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BINARY OPTIONS INSIGHTS FOR DECEMBER 10TH 2015

GBP/USD 1.25030 20:50 23.01
ALIBABA 98.255 20:45 23.01
GBP/USD 1.25057 20:40 23.01
BitCoin/CNY 6351.435 20:30 23.01
WELLS FARGO 54.405 20:30 23.01
TOYOTA (US) 118.250 20:30 23.01
COLGATE-PALMOLIVE 67.585 20:30 23.01
FERRARI 61.165 20:30 23.01
TSX 60 916.940 20:30 23.01
ALIBABA 98.210 20:30 23.01
BOEING 157.820 20:30 23.01
AUD/USD 0.75746 20:30 23.01
AUD/JPY 85.603 20:30 23.01
GBP/USD 1.25058 20:30 23.01
GENERAL ELECTRIC 29.645 20:30 23.01
S&P 500 2264.620 20:30 23.01
JP MORGAN CHASE 83.745 20:30 23.01
SILVER 17.171 20:30 23.01
AIG 65.535 20:30 23.01
USD/CAD 1.32506 20:30 23.01
GOLD 1215.815 20:30 23.01
DOW 19792.84 20:30 23.01
AUD/CAD 1.00366 20:30 23.01
DOLLAR INDEX-MAR17 100.135 20:30 23.01
3M 178.245 20:30 23.01
GOLD VS SILVER 70.8022 20:30 23.01
CITIGROUP 55.895 20:30 23.01
CITIGROUP VS AIG 0.85303 20:30 23.01
McDONALD'S 121.320 20:30 23.01
LAS VEGAS SANDS 55.485 20:30 23.01
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By: Adam Stone
December 10th, 2015 08:32am GMT, London UK

Market Recap & Outlook:

Preliminary machine tool orders for the month of November plunged by 17.9% year-over-year which represented a slowdown in the rate of contraction over the previous month’s drop of 22.9%. This followed the report on machine orders for October which surprised to the upside with an increase of 10.7% month-over-month and 10.3% year-over-year after September’s rise of 7.5% and decrease of 1.7% respectively.

The United States reported a contraction of 0.1% in October wholesale inventories and a level of 0.0% in wholesale trade sales month-over-month following September’s downward revised increase of 0.2% and unrevised rise 0.5% respectively. Economists anticipated an increase of 0.1% in inventories and 0.2% in sales. A binary trade options review indicates an increase in put options for the US Dollar which suggests the risk remains to the downside.

Economists expect the visible trade balance out of the United Kingdom for the month of October to come in at a deficit of £9.700 billion which would represent an increase over the previous month’s deficit of £9.351 billion. The total trade balance is called in at a deficit of £1.800 billion while the non-EU trade balance is favored to show a deficit of £2.500 billion after being reported as a deficit of £1.353 billion and £2.076 billion in the previous month respectively.

Today’s Binary Option Trading Recommendations Overview:

AUD/USD – Binary Put Option
GBP/JPY – Binary Call Option
USD/CAD – Binary Put Option
Gold – Binary Put Option
FTSE 100 – Binary Call Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD is being pressured to the downside by its descending resistance level which emerged from its intra-day high of 0.7385 recorded on December 4th 2015. The 50 Day Moving Average (DMA) is drifting higher below the 200 DMA which is trending sideways with a positive bias. The Accelerator Oscillator (AC) confirmed the price spike, but is favored to reverse. The Relative Strength Index (RSI) is trading in overbought conditions as a result of the drop down from extreme overbought territory.
AUD/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level. The AUD/USD is anticipated to extend the move lower into its horizontal support level. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7275 on the H1 Hourly Chart. The downside potential for this binary put option is 105 pips to 0.7170 while the upside potential is 50 pips to 0.7325. This results in a risk/reward ratio of 2.10.

GBP/JPY – The GBP/JPY plunged into its horizontal support level from where downside pressure is being depleted which led to a breakout above it. The descending 50 DMA remains below the descending 200 DMA and the distance is increasing. The AC started to recover from its low as positive pressure is accumulating and the RSI is trading in neutral territory following the advance from oversold conditions; a drift into extreme overbought levels is favored.
GBP/JPY Trading Currencies
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level. The GBP/JPY is expected to advance into its 200 DMA from where a breakout is likely to emerge. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 184.600 on the H1 Hourly Chart. The upside potential for this binary call option is 175 pips to 186.350 while the downside potential is 90 pips to 183.700. This results in a risk/reward ratio of 1.94.

USD/CAD – The USD/CAD drifted below of its horizontal resistance level from where a breakout was prevented to materialize. The 50 DMA is advancing and maintains the position above the 200 DMA which is ascending. The AC has formed a negative divergence in this currency pair as the RSI is trading in neutral conditions after descending from extreme overbought territory which provided a boost to downside momentum.
USD/CAD Dollar Trading Guide
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level. The USD/CAD is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the USD/CAD currency pair on rallies above 1.3545 on the H1 Hourly Chart. The downside potential for this binary put option is 250 pips to 1.3295 while the upside potential is 75 pips to 1.3620. This results in a risk/reward ratio of 3.33.

Today’s Commodity Trade

GoldGold has lost its upside pressure following the breakdown below its horizontal resistance level. The descending 50 DMA is closing in on the sideways drifting 200 DMA which carries a positive bias. The AC shows the contraction in positive momentum. The RSI is trading in neutral territory as a result of the bounce higher from oversold conditions. What are option trades? Option trades are assets which carry an expiry time.
Gold Options Trading Call or Put
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below its descending resistance level with an increase in downside pressure. Gold is expected to push below its 200 DMA from where more downside is anticipated. Binary option traders are advised to seek binary put options in Gold on rallies above 1,078.00 on the H1 Hourly Chart. The downside potential for this binary put option is 3,150 pips to 1,046.50 while the upside potential is 700 pips to 1,085.00. This results in a risk/reward ratio of 4.50.

Today’s Equity Index Recommendation

FTSE 100 – The FTSE 100 is validating its newly formed horizontal support level from where negative pressure is being depleted. The 50 DMA is descending and continues to trade below the descending 200 DMA. The AC indicates the formation of a positive divergence in this equity index while the RSI is trading in oversold conditions following the breakout above extreme oversold territory which added to the rise in upside momentum.
FTSE 100 Equity Index Price
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. The FTSE 100 is anticipated to spike into its horizontal resistance level. Binary option traders are advised to seek binary call options in FTSE 100 equity index on dips below 6,080.00 on the H1 Hourly Chart. The upside potential for this binary call option is 36,000 pips to 6,440.00 while the downside potential is 16,500 pips to 5,915.00. This results in a risk/reward ratio of 2.18.

Key Fundamental Data:

Japan – Bond holders purchased ¥73.1 billion worth of foreign bonds for the week ending December 4th 2015 and equity traders added ¥234.6 billion worth of foreign stocks. This marked a reversal over the previous week’s downward revised sale of ¥156.6 billion worth of foreign bonds and an increase over the upward revised purchase of ¥53.5 billion worth of foreign stocks.
Japan – The BSI Large All Industry Index for the fourth-quarter clocked in at 4.6 quarter-over-quarter while the BSI Large Manufacturing Index was reported at 3.8 after the third-quarter’s reading of 9.6 and 11.0 respectively.
Australia – Consumer inflation expectations for the month of November were reported at 4.0% following October’s level of 3.5%.
Australia – The employment report for November showed a surprise addition of 71,400 jobs and an unemployment rate of 5.8% after the previous month’s downward revised addition of 56,100 jobs and an unemployment rate of 5.9%. Consensus estimates called for a loss of 10,000 jobs and an unemployment rate of 6.0%. The labor force participation rose to 65.3%, up 0.3% from the previous month’s 65.0%. 41,600 full-time positions and 29,700 part-time jobs were created following October’s downward revised addition of 38,400 full-time positions and 17,700 part-time jobs.
United Kingdom – Expectations for the Bank of England (BoE) call for interest rates to remain unchanged at 0.50% and the Asset Purchase Target untampered with at £375 billion.
Russia – The final revision to the third-quarter gross domestic product (GDP) is set for an upward revision to a contraction of 4.1% year-over-year after being initially reported as a GDP contraction of 4.6%.
Canada – Economists anticipate the third-quarter capacity utilization rate to rise to 82.1% from the previous quarter’s level of 81.3%.
Canada – The new housing price index for October is favored to post a rise of 0.1% month-over-month and 1.3% year-over-year. This would match the increase reported in September.
United States – Initial jobless claims for the week ending December 5th 2015 are anticipated to decrease by 1,000 to 268,000 as continuing claims for the week ending November 28th 2015 are set to drop by 8,000 to 2,153,000.
United States – Expectations for the import price index (IPI) call for a contraction of 0.8% in November month-over-month and 9.6% year-over-year. This would mark an increase over the previous month’s drop of 0.5% month-over-month, but an improvement over the decrease of 10.5% year-over-year.
United States – The monthly budget statement for November is anticipated to show a deficit of $67.5 billion following October’s deficit of $136.0 billion.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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