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BINARY OPTIONS INSIGHTS FOR DECEMBER 11TH 2015

BitCoin/CNY 6291.000 11:00 24.01
USD/MXN 21.421 11:00 24.01
FTSE F-MAR17 7107.750 11:00 24.01
USD/RUB 59.259 11:00 24.01
USD/NOK 8.35711 11:00 24.01
USD/CHF 1.00118 11:00 24.01
OIL-MAR17 (BRENT) 55.480 11:00 24.01
EUR/ILS 4.06935 11:00 24.01
USD/ILS 3.79245 11:00 24.01
SBERBANK 168.585 11:00 24.01
GAZPROM 149.220 11:00 24.01
NZD/CHF 0.72229 11:00 24.01
CAD/CHF 0.75325 11:00 24.01
NZD/USD 0.72145 11:00 24.01
SUGAR (11)-MAR17 20.9750 11:00 24.01
CAD/JPY 85.347 11:00 24.01
AUD/USD 0.75568 11:00 24.01
AUD/JPY 85.721 11:00 24.01
GBP/USD 1.24566 11:00 24.01
EUR/USD 1.07297 11:00 24.01
VTB BANK 0.068940 11:00 24.01
ROSNEFT' 387.325 11:00 24.01
METRO AG 31.955 11:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 11:00 24.01
SILVER 17.108 11:00 24.01
GOLD/EUR 1129.755 11:00 24.01
USD/JPY 113.440 11:00 24.01
EUR/JPY 121.719 11:00 24.01
GOLD VS OIL 21.8500 11:00 24.01
BMW VS DAIMLER 1.22767 11:00 24.01
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By: Adam Stone
December 11th, 2015 06:35am GMT, London UK

Market Recap & Outlook:

The Bank of England (BoE) maintained its interest rate at 0.50% and left its asset purchase target unchanged at £375 billion in a move which was widely expected. This marked the 81st meeting at which the British central bank decided to remain on the sideline. The BoE stated that the plunge in oil prices as well as low wage pressures could contain inflationary pressures. This may lead to low interest rates for longer than expected. What is binary option trading? Binary option trading refers to an asset class where traders simply chose the direction, up or down, together with an expiry time.

Initial jobless claims out of the United States for the week ending December 5th 2015 spiked to 282,000. Economists anticipated a drop of 1,000 to 268,000 from the previous week’s level of 269,000. Continuing claims for the week ending November 28th 2015 surged to 2,243,000 which came in well above the expected reading of 2,155,000. This also marked a sharp reversal over the previous week’s level of 2,161,000.

Remaining with economic data out of the US, today’s advanced retail sales data is expected to show an increase of 0.3% for November after the previous month’s rise of 0.1%. An increase of 0.3% is favored in retail sales excluding automobile sales as well as retail sales excluding automobile and gasoline sales. This would mark an improvement over the 0.2% increase and match October’s rise of 0.3% respectively. Retail sales in the control group are set to increase by 0.4% following the previous month’s rise of 0.2%.

Today’s Binary Option Trading Recommendations Overview:
• EUR/USD – Binary Put Option
• USD/JPY – Binary Call Option
• GBP/USD – Binary Put Option
• Platinum – Binary Call Option
• EuroStoxx 50 – Binary Call Option

Currency Pairs on today’s Radar Screen:
EUR/USD – The EUR/USD started to drift to the downside after recording its intra-day high of 1.1042 on December 9th 2015. The 50 Day Moving Average (DMA) maintains its position above the 200 DMA as both moving averages are ascending. The Accelerator Oscillator (AC) points towards depressed positive momentum. The Relative Strength Index (RSI) is trading in neutral conditions following the move down from extreme overbought territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level as well as below of its 50 DMA. The EUR/USD is anticipated to push below its 200 DMA from where more downside is favored. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.0915 on the H1 Hourly Chart. The downside potential for this binary put option is 390 pips to 1.0525 while the upside potential is 125 pips to 1.1040. This results in a risk/reward ratio of 3.12.

EURUSD

USD/JPY – The USD/JPY forced a momentum change form negative to positive with the breakout above its horizontal support level. The descending 50 DMA is widening the gap to the descending 200 DMA. The AC confirmed the momentum change and favors an extension of the move and the RSI is trading in overbought territory after spiking higher from extreme oversold conditions; a move into extreme overbought levels is anticipated.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its 50 DMA. The USD/JPY is expected to accelerate into its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/JPY currency pair on dips below 122.300 on the H1 Hourly Chart. The upside potential for this binary call option is 135 pips to 123.650 while the downside potential is 45 pips to 121.850. This results in a risk/reward ratio of 3.00.

USDJPY

GBP/USD – The GBP/USD has violated its uptrend with the breakdown below its horizontal resistance level which changed momentum to negative. The 50 DMA is ascending and continues to trade above the 200 DMA which is drifting higher. The AC suggests more downside due to the accumulation in negative pressure while the RSI is trading in neutral conditions as a result of the collapse from extreme overbought territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The GBP/USD is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.5120 on the H1 Hourly Chart. The downside potential for this binary put option is 225 pips to 1.4895 while the upside potential is 80 pips to 1.5200. This results in a risk/reward ratio of 2.81.

GBPUSD

Today’s Commodity Trade
Platinum – Platinum has entered a sideways trend in the middle of its trading range between its horizontal support level and its horizontal resistance level. The sideways drifting 50 DMA carries a positive bias and remains above the ascending 200 DMA. The AC indicates the build-up in positive pressure in this commodity. The RSI is trading in oversold territory following the slide from overbought conditions. This option trading example illustrates a call option.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading at its 200 DMA with a rise in upside momentum. Platinum is expected to drift back into its horizontal resistance level. Binary option traders are advised to seek binary call options in Platinum on dips below 852.0 on the H1 Hourly Chart. The upside potential for this binary call option is 3,400 pips to 886.0 while the downside potential is 1,400 pips to 838.0. This results in a risk/reward ratio of 2.43.

Platinum

Today’s Equity Index Recommendation
EuroStoxx 50 – The EuroStoxx 50 was able to bounce above of its horizontal support level from its intra-day low of 3,229.0 which was recorded on December 9th 2015. The 50 DMA is moving to the downside below of the 200 DMA which is descending as well. The AC suggests an advance with the increase in positive momentum as the RSI is trading in neutral conditions after reversing from oversold territory which added to upside pressure.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level, but below of its 50 DMA. The EuroStoxx 50 is anticipated to enter a counter-trend advance. Binary option traders are advised to seek binary call options in EuroStoxx 50 equity index on dips below 3,290.0 on the H1 Hourly Chart. The upside potential for this binary call option is 23,500 pips to 3,525.0 while the downside potential is 6,000 pips to 3,230.0. This results in a risk/reward ratio of 3.92.

EuroStoxx 50

Key Fundamental Data:
Eurozone – Economists anticipate the final revision for the consumer price index (CPI) out of Germany to confirm the initially released data which showed a rise of 0.1% month-over-month and 0.4% year-over-year. Expectations for the EU Harmonized CPI call for no change from the previously reported increase of 0.1% month-over-month and 0.3% year-over-year.
Eurozone – The current account surplus for the month of October out of France is favored to decrease to €200 million after the €500 million reported in September.
Eurozone – Consensus estimates for October Italian industrial production call for an increase of 0.3% month-over-month and 2.0% year-over-year following the previous month’s rise of 0.2% and 1.7%.
United Kingdom – Expectations for constructing output call for an expansion of 1.0% in October month-over-month after September’s drop of 0.2%.
United Kingdom – The November Bank of England/GfK inflation expectations over the next twelve months are set to match the 2.0% increase reported in the previous month.
Eurozone – Economists anticipate the third-quarter unemployment rate out of Italy to decrease to 11.9% from the 12.4% which was printed in the second-quarter.
Russia – The Bank of Russia is expected to keep its benchmark interest rate unchanged from the current level of 11.0%.
Eurozone – Consensus estimates for the November Portuguese CPI favor a rise of 0.3% month-over-month and 0.5% year-over-year following the previous month’s increase of 0.1% and 0.6% respectively.
Russia – Expectations for the October trade balance call for a $9.9 billion trade surplus, up $0.3 billion from the $9.6 billion reported in September.
United States – Economists anticipate the November producer price index (PPI) to clock in at 0.0% month-over-month and to post a 1.4% contraction year-over-year. This would represent an improvement over the previous month’s contraction of 0.4% and 1.6%. The core PPI, which excludes food and energy, is expected to rise by 0.1% month-over-month and at 0.2% year-over-year following October’s drop of 0.3% and rise of 0.1% respectively. The core PPI excluding trade is set to expand by 0.1% month-over-month and 0.4% year-over-year after decreasing by 0.1% month-over-month and rising by 0.4% in the previous month.
United States – October business inventories are favored to expand by 0.1% which would represent a slowdown over the 0.3% rise reported in September.
United States – Consensus estimates for the preliminary December University of Michigan Consumer Confidence Index call for an increase of 0.7 points to 92.0 from the previous month’s level of 91.3.

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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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