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BINARY OPTIONS INSIGHTS FOR DECEMBER 17TH 2015

BitCoin/CNY 6273.870 21:00 24.01
WELLS FARGO 54.700 21:00 24.01
USD/CHF 1.00085 21:00 24.01
TOYOTA (US) 117.620 21:00 24.01
SONY 30.485 21:00 24.01
SILVER 17.118 21:00 24.01
GOLD 1209.957 21:00 24.01
COLGATE-PALMOLIVE 68.265 21:00 24.01
FIAT CHRYSLER 10.89 21:00 24.01
LOCKHEED MARTIN 252.895 21:00 24.01
FERRARI 62.695 21:00 24.01
TSX 60 924.440 21:00 24.01
AUD/NZD 1.04665 21:00 24.01
ALIBABA 101.450 21:00 24.01
BOEING 160.540 21:00 24.01
NZD/USD 0.72463 21:00 24.01
BANK OF AMERICA 22.945 21:00 24.01
PFIZER 31.155 21:00 24.01
CAD/JPY 86.432 21:00 24.01
NZD/JPY 82.435 21:00 24.01
AUD/USD 0.75845 21:00 24.01
AUD/JPY 86.280 21:00 24.01
GBP/JPY 142.263 21:00 24.01
GENERAL ELECTRIC 29.990 21:00 24.01
S&P 500 2280.120 21:00 24.01
JP MORGAN CHASE 84.715 21:00 24.01
GOLD/EUR 1127.335 21:00 24.01
USD/JPY 113.763 21:00 24.01
EUR/JPY 122.101 21:00 24.01
CITIGROUP VS JP MORGAN CHASE 0.67015 21:00 24.01
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By: Adam Stone
December 17th, 2015 13:32am GMT, London UK

Market Recap & Outlook:

Australia reported a contraction of 0.2% in its Westpac Leading Index for November month-over-month. This reversed the previous month’s rise of 0.1%. Skilled vacancies rose by 1.2% in November which represented a slowdown over October’s upward revised increase of 1.6% month-over-month. Trade software is available which can enhance the trading outcome, but there is no substitute for deep knowledge prior to using software.

Housing starts out of the United States surged by 10.5% in November month-over-month to 1,173,000 units as building permits jumped by 11.0% to 1,289,000 permits. Economists anticipated a much smaller rise of 6.6% to 1,130,000 units and a decrease of 1.0% to 1,150,000 permits. This followed October’s upward revised contraction of 12.0% to 1,062,000 units and upward revised increase of 5.1% to 1,161,000 permits.

The United States will release initial jobless claims and continuing claims which are called in at 274,000 for the week ending December 12th 2015 and 2,220,000 for the week ending December 5th 2015. This would represent a decrease over the previous week’s level of 282,000 initial jobless claims and 2,243,000 continuing claims. In addition, leading indicators for November are expected to increase by 0.1% following the previous month’s rise of 0.6%.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Call Option
• GBP/JPY – Binary Call Option
• EUR/USD – Binary Call Option
• Platinum – Binary Put Option
• FTSE100 – Binary Put Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USDreversed the breakout above its horizontal support level and is now trading back inside of it. The 50 Day Moving Average (DMA) continues to trade below the200 DMAas both moving averages are descending. The Accelerator Oscillator (AC) shows the accumulation in upside pressure and the Relative Strength Index (RSI) is trading in neutral territory after ascending from oversold conditions.

AUD/USD Binary Options Insights for December17th 2015

Today’s Binary Options Trading Strategy: Call Option

Price action is now trading inside of its horizontal support level with an increase in positive pressure. The AUD/USD is expected to enter a counter-trend advance. Binary option traders are advised to seek binary call options in the AUD/USD currency pair on dips below 0.7200 on the H1 Hourly Chart. The upside potential for this binary call option is 135 pips to 0.7335 while the downside potential is 45 pips to 0.7155. This results in a risk/reward ratio of 3.00.

GBP/JPY – The GBP/JPYentered a sideways trend following the breakout above its horizontal support level from where more upside is favored. The descending 50 DMA remains below the descending200 DMA. The AC supports further upside potential due to the rise in positive pressure while the RSI is trading in neutral conditions as a result of the move to the upside from oversold territory; a spike into overbought levels is expected.

GBP/JPY Binary Options Insights for December17th 2015

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 GBP/JPY is anticipated to drift into its 200 DMA from where more upside potential is likely to emerge. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 183.300 on the H1 Hourly Chart. The upside potential for this binary call option is 270 pips to 186.000 while the downside potential is 115 pips to 182.150. This results in a risk/reward ratio of 2.35.

EUR/USD– The EUR/USDbounced to the upside from its most recent intra-day low of 1.0832 which was recorded today on December 17th 2015. The 50 DMA is descending and crossed below the200 DMA which is trending sideways. The AC indicates the increase in upside momentum in this currency pair.The RSI is trading in oversold territory following a brief drop into extreme oversold conditions and the reversal resulted in a rise in positive pressure.

EUR/USD Binary Options Insights for December17th 2015

Today’s Binary Options Trading Strategy: Call Option

Price action is now trading above of its horizontal support level. The EUR/USD is expected to accelerate into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.0890 on the H1 Hourly Chart. The upside potential for this binary call option is 170 pips to 1.1060 while the downside potential is 75 pips to 1.0815. This results in a risk/reward ratio of 2.27.

Today’s Commodity Trade

Platinum – Platinum completed a breakdown below its horizontal resistance level which resulted in a momentum change to negative. Theascending 50 DMA completed a positive crossover above the ascending200 DMA. The AC formed a negative divergence prior to the breakdownasthe RSI is trading in neutralconditionsafter collapsing from extreme overbought territory. A futures options trading review shows an overweight in call options for this precious metal.

Today’s Commodity Trade Platinum - 17/12/15

Today’s Binary Options Trading Strategy: Put Option

Price action is currently trading below of its horizontal resistance level. Platinum is anticipated to move back down into its horizontal support level. Binary option traders are advised to seek binary put options in Platinumon rallies above 862.0 on the H1 Hourly Chart. The downside potential for this binary put option is 2,650 pips to 835.5 while the upside potential is 1,100 pips to 873.0. This results in a risk/reward ratio of 2.41.

Today’s Equity Index Recommendation

FTSE 100 – The FTSE 100 accelerated from its horizontal support level an id now approaching its 200 DMA which is exercising an increase in negative pressure on this equity index. The 50 DMA is drifting higher and narrowing the gap to the200 DMA which is descending. The ACformed a negative divergence which favors a price action reversal.The RSI is trading in extreme overbought territory from where a breakdown is likely to precede a contraction.

Today’s Equity Index Recommendation FTSE 100 - 17/12/15

Today’s Binary Options Trading Strategy: Put Option

Price action is now trading below of its 200 DMA as downside momentum is on the rise. The FTSE 100is expected to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the FTSE 100 equity index on rallies above 6,120.00 on the H1 Hourly Chart. The downside potential for this binary put option is 25,500 pips to 5,865.00 while the upside potential is 9,000 pips to 6,210.00. This results in a risk/reward ratio of 2.83.

Key Fundamental Data:

Japan – Bond holders purchased ¥319.4 billion worth of foreign bonds and equity investors added ¥21.8 billion worth of foreign stocks to their portfolios in the week ending December 11th 2015. This followed the previous week’s upward revised addition of ¥81.3 billion worth of foreign bonds and purchase of ¥234.6 billion worth of foreign stocks.

Japan – The merchandise trade deficit for November was reported at ¥379.7 billion following the previous month’s surplus of ¥108.3 billion. Expectations called for a deficit of ¥449.7 billion. Exports decreased by 3.3% year-over-year while imports dropped 10.2% following October’s contraction of 2.2% and plunge of 13.4%. Consensus estimates called for a decrease of 1.6% and 7.3% respectively.

Eurozone – Expectations for the November unemployment rate out of the Netherlands call for no change from the previous month’s reading of 6.9%.
Eurozone – Economists anticipate French business confidence to drop to 101 in December from the 102 which was reported in November.

Eurozone – The German IFO Business Climate Index for December is called in at 109.0 and the IFO Current Assessment Index at 113.4. This would match November’s data, but the IFO Expectations Index is favored to rise by 0.3 points to 105.0 from the previous month’s level of 104.7.

Eurozone – Consensus estimates for the Italian trade surplus call for an improvement to €2.87 billion in October from September’s surplus of €2.19 billion.

Norway – Expectations for the Norwegian central bank, the Norges Bank, favor an interest rate cut of 25 basis points to 0.50% from the current level of 0.75%.

United Kingdom–Economists anticipate an increase of 0.5% in November retail sales month-over-month and 2.3% year-over-year after posting a contraction of 0.9% and an increase of 3.0% in October. Excluding automobile fuel sales, retail sales are called up by 0.6% month-over-month and 3.0% year-over-year following the previous month’s drop of 0.6% and rise of 3.8% respectively.

Eurozone – Construction output for October is favored to decrease by 0.2% year-over-year. This would mark a reversal over the 1.8% increase reported in September.

Eurozone – Third-quarter wage growth is anticipated to rise by 2.0% in the third-quarter year-over-year while the labor cost index is called higher by 1.8%. This would represent an increase over the second-quarter’s rise of 1.9% and 1.6% respectively.

United Kingdom – Consensus estimates for CBI Trends Total Orders for December are expected to clock in at -10 after being reported at -11 in November.

United States –The current account deficit for the third-quarter is anticipated to expand to $118.9 billion from the previous quarter’s deficit of $109.7 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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