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BINARY OPTIONS INSIGHTS FOR OCTOBER 12TH 2015

BitCoin/CNY 6263.480 23:00 17.01
NZD/JPY 81.341 23:00 17.01
AUD/USD 0.75578 23:00 17.01
AUD/JPY 85.251 23:00 17.01
EUR/JPY 120.804 23:00 17.01
USD/JPY 112.794 23:00 17.01
EUR/USD 1.07108 23:00 17.01
AUD/NZD 1.04809 23:00 17.01
NZD/USD 0.72115 23:00 17.01
CAD/JPY 86.467 23:00 17.01
GBP/JPY 139.897 23:00 17.01
BitCoin/CNY 6264.060 22:30 17.01
NZD/JPY 81.294 22:30 17.01
AUD/USD 0.75594 22:30 17.01
AUD/JPY 85.194 22:30 17.01
EUR/JPY 120.721 22:30 17.01
EUR/USD 1.07112 22:30 17.01
USD/JPY 112.707 22:30 17.01
BitCoin/CNY 6191.350 22:00 17.01
AUD/NZD 1.04843 22:00 17.01
NZD/USD 0.72165 22:00 17.01
CAD/JPY 86.347 22:00 17.01
NZD/JPY 81.262 22:00 17.01
AUD/USD 0.75675 22:00 17.01
AUD/JPY 85.208 22:00 17.01
GBP/JPY 139.822 22:00 17.01
EUR/JPY 120.657 22:00 17.01
USD/JPY 112.621 22:00 17.01
EUR/USD 1.07137 22:00 17.01
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By: Adam Stone
October 12th, 2015 8:21am GMT, London UK

Market Recap & Outlook:

Construction output in the United Kingdom unexpectedly plunged by 4.3% in August month-over-month and by 1.3% year-over-year. This missed expectations for an increase of 1.0% and 1.4% respectively. August’s data followed the 1.0% contraction which was released for July month-over-month and the upward revised increase of 2.0% year-over-year. The basics of trading need to be well understood, both on the fundamental and technical side of the trade in order to achieve more consistent results.

The United States released its wholesale inventories and wholesale trade sales data for the month of August which posted an increase of 0.1% and a contraction of 1.0% respectively. Wholesale inventories were expected to come in at 0.0% following July’s upward revised contraction of 0.3% while wholesale trade sales were called down by 0.4% after posting a 0.3% contraction in the previous month. This report confirmed the deepening economic slowdown in the US.

With the United States closed for Columbus Day and Canada closed for Thanksgiving, there will be little volume coming out during the US trading session with the most focus on three speeches by Federal Reserve Presidents. Federal Reserve Bank of Atlanta President Dennis Lockhart will give a speech in Florida on the Economic Outlook, Federal Reserve Bank of Chicago President Charles Evans will deliver a speech on Policy and the Economy in Chicago and Board of Governors of the Federal Reserve System member Lael Brainard will give a speech in Washington, DC on Outlook and Policy.

Today’s Binary Option Trading Recommendations Overview:

GBP/JPY – Binary Put Option
EUR/USD – Binary Put Option
USD/CHF – Binary Call Option
Platinum – Binary Put Option
CAC 40 – Binary Put Option

Currency Pairs on today’s Radar Screen:

GBP/JPY – The GBP/JPY started to descend after recording its intra-day high of 184.852 on October 9th 2015. The 50 Day Moving Average (DMA) is approaching its horizontal resistance level and remains above the ascending 200 DMA. The Accelerator Oscillator (AC) indicates the build-up in negative momentum in this currency pair. The Relative Strength Index (RSI) is trading in neutral territory following the move lower from extreme overbought conditions.
GBP/JPY Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading just below of its horizontal resistance level, but above its 50 DMA. The GBP/JPY is expected to collapse into its 200 DMA from where a breakdown is favored. Binary option traders are advised to seek binary put options in the GBP/JPY currency pair on rallies above 184.000 on the H1 Hourly Chart. The downside potential for this binary put option is 335 pips to 180.650 while the upside potential is 85 pips to 184.850. This results in a risk/reward ratio of 3.94.

EUR/USD – The EUR/USD is exhausting its uptrend inside of its horizontal resistance level which is expected to remain intact and this currency pair is now vulnerable to a counter-trend move. The ascending 50 DMA is widening the gap to the 200 DMA which is advancing at a slower pace. The AC has formed a negative divergence while the RSI is trading in overbought conditions after breaking down from extreme overbought territory.
EUR/USD Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level with an increase in downside pressure. The EUR/USD is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.1355 on the H1 Hourly Chart. The downside potential for this binary put option is 220 pips to 1.1135 while the upside potential is 105 pips to 1.1460. This results in a risk/reward ratio of 2.10.

USD/CHF – The USD/CHF stabilized inside of its horizontal support level and was able to breakout above it which caused momentum to change from negative to positive. The 50 DMA continues to trade below the 200 DMA as both moving averages are descending. The AC shows the formation of a positive divergence; the RSI is trading in neutral territory as a result of its advance from extreme oversold conditions.
USD/CHF Binary Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. The USD/CHF is expected to resume its move higher until it will reach its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CHF currency pair on dips below 0.9630 on the H1 Hourly Chart. The upside potential for this binary call option is 165 pips to 0.9795 while the downside potential is 45 pips to 0.9585. This results in a risk/reward ratio of 3.67.

Today’s Commodity Trade

PlatinumPlatinum is testing the validity of its newly formed horizontal resistance level which is favored to prevent a breakout from materializing. The ascending 50 DMA maintains its position above the 200 DMA which is moving higher as well. The AC suggests a corrective phase as positive momentum has collapsed. The RSI is trading in overbought conditions following the breakdown from extreme overbought territory.
Platinum Commodity Chart
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. Platinum is anticipated to drift down into its 50 DMA from where more downside is likely to emerge. Binary option traders are advised to seek binary put options in Platinum on rallies above 975.0 on the H1 Hourly Chart. The downside potential for this binary put option is 8,310 pips to 891.9 while the upside potential is 2,500 pips to 1,000.0. This results in a risk/reward ratio of 3.32.

Today’s Equity Index Recommendation

CAC 40 – The CAC 40 is losing upside pressure inside of its horizontal resistance level. The 50 DMA is flattening out above the 200 DMA which is trending sideways with a positive bias. The AC formed a negative divergence while the RSI is trading in neutral territory after descending from extreme overbought conditions. A binary options broker review shows the increase in put options for this equity index.
CAC 40
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level as downside pressure is on the rise. The CAC 40 is expected breakdown and accelerate to the downside. Binary option traders are advised to seek binary put options in the CAC 40 equity index on rallies above 4,670.0 on the H1 Hourly Chart. The downside potential for this binary put option is 39,500 pips to 4,275.0 while the upside potential is 7,000 pips to 4,740.0. This results in a risk/reward ratio of 5.64.

Key Fundamental Data:

Malaysia – Industrial production is expected to increase by 4.8% in September year-over-year. This would mark a slowdown over August’s increase of 6.1%.
Eurozone – Economists anticipate the Dutch trade surplus for August to come in at €5.00 billion which would represent an improvement over July’s trade surplus of €4.84 billion.
Eurozone – Expectations for the French current account deficit call for a level of €0.20 billion for the month of August following the €0.40 billion current account deficit which was reported in July.
Eurozone – The consumer price index (CPI) in Portugal is set to show a contraction of 0.4% for September month-over-month and an increase of 0.4% year-over-year. This would follow the contraction of 0.3% and increase of 0.7% reported in August respectively.
India – Economists expect industrial production to rise by 4.4% in September year-over-year while manufacturing production is called higher by 4.1%. This would mark an improvement over August’s expansion of 4.2% in industrial production, but a slowdown over the 4.7% increase in manufacturing production.
Mexico – Industrial production is anticipated to increase by 0.1% month-over-month and 0.3% year-over-year in August following the increase of 0.2% and 0.7% which was reported in July respectively.
Russia – Expectations for the Russian trade surplus for August call for a level of $11.0 billion, $300 million above the $10.7 billion trade surplus which was reported in July.

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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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