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BINARY OPTIONS INSIGHTS FOR OCTOBER 14TH 2015

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
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By: Adam Stone
October 14th, 2015 7:44am GMT, London UK

Market Recap & Outlook:

The United Kingdom reported its consumer price index (CPI) which unexpectedly dropped below 0.0% in September. The released data showed a contraction of 0.1% month-over-month as well as year-over-year. Expectations called for a level of 0.0% and 0.0% respectively. This represents only the second time since 1960 that the UK printed deflationary figures which could complicate the Bank of England’s monetary adjustment. The British Pound came under pressure after the CPI report showed deflation in September.

China extended its longest contraction streak over the past six years with the eleventh consecutive month in which imports decreased. Yesterday’s report showed a contraction of 20.4% in US Dollar terms following the 13.8% contraction reported in August. Economists anticipated a contraction of only 15.9%. This suggests a much weaker domestic economy in China than previously expected. Exports posted a contraction of 3.7%, better than the 6.0% contraction anticipated and below the 5.5% contraction reported in the previous month. This allowed the Chinese trade surplus to jump to $60.34 billion which came in well above the $47.90 billion anticipated and above the $60.24 billion surplus reported in August.

Industrial production in the Eurozone is expected to post a contraction of 0.5% in August month-over-month and an increase of 1.8% year-over-year. This would mark a reversal over July’s increase of 0.6% and a slowdown as compared to the increase of 1.9% respectively. The Euro could be pushed to the downside. Currency options trading offers a sophisticated solution in order to profit from movements in the currency marked based on fundamental as well as technical factors.

Today’s Binary Option Trading Recommendations Overview:

GBP/USD – Binary Call Option
EUR/GBP – Binary Put Option
EUR/CHF – Binary Call Option
Silver – Binary Put Option
DAX 30 – Binary Put Option

Currency Pairs on today’s Radar Screen:

GBP/USD – The GBP/USD collapsed from its intra-day high of 1.5388 which was reached on October 13th 2015. The 50 Day Moving Average (DMA) is descending and narrowing the gap to the 200 DMA which is ascending. The Accelerator Oscillator (AC) shows a recovery from its lows while the Relative Strength Index (RSI) is trading in oversold territory after ascending from extreme oversold conditions which resulted in an increase of upside pressure.
GBP/USD Currency Options Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level as well as above its 200 DMA. The GBP/USD is expected to reverse back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the GBP/USD currency pair on dips below 1.5280 on the H1 Hourly Chart. The upside potential for this binary call option is 110 pips to 1.5390 while the downside potential is 50 pips to 1.5230. This results in a risk/reward ratio of 2.20.

EUR/GBP – The EUR/GBP has spiked into its horizontal resistance level from where upside pressure is being depleted which pushed this currency pair below it. The ascending 50 DMA was able to cross above the 200 DMA which is drifting to the upside at a slower pace. The AC confirmed the price spike, but started to retreat from its highs as positive momentum is contracting. The RSI is trading in neutral conditions as a result of its breakdown from extreme overbought levels.
EUR/GBP Trading Binary Options
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The EUR/GBP is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7445 on the H1 Hourly Chart. The downside potential for this binary put option is 115 pips to 0.7330 while the upside potential is 50 pips to 0.7495. This results in a risk/reward ratio of 2.30.

EUR/CHF – The EUR/CHF bounced higher after briefly touching its ascending support level which emerged from its intra-day low of 1.0865 recorded on October 7th 2015. The 50 DMA maintains its positions above the ascending 200 DMA, but both moving averages are trending to the downside. The AC indicates the build-up in upside pressure in this currency pair. The RSI is trading in neutral territory following the move higher from oversold conditions.
EUR/CHF Binary Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level. The EUR/CHF is expected to drift higher until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/CHF currency pair on dips below 1.0915 on the H1 Hourly Chart. The upside potential for this binary call option is 35 pips to 1.0950 while the downside potential is 15 pips to 1.0900. This results in a risk/reward ratio of 2.33.

Today’s Commodity Trade

SilverSilver started to trend sideways following the breakdown below its horizontal resistance level. The 50 DMA flattened out with a positive bias above the 200 DMA which is moving to the upside. The AC has formed a negative divergence suggesting a breakdown from current levels and the RSI is trading in overbought conditions after ascending from oversold territory which led to a rise in negative momentum.
Silver Commodity Price
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. Silver is anticipated to complete a breakdown below its 200 DMA from where more downside is favored. Binary option traders are advised to seek binary put options in Silver on rallies above 15.850 on the H1 Hourly Chart. The downside potential for this binary put option is 145 pips to 14.400 while the upside potential is 60 pips to 16.450. This results in a risk/reward ratio of 2.42.

Today’s Equity Index Recommendation

DAX 30 – The DAX 30 is faced with a change in momentum from positive to negative after drifting below its horizontal resistance level. The 50 DMA started to move sideways, but the ascending 200 DMA is closing in. The AC points to the formation of a negative divergence as the RSI is trading in neutral territory as a result of the collapse from overbought conditions. Binary option trades favor a continuation of the move to the downside.
DAX 30 Index Equity Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance with an increase in negative momentum. The DAX 30 is expected to resume its counter-trend move. Binary option traders are advised to seek binary put options in the DAX 30 equity index on rallies above 9,950.00 on the H1 Hourly Chart. The downside potential for this binary put option is 65,000 pips to 9,300.00 while the upside potential is 24,000 pips to 10,190.00. This results in a risk/reward ratio of 2.71.

Key Fundamental Data:

China – The consumer price index (CPI) for the month of September rose by 1.6% year-over-year while the producer price index (PPI) contracted by 5.9%. Expectations called for an increase of 1.8% and a contraction of 5.9% following August’s increase of 2.0% and contraction of 5.9% respectively.
Eurozone – Expectations for the Finish CPI call for a contraction of 0.4% in September month-over-month and 0.3% year-over-year. This would represent a reversal over the 0.2% increase reported in August month-over-month and a worsening over the 0.2% contraction year-over-year.
Eurozone – The French CPI is called down by 0.2% in September month-over- month and 0.1% year-over-year following August’s increase of 0.3% and 0.0% respectively.
Eurozone – Economists anticipate the Spanish CPI to show a contraction of 0.3% in September month-over-month and 0.9% year-over-year. This would match the 0.3% contraction reported in August month-over-month and an increase in deflationary pressures over the 0.4% contraction year-over-year.
Eurozone – Expectations for the Italian CPI call for a contraction of 0.3% in September month-over-month, but for an increase of 0.3% year-over-year following the increase of 0.2% and 0.2% reported in August respectively.
United Kingdom – Initial jobless claims are anticipated to decrease by 2,200 in September with a claimant count rate of 2.3%. This would mark a turnaround over August’s increase of 1,200 initial jobless claims, but match the claimant count rate of 2.3%.
United Kingdom – The three-month-over-three month employment change is expected to show an increase of 140,000 for August following the increase of 42,000 released in July as the ILO unemployment rate is anticipated to remain unchanged at 5.5%. Average weekly earnings are set to rise by 3.1% and excluding bonuses by 3.0%. This would represent an increase over the 2.9% and 2.9% increase released for July.
Eurozone – Economists expect industrial production to drop by 0.5% in August month-over-month and to rise by 1.8% year-over-year. This would follow the increase of 0.6% and 1.9% reported in July.
Switzerland – The ZEW Economic Sentiment Index for October is called down to 8.1 from September’s level of 9.7.
United States – Expectations for advanced retail sales for September call for an increase of 0.2% which would match the increase released in August. Retail sales excluding autos are set to post a contraction of 0.1% while retail sales excluding autos and gas are anticipated to increase by 0.3%. This would follow August’s increase of 0.1% and 0.3% respectively. Retail sales in the control group are expected to rise by 0.3% after being reported at an increase of 0.4% in the previous month.
United States – Business inventories for August are favored to rise by 0.1%, matching the increase 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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