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BINARY OPTIONS INSIGHTS FOR OCTOBER 20TH 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 20th, 2015 7:16am GMT, London UK

Market Recap & Outlook:

China released its third-quarter gross domestic product (GDP) for 2015 which posted an increase of 1.8% quarter-over-quarter and 6.9% year-over-year. This matched expectations for a growth rate of 1.8% and came in slightly better than the 6.8% increase respectively. The second-quarter GDP remained unrevised at an increase of 1.8% quarter-over-quarter and 7.0% year-over-year. A GDP figure below 7.0%, if it persists, could put pressure on the Chinese government to stimulate the economy.

The GDP out of Russia for the month of September posted a contraction of 3.8%. This marked a slowdown in the rate of contraction over August’s decrease of 4.6% and beat economists’ expectations for a contraction of 4.5%. Adding to the better-than-expected economic data out of Russia was the decrease in the unemployment rate for September to 5.2% from the 5.3% reported in the previous month. Expectations called for no change.

Today’s current account data out of the Eurozone is anticipated to post a surplus of €27.7 billion for August. This would mark a smaller surplus over July’s surplus of €33.8 billion. The smaller twin surpluses out of the Eurozone are yet another sign of the global economic slowdown and need to be monitored over the next few months. A growing number of options trading services indicate a stronger Euro following the release of this report.

Today’s Binary Option Trading Recommendations Overview:

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

Currency Pairs on today’s Radar Screen:

USD/JPY – The USD/JPY bounced into its descending resistance level which originated from its intra-day high of 120.339 recorded on October 9th 2015. The ascending 50 Day Moving Average (DMA) is narrowing the gap to the descending 200 DMA. The Accelerator Oscillator (AC) has formed a negative divergence as the Relative Strength Index (RSI) is trading in neutral conditions as a result of the drift lower from overbought territory.
USD/JPY Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level. The USD/JPY is expected to reverse back down into its horizontal support level. Binary option traders are advised to seek binary put options in the USD/JPY currency pair on rallies above 119.400 on the H1 Hourly Chart. The downside potential for this binary put option is 140 pips to 118.000 while the upside potential is 60 pips to 120.000. This results in a risk/reward ratio of 2.33.

EUR/USD – The EUR/USD has collapsed from its horizontal resistance level and is now stabilizing near its ascending support level. The 50 DMA is moving to the downside and crossed below the 200 DMA which is trending higher. The AC indicates the formation of a positive divergence in this currency pair. The RSI is trading in neutral territory following the breakout from extreme oversold conditions which has added to the build-up in upside momentum.
EUR/USD Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its ascending support level. The EUR/USD is anticipated to push above its 200 DMA from where this currency pair can advance into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.1350 on the H1 Hourly Chart. The upside potential for this binary call option is 145 pips to 1.1495 while the downside potential is 50 pips to 1.1300. This results in a risk/reward ratio of 2.90.

USD/CHF – The USD/CHF is trading inside a shallow bullish price channel which formed as a result of the breakout above its horizontal support level. The ascending 50 DMA continues to trade below the 200 DMA which is moving to the downside. The AC supports a continuation in the advance and the RSI is trading in neutral conditions after advancing from extreme oversold territory; a move into extreme overbought levels is anticipated.
USD/CHF Trade Now
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its bullish price channel. The USD/CHF is expected to extend the breakout above its horizontal support level until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CHF currency pair on dips below 0.9575 on the H1 Hourly Chart. The upside potential for this binary call option is 155 pips to 0.9730 while the downside potential is 75 pips to 0.9500. This results in a risk/reward ratio of 2.07.

Today’s Commodity Trade

SilverSilver started to drift higher after reaching its intra-day low of 15.741 yesterday on October 19th 2015. The 50 DMA is descending, but maintains its position above the 200 DMA which is drifting sideways with a negative bias. The AC points towards an increase in upside pressure for this precious metal. The RSI is trading in oversold territory from where breakout is likely. How to trade binary option contracts? They are available from inside the trading platform and all traders need to do is select the expiry time as well as direction and desired amount.
Silver Binary Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading just above of its ascending support level, but below of its 200 DMA. Silver is anticipated to breakout above its 200 DMA from where more upside is favored. Binary option traders are advised to seek binary call options in Silver on dips below 15.850 on the H1 Hourly Chart. The upside potential for this binary call option is 35 pips to 16.200 while the downside potential is 15 pips to 15.700. This results in a risk/reward ratio of 2.33.

Today’s Equity Index Recommendation

CAC 40 – The CAC 40 broke down below of its horizontal resistance level and is now faced with an increase in downside pressure. The 50 DMA remains above the 200 DMA and both moving averages continue to move to the upside. The AC favors a price action reversal due to the formation of a negative divergence while the RSI is trading in neutral conditions following the reversal from overbought conditions.
CAC 40 Index Price Chart
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading just below of its horizontal resistance level. The CAC 40 is expected to accelerate back down into its horizontal support level. Binary option traders are advised to seek binary put options in the CAC 40 equity index on rallies above 4,680.0 on the H1 Hourly Chart. The downside potential for this binary put option is 36,500 pips to 4,315.0 while the upside potential is 6,500 pips to 4,745.0. This results in a risk/reward ratio of 5.62.

Key Fundamental Data:

Eurozone – Expectations for consumer confidence out of the Netherlands in October call for a level of 4.36 after being reported at 5.00 in September. Household consumption for September is anticipated to post an increase of 1.5% year-over-year which would represent an improvement of 0.2% over August’s increase of 1.3%.
Eurozone – The Finish unemployment rate for September is called down to 8.2% from August’s level of 8.3%.
Eurozone – Economists anticipate the German producer price index (PPI) to post a contraction of 0.2% in September month-over-month and 1.8% year-over-year. This would follow August’s contraction of 0.5% and 1.7% respectively.
Switzerland – The trade surplus for the month of September is called in at CHF3.27 billion. This would mark an increase over the CHF2.86 billion surplus which was reported in August.
Eurozone – Expectations for the Spanish trade deficit for August call for a level of €1.8 billion following July’s deficit of €1.4 billion.
Eurozone – The Italian current account surplus is anticipated to decrease to €2.201 billion in August from July’s surplus of €6.647 billion. The Portuguese current account is set to post a deficit of €196.4 million in in August following July’s surplus of €953.8 million.
United States – Housing starts are expected to rise by 1.9% to 1.147 million units in September while building permits are anticipated to contract by 0.4% to 1.165 million permits. This would follow August’s contraction of 3.0% to 1.126 million units and increase of 3.5% to 1.170 million permits respectively.
Eurozone – Belgian consumer confidence for October is called in at a level of -9.58 after being reported at -10.00 in September.

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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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