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BINARY OPTIONS INSIGHTS FOR OCTOBER 21ST 2015

GBP/USD 1.24505 11:10 24.01
EUR/USD 1.07290 11:10 24.01
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
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By: Adam Stone
October 21st, 2015 7:45am GMT, London UK

Market Recap & Outlook:

The German producer price index (PPI) for September showed an unexpected increase in deflation. The PPI posted a contraction of 0.4% month-over-month and 2.1% year-over-year. Economists expected a decrease of 0.2% and 1.8% respectively. September’s contraction represented an increase over the 0.5% contraction month-over-month and 1.7% year-over-year and is an unwelcome development for the European Central Bank which is stuck in the midst of its stimulus program.

The Netherlands reported an increase in consumer confidence for the month of October to a level of 8.00 while Belgian consumer confidence was reported at -8.00. This beat expectations for a level of 4.36 and -9.58 respectively. The data bettered September’s consumer confidence of 5.00 for the Netherlands and -10.00 for Belgium. This is a positive sign for the Eurozone economy as it could boost personal consumption. Today’s top binary options picks suggest a stronger Euro.

The Energy Information Agency (EIA) out of the United States will release its gasoline inventories for the week ending October 16th 2015. Economists anticipate a drawdown of 1,000,000 barrels which would follow the drawdown of 2,618,000 barrels reported in the week ending October 9th 2015. This could apply upward pressure on crude oil prices, following the corrective phase, late in the US trading session backed by a spike in volume.

Today’s Binary Option Trading Recommendations Overview:

NZD/USD – Binary Put Option
USD/JPY – Binary Put Option
EUR/GBP – Binary Call Option
Crude Oil – Binary Call Option
FTSE 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:

NZD/USD – The NZD/USD is currently trading inside a narrow triangle formation from where a breakdown is likely to emerge. The descending 50 Day Moving Average (DMA) is closing in on the ascending 200 DMA. The Accelerator Oscillator (AC) supports breakdown below its ascending support level while the Relative Strength Index (RSI) is trading in oversold conditions; a drop into extreme oversold levels is favored.
NZD/USD Binary Options Picks
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading above of its ascending support level and below of its descending resistance level. The NZD/USD is anticipated to break down and challenge its horizontal support level. Binary option traders are advised to seek binary put options in the NZD/USD currency pair on rallies above 0.6740 on the H1 Hourly Chart. The downside potential for this binary put option is 120 pips to 0.6620 while the upside potential is 60 pips to 0.6800. This results in a risk/reward ratio of 2.00.

USD/JPY – The USD/JPY is faced with an increase in downside pressure provided by its descending resistance level. The 50 DMA is moving to the upside and crossed above the sideways trending 200 DMA. The AC has formed a negative divergence suggesting a price action reversal. The RSI is trading in overbought territory as a result of the reversal from extreme overbought conditions which added to the build-up in negative momentum.
USD/JPY Currency Pair Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its descending resistance level, but above of its 200 DMA. The USD/JPY is expected to enter a corrective phase from current levels. Binary options traders are advised to seek binary put options in the USD/JPY currency pair on rallies above 119.800 on the H1 Hourly Chart. The downside potential for this binary put option is 180 pips to 118.000 while the upside potential is 55 pips to 120.350. This results in a risk/reward ratio of 3.27.

EUR/GBP – The EUR/GBP continues to drift to the upside following the breakout above its horizontal support level. The 50 DMA is trending lower and widening the gap to the 200 DMA which is drifting sideways. The AC favors further upside as positive momentum is accumulating in this currency pair. The RSI is trading in overbought conditions following the move to the upside from extreme oversold territory; a spike into extreme overbought levels is likely to follow.
EUR/GBP
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its 50 DMA. The EUR/GBP is anticipated to break out above its 200 DMA from where it can accelerate to the upside. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7370 on the H1 Hourly Chart. The upside potential for this binary call option is 120 pips to 0.7490 while the downside potential is 55 pips to 0.7315. This results in a risk/reward ratio of 2.18.

Today’s Commodity Trade

Crude OilCrude Oil has entered a sideways trend after reaching its horizontal support level and is stabilizing following its corrective phase. The descending 50 DMA maintain its positions below the 200 DMA as both moving averages continue to drift to the downside. The AC suggests a price action reversal in this commodity as upside pressure is on the rise and the RSI is trading in neutral territory after briefly dipping into oversold conditions.
Crude Oil Trading Commodity Price
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. Crude Oil is expected to reverse back into its horizontal resistance level. Binary option traders are advised to seek binary call options in Crude Oil on dips below 46.25 on the H1 Hourly Chart. The upside potential for this binary call option is 465 pips to 50.90 while the downside potential is 105 pips to 45.20. This results in a risk/reward ratio of 4.43.

Today’s Equity Index Recommendation

FTSE 100 – The FTSE 100 is experiencing an accumulation of downside pressure which resulted from the breakdown below its horizontal resistance level. The 50 DMA continues to trade above the 200 DMA as both moving averages are rising in tandem. The AC points towards a negative divergence and the RSI is trading in neutral conditions as a result of the drift lower from overbought territory. What is online trading? Online trading refers to trades placed remotely through the internet from virtually any location.
FTSE 100 Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level with an increase in downside pressure. The FTSE 100 is anticipated to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in the FTSE 100 equity index on rallies above 6,325.00 on the H1 Hourly Chart. The downside potential for this binary put option is 30,500 pips to 6,020.00 while the upside potential is 12,500 pips to 6,450.00. This results in a risk/reward ratio of 2.44.

Key Fundamental Data:

Japan – The merchandise trade balance for September posted a deficit of ¥114.5 billion following the downward revised deficit of ¥569.4 billion reported in the previous month. Expectations called for a trade surplus of ¥87.0 billion. Exports rose by 0.6% year-over-year while imports plunged 11.1%. Economists anticipated an increase of 3.6% and a contraction of 11.7% respectively. August’s data remained unrevised at an increase of 3.1% in exports and a decrease of 3.1% in imports.
New Zealand – Credit card spending contracted by 1.9% in September month-over-month, but rose 7.3% year-over-year. This represented a reversal over the upward revised increase of 1.4% and a slowdown over the downward revised increase of 10.4% reported in August.
Japan – Economists anticipate the All Industry Activity Index for the month of August to post a contraction of 0.2%. This would reverse the 0.2% increase which was reported in July.
Eurozone – Expectations for the Greek current account call for a surplus of €1.30 billion in August. This would represent a decrease as compared to July’s €4.25 billion surplus.
United Kingdom – Public sector net borrowing (PSNB) for the month of September is anticipated to clock in at £9.6 billion while PSNB excluding banking groups is called in at £10.1 billion. This would follow August’s borrowing of £11.3 billion and £12.1 billion respectively.
Turkey – The Central Bank of the Republic of Turkey (TCMB) is favored to leave its interest rate unchanged at 7.50% while the overnight lending rate is also expected to show no change from the current level of 10.75%.
Canada – The Bank of Canada will announce its interest rate decision which is likely to show no change from the 0.50% currently in place.
Brazil – The Brazilian central bank (BCB) is anticipated to announce no change in interest rates from its current level of 14.25%.

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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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