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BINARY OPTIONS INSIGHTS FOR OCTOBER 23RD 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
October 23rd, 2015 7:33am GMT, London UK

Market Recap & Outlook:

The National Australian Bank (NAB) Business Confidence Index for the third-quarter of 2015 dropped to a level of 0 following the third-quarter of 2014 reading 4. The Australian Dollar came under pressure following the release as a decrease in business confidence could translate into a loss in business investment as well as hiring at a time the economy is trying to adjust away from the mining sector and the slump in commodity prices.

Retail sales out of the United Kingdom for the month of September came in much better than the 0.4% increase month-over-month and 4.7% year-over-year anticipated by economists. The released report showed a surge of 1.7% and 5.9% respectively. Adding to the positive report was the revision to August which now reflects a downward revised contraction 0.7% month-over-month and an upward revised increase of 3.2%.

The United States will report its preliminary Markit Manufacturing report for October. Expectations call for a level of 52.9 which would represent a minor slowdown as compared to September’s final revision of 53.1. Regional reports showed an overall trend to disappoint and the risk remains to the downside for this report as well. Binary option trading services suggest a spike in volatility for the US Dollar following the release in a light trading session.

Today’s Binary Option Trading Recommendations Overview:

AUD/USD – Binary Call Option
GBP/JPY – Binary Put Option
EUR/USD – Binary Call Option
Gold – Binary Call Option
S&P 500 – Binary Put Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD broke out above its horizontal support level which changed momentum from negative to positive. The descending 50 Day Moving Average (DMA) continues to trade below the 200 DMA which is moving to the downside as well. The Accelerator Oscillator (AC) supports an extension of the breakout while the Relative Strength Index (RSI) is trading in neutral territory after advancing from extreme oversold conditions.
AUD/USD Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. The AUD/USD is anticipated to complete a breakout above its 200 DMA and advance further. Binary option traders are advised to seek binary call options in the AUD/USD currency pair on dips below 0.7245 on the H1 Hourly Chart. The upside potential for this binary call option is 120 pips to 0.7365 while the downside potential is 60 pips to 0.7185. This results in a risk/reward ratio of 2.00.

GBP/JPY – The GBP/JPY is validating its newly formed horizontal resistance level from where a counter-trend move to the downside is likely to develop. The 50 DMA maintains its position above the 200 DMA as both moving averages are ascending. The AC has formed a negative divergence favoring a reversal in this currency pair. The RSI is trading in overbought conditions as a result of the breakdown from extreme overbought territory.
GBP/JPY Trade now
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 GBP/JPY is expected to drift down into tis 200 DMA from where a breakdown is anticipated. Binary option traders are advised to seek binary put options in the GBP/JPY currency pair on rallies above 185.800 on the H1 Hourly Chart. The downside potential for this binary put option is 395 pips to 181.850 while the upside potential is 150 pips to 187.300. This results in a risk/reward ratio of 2.63.

EUR/USD – The EUR/USD is stabilizing inside of its horizontal support level following the steep corrective phase it was exposed to during yesterday’s trading session. The descending 50 DMA is widening the gap to the descending 200 DMA. The AC has recovered from its lows and shows a spike in upside momentum. The RSI is trading in extreme oversold territory from where a breakout is favored to lead trend reversal.
EUR/USD Binary Options
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. The EUR/USD is anticipated to retrace its move to the downside. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.1120 on the H1 Hourly Chart. The upside potential for this binary call option is 375 pips to 1.1495 while the downside potential is 120 pips to 1.1000. This results in a risk/reward ratio of 3.13.

Today’s Commodity Trade

GoldGold is trapped inside its narrow triangle formation from where a breakout is anticipated. The 50 DMA is moving to the downside and crossed below the 200 DMA which is moving to the upside. The AC suggests a price action reversal as upside momentum is accumulating and the RSI is trading in neutral conditions following the move higher after briefly dipping into extreme oversold territory; a spike into extreme overbought levels is likely to follow.
Gold Price Chart
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its triangle formation. Gold is expected to breakout above its descending resistance level from where more upside is favored. Binary option traders are advised to seek binary call options in Gold on dips below 1,170.00 on the H1 Hourly Chart. The upside potential for this binary call option is 2,150 pips to 1,191.50 while the downside potential is 735 pips to 1,162.65. This results in a risk/reward ratio of 2.93.

Today’s Equity Index Recommendation

S&P 500 – The S&P 500 has spiked into its horizontal resistance level from its intra-day low of 2,014.75 reached on October 21st 2015. The ascending 50 DMA remains above the 200 DMA which is drifting higher. The AC points towards the collapse in upside pressure in this equity index as the RSI is trading in extreme overbought territory which is not sustainable. Stocks and options contracts indicate a counter-trend reversal.
SP 500 Index Price
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level from where negative momentum is increasing. The S&P 500 is anticipated to enter corrective phase and retrace back down into its horizontal support level. Binary option traders are advised to seek binary put options in the S&P 500 equity index on rallies above 2,055.00 on the H1 Hourly Chart. The downside potential for this binary put option is 6,500 pips to 1,990.00 while the upside potential is 2,500 pips to 2,080.00. This results in a risk/reward ratio of 2.60.

Key Fundamental Data:

South Korea – The advanced gross domestic product (GDP) for the third-quarter was released and showed a growth rate of 1.2% quarter-over-quarter and 2.6% year-over-year. This came in above expectations for an increase of 1.0% and 2.5% following the previous report’s level of 0.3% and 2.2% respectively.
Japan – Economist’s anticipate the preliminary Nikkei Manufacturing PMI for October to decrease by 0.5 points to 50.5 from September’s level of 51.0.
Malaysia – The inflation rate for September is set to decrease to 3.0% year-over-year following August’s level of 3.1%.
Japan – The final reading to the August Coincident Index as well as Leading Index favors a downward revision from 113.1 to 112.5 and from 105.0 to 103.5 respectively.
Singapore – Expectations for the consumer price index (CPI) to post a contraction of 0.1% month-over-month and 0.7% year-over-year in September. This would represent a reversal over August’s increase of 0.1% month-over-month, but a decrease over the 0.8% contraction year-over-year.
Eurozone – Austrian industrial production is favored to increase by 0.7% in August year-over-year after being reported at an increase of 1.3% in the previous month.
Eurozone – The preliminary report on the French Composite PMI for October is set to show no change from September’s level of 51.9. The Manufacturing PMI is expected to decrease by 0.4 points to a level of 50.2 while the Services PMI is called in at a level of 51.7 from September’s reading of 51.9.
Eurozone – The German preliminary Composite PMI is anticipated to drop to 53.7 in October, down 0.4 points over September’s 54.1 as the Manufacturing PMI is expected to decrease by 0.6 points to a level of 51.7. The Services PMI is set to come in at 53.9 over the previous month’s level of 54.1.
Eurozone – The Composite PMI is expected is expected at a level of 53.4 for October, down 0.2 points from September’s reading of 53.6 in today’s preliminary report. The Manufacturing PMI is anticipated to decrease by 0.3 points to 51.7 and the Services PMI is favored to fall by 0.2 points to 53.5.
Taiwan – Industrial production for September year-over-year is anticipated to post a contraction of 3.60% which would represent a slowdown in the rate of contraction over August’s level of 5.46%.
Eurozone – Economists expect an increase of 0.1% month-over-month and a contraction of 2.1% year-over-year in August out of Belgian industrial production following July’s increase of 0.1% and contraction of 1.7% respectively.
Eurozone – Retail sales out of Italy are set to rise by 0.3% in August month-over-month and 1.5% year-over-year after being reported at 0.4% and 1.7% 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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