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BINARY OPTIONS INSIGHTS FOR OCTOBER 8TH 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 8th, 2015 9:14am GMT, London UK

Market Recap & Outlook

Industrial production in Germany posted an unexpected contraction of 1.2% for August month-over-month and a smaller than expected increase of 2.3% year-over-year which mirrored the report in factory orders. Economists expected an increase of 0.2% and 3.3% respectively. July’s figure was revised upwards and now reflects an increase of 1.2% month-over-month and 0.8% year-over-year. The past two months show no gain in industrial production which is a troublesome sign for the German economy heavily dependent on its industrial sector for exports.

The Canadian housing market performed much worse than anticipated as measured by building permits which posted a contraction of 3.7% in August month-over-month. Economists expected an increase of 0.3%, but July’s figure was revised higher to an increase of 0.7%. The housing sector plays a vital role in the Canadian economy, second only to the commodity sector. A binary option trading tutorial is recommended for new traders.

Late in today’s United States trading session the Federal Open Market Committee (FOMC) of the Federal Reserve will release minutes from its latest meeting which was held between September 16th 2015 and September 17th 2015 at which no action was taken. Given the dismal non-farm payrolls (NFP) report for September as well as other economic reports which suggests a strong slowdown in economic activity, it is likely that the minutes will indicate further delays in a change of monetary policy. This is expected to push the US Dollar to the downside on heavy volume following the release.

Today’s Binary Option Trading Recommendations Overview:
• GBP/USD – Binary Put Option
• EUR/CHF – Binary Put Option
• USD/CAD – Binary Call Option
• Silver – Binary Put Option
• S&P500 – Binary Put Option

Currency Pairs on today’s Radar Screen:

GBP/USD – The GBP/USD is validating the strength of its horizontal resistance level from where a counter-trend move is anticipated. The 50 Day Moving Average (DMA)is moving higher and widening the gap to theascending 200 DMA. The Accelerator Oscillator (AC) has formed a negative divergence and the Relative Strength Index (RSI) is trading in overboughtterritory following the breakdown from extreme overbought conditions.

GBP/USD

Today’s Binary Options Trading Strategy: Put Option

Price action is now trading inside of its horizontal resistance level with an increase in downside pressure. The GBP/USD is expected to complete a breakdown and accelerate to the downside. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.5300 on the H1 Hourly Chart. The downside potential for this binary put option is 200 pips to 1.5100 while the upside potential is 60 pips to 1.5360. This results in a risk/reward ratio of 3.33.

EUR/CHF– The EUR/CHF spiked higher from its intra-day low of 1.0865 which was reached on October 7th 2015. The ascending 50 DMAmaintains its positions below the200 DMA which started to drift to the upside. The AC confirmed the price spike, but started to retreat from its peak as downward pressure is on the rise.The RSI is trading in overbought conditions after descending from extreme overbought territory.

EURCHF

Today’s Binary Options Trading Strategy: Put Option

Price action is currently trading below of its horizontal resistance level. The EUR/CHF is anticipated to drift down into its 200 DMA from where more downside is likely to emerge. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.0930 on the H1 Hourly Chart. The downside potential for this binary put option is 65 pips to 1.0865 while the upside potential is 30 pips to 1.0960. This results in a risk/reward ratio of 2.17.

USD/CAD – The USD/CADstabilized inside of its horizontal support level and was able to breakout above it which resulted in a momentum change to positive. The 50 DMAcontinues to trade below the200 DMA and both moving averages are descending. The AC supports a continuation of the move higher while theRSI is trading inneutralterritory as a result of its advance after briefly dipping into extreme oversold conditions.

USDCAD

Today’s Binary Options Trading Strategy: Call Option

Price action is now trading above of its horizontal support level. The USD/CAD is expected to move into its 200 DMA from where a breakout is favored. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3090 on the H1 Hourly Chart. The upside potential for this binary call option is 365 pips to 1.3455 while the downside potential is 120 pips to 1.2970. This results in a risk/reward ratio of 3.04.

Today’s Commodity Trade

Silver – Silver collapsed below its horizontal resistance level. The50 DMA has flattened out and remains above the200 DMAwhich is moving to the upside. The AC shows the formation of a negative divergence in this precious metalprior to the breakdown, which suggestedan end of the advance. The RSI is trading in oversoldconditions following the move lower from extreme overbought territory and a contraction into extreme oversold levels is favored.

Silver

Today’s Binary Options Trading Strategy: Put Option

Price action is currently trading below of its horizontal resistance level. Silveris anticipated to resume its corrective phase from current levels. Binary option traders are advised to seek binary put options in the Silveron rallies above 15.550 on the H1 Hourly Chart. The downside potential for this binary put option is 115 pips to 14.400 while the upside potential is 55 pips to 16.100. This results in a risk/reward ratio of 2.09.

Today’s Equity Index Recommendation

S&P 500 – The S&P 500 is trading inside of its horizontal resistance level and is faced with an increase negative momentum.The 50 DMA started to flatten out above the ascending200 DMA. The AC has formeda negative divergence asthe RSI is trading in neutral territory after drifting lower from extreme overbought conditions. How to trade option contracts is straight forward and carries very low transaction costs.

SP 500

Today’s Binary Options Trading Strategy: Put Option

Price action is now trading inside of its horizontal resistance levelfrom where upside pressure is fading. The S&P 500 is expected to breakdown from current levels and accelerate to the downside. Binary option traders are advised to seek binary put options in the S&P 500 equity index on rallies above 1,985.00 on the H1 Hourly Chart. The downside potential for this binary put option is 11,475 pips to 1,870.25 while the upside potential is 5,775 pips to 2,042.75. This results in a risk/reward ratio of 1.99.

Key Fundamental Data:

Switzerland – The Swiss unemployment rate is anticipated to remain unchanged in September from August’s level of 3.2%.

Eurozone – Expectation for the Finish trade surplus call for a level of €80.5 million in the month of August. This would mark a small improvement over July’s trade surplus of €80.0 million.

Eurozone– Economists anticipate the German trade surplus to come in at €19.0 billion for August following the €26.0 billion trade surplus reported in July. Exports are expected to post a contraction of 0.9% month-over-month while imports are called down by 0.6%. This would represent a reversal over the 2.5% and 2.3% increase which was reported in July respectively. The German current account surplus is favored to decrease to Є16.7 billion in August from July’s surplus of €23.4 billion.

Eurozone – Expectation for the Dutch inflation rate for September call for a level of 0.7% year-over-year following August’s increase of 0.8%.
Eurozone – The Greek trade deficit is anticipated to come in at €1.18 billion in August. This would mark an increase over the €0.71 billion trade deficit which was reported in July. In addition, the Greek unemployment rate for July is expected to decrease by 0.2% to 25.0% from June’s level of 25.2%.

Eurozone – Economists expect the Irish consumer price index (CPI) for the month of September to post a contraction of 0.2% month-over-month and 0.1% year-over-year. This would confirm a pick-up in deflation over August’s increase of 0.4% and 0.0% respectively.

United Kingdom – The Bank of England’s Monetary Policy Committee (MPC) is anticipated to keep interest rates unchanged at 0.50% and leave the Asset Purchase Target of £375 billion in place.
Eurozone – The European Central Bank (ECB) will release its minutes from the latest policy meeting where a confirmation of the current monetary policy as well as quantitative easing program is favored.

Canada – Expectations for housing starts call for a decrease to 202,500 starts in September after being reported at 216,900 starts in August.
Canada – Economists anticipate the New House Price Index to post an increase of 0.2% month-over-month in August and 1.3% year-over-year. This would follow July’s increase of 0.1% and 1.3% respectively.
United States – Initial jobless claims for the week ending October 3rd 2015 are expected to decrease by 3,000 to 274,000 and continuing claims are anticipated to increase by 12,000 to 2,203,000 for the week ending September 26th 2015.

United States – The Federal Reserve will release minutes from its latest policy meeting which are expected to show a more dovish central bank than previously expected. The minutes could signal no increase in interest rates for 2015 amid an economic downturn.

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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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