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BINARY OPTIONS INSIGHTS FOR NOVEMBER 12TH 2015

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By: Adam Stone
November 12th, 2015 7:02am GMT, London UK

Market Recap & Outlook:

Japan released its Reuters Tankan Index for the month of November which dropped to a level of 3, down 4 points from October’s reading of 7. In addition, machine tool orders for October plunged 23.1% year-over-year after posting a 19.1% contraction in September. What is binary options trading system analysis? It is the review and testing of various trading systems developed for the binary options market in order to compare them against each other.

Retail sales in China rose by 11.0% in October year-over-year which beat expectations for no change from September’s increase of 10.9%. This better-than expected data excluded results from yesterday’s Singles Day sales in China which will be reflected in next month’s report. Industrial production slowed down to 5.6% year-over-year. This was below expectations for an increase of 0.1% to 5.8% from September’s increase of 5.7%.

Today’s trading session will feature speeches by four central bank presidents in the United States. James Bullard, President of the Federal Reserve Bank of St. Louis, will deliver a speech in Washington, DC on monetary policy. Jeffrey Lacker, President of the Federal Reserve Bank of Richmond, will participate in a monetary policy panel. Charles Evans, President of the Federal Reserve Bank in Chicago, will hold a speech on Economy and Policy in Chicago. William Dudley, President of the Federal Reserve Bank of New York, will hold a speech on Economy and Policy in New York. The US Dollar could be exposed to a rise in volatility.

Today’s Binary Option Trading Recommendations Overview:

AUD/USD – Binary Put Option

USD/JPY – Binary Put Option
USD/CHF – Binary Put Option
Crude Oil – Binary Call Option
S&P 500 – Binary Call Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD spiked into its descending resistance level following the release of the October employment report. The 50 Day Moving Average (DMA) is ascending below the sideways trending 200 DMA. The Accelerator Oscillator (AC) advanced together with price action, but is favored to reverse from its peak while the Relative Strength Index (RSI) is trading in extreme overbought territory from where a breakdown is anticipated.
AUD/USD Binary Options Analysis
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below its descending resistance level. The AUD/USD is expected to collapse into its horizontal support level. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7120 on the H1 Hourly Chart. The downside potential for this binary put option is 105 pips to 0.7015 while the upside potential is 35 pips to 0.7155. This results in a risk/reward ratio of 3.00.

USD/JPY – The USD/JPY completed a breakdown below its horizontal support level as well as below of its 50 DMA. The descending 50 DMA is decreasing the distance to the 200 DMA which is moving higher. The AC indicates the loss in upside pressure in this currency pair. The RSI is trading in neutral conditions following the reversal from extreme overbought territory which has additionally boosted the build-up in negative momentum.
USD/JPY Pair Currencies Chart
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below its horizontal resistance level and below its 50 DMA. The USD/JPY is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the USD/JPY currency pair on rallies above 122.700 on the H1 Hourly Chart. The downside potential for this binary put option is 220 pips to 120.500 while the upside potential is 90 pips to 123.600. This results in a risk/reward ratio of 2.44.

USD/CHF – The USD/CHF has entered a sideways trend following the breakdown below its horizontal resistance level which broke the preceding uptrend. The 50 DMA is trending sideways, but remains above the ascending 200 DMA. The AC shows the build-up in downside pressure and the RSI is trading in neutral territory as a result of the collapse from overbought conditions; a drop into extreme oversold levels is anticipated.
USD/CHF Binary Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below its 50 DMA, but above its 200 DMA. The USD/CHF is expected to trend down into its 200 DMA from where a breakdown is likely to emerge. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 1.0010 on the H1 Hourly Chart. The downside potential for this binary put option is 175 pips to 0.9835 while the upside potential is 75 pips to 1.0085. This results in a risk/reward ratio of 2.33.

Today’s Commodity Trade

Crude OilCrude Oil is testing the strength of its newly formed horizontal support level from where downside pressure is fading. The descending 50 DMA maintains its position below the 200 DMA which is moving lower as well. The AC has formed a positive divergence as the RSI is trading in neutral conditions after the reversal from extreme oversold territory. Trade options online completely free of charge and increase your profits on each trade.
Crude Oil Commodity Price
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level with an increase in positive momentum. Crude Oil is anticipated to enter a counter-trend move to the upside. Binary option traders are advised to seek binary call options in Crude Oil on dips below 43.50 on the H1 Hourly Chart. The upside potential for this binary call option is 480 pips to 48.30 while the downside potential is 90 pips to 42.60. This results in a risk/reward ratio of 5.33.

Today’s Equity Index Recommendation

S&P 500 – The S&P 500 was guided lower by its bearish price channel and has now approached its horizontal support level from where a price action reversal is anticipated. The 50 DMA is drifting sideways and continues to trade below the 200 DMA which is descending. The AC supports an advance as positive momentum is accumulating. The RSI is trading in neutral territory following the drop from overbought conditions.
SP 500 Equity Index
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its bearish price channel. The S&P 500 is expected to complete a breakout above its descending resistance level and accelerate to the upside. Binary option traders are advised to seek binary call options in the S&P 500 equity index on dips below 2,085.00 on the H1 Hourly Chart. The upside potential for this binary call option is 3,000 pips to 2,115.00 while the downside potential is 1,500 pips to 2,070.00. This results in a risk/reward ratio of 2.00.

Key Fundamental Data:

Japan – The domestic corporate goods price index for October posted a contraction of 0.6% month-over-month and 3.8% year-over-year. Expectations called for a decrease of 0.4% and 3.5% respectively following September’s upward revised drop of 0.6% month-over-month and 4.0% year-over-year.
Japan – Machine orders rose 7.5% in September month-over-month and contracted 1.7% year-over-year after posting a contraction of 5.7% and 3.5% in August. Economists anticipated an increase of 3.1% and a contraction of 4.6%.
Japan – Bond holders in Japan added ¥1,034.7 billion worth of foreign bonds as equity investors sold ¥34.0 billion worth of foreign stocks in the week ending November 6th 2015. This followed the purchase of ¥882.8 billion worth of foreign bonds and the addition of ¥173.0 billion worth of foreign stocks which was reported in the week ending October 30th 2015.
Australia – November consumer inflation expectations clocked in at 3.5% matching October’s increase of 3.5%.
Australia – The labor market created 58,600 new jobs in October which reversed the previous month’s downward revised contraction of 800 jobs. Expectations called for the addition of 15,000 jobs. The unemployment rate dropped to 5.9% from 6.2% while the labor force participation rate rose to 65.0% from 64.9%; the consensus estimate called for no change. 40,000 full-time positions were added and 18,600 part-time jobs were created. This followed September’s downward revised loss of 10,400 full-time positions and the upward revised addition of 9,600 part-time jobs.
Australia – Credit card purchases for the month of September rose by A$24.8 billion as credit card balances clocked in at A$50.8 billion. This followed August’s data which showed credit card purchases at A$24.4 billion and credit card balances at A$50.6 billion.
South Korea – The Bank of Korea (BoK), the central bank of South Korea, kept interest rates unchanged at 1.50%.
United States – Economists expect initial jobless claims for the week ending November 7th 2015 to decrease by 6,000 to 270,000 from the previous week’s level of 276,000. Continuing claims for the week ending October 31st 2015 are anticipated to rise by 2,000 to 2,165,000 from 2,163,000.
United States – The Energy Information Agency (EIA) is set to report a contraction of 600,000 barrels in its crude oil inventories for the week ending November 6th 2015 while gasoline inventories are favored to post a contraction of 600,000 barrels as well. This would follow the previous week’s build-up of 2,847,000 barrels and draw-down of 3,300,000 barrels respectively.

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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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