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BINARY OPTIONS INSIGHTS FOR NOVEMBER 17TH 2015

GBP/USD 1.25030 20:50 23.01
ALIBABA 98.255 20:45 23.01
GBP/USD 1.25057 20:40 23.01
BitCoin/CNY 6351.435 20:30 23.01
WELLS FARGO 54.405 20:30 23.01
TOYOTA (US) 118.250 20:30 23.01
COLGATE-PALMOLIVE 67.585 20:30 23.01
FERRARI 61.165 20:30 23.01
TSX 60 916.940 20:30 23.01
ALIBABA 98.210 20:30 23.01
BOEING 157.820 20:30 23.01
AUD/USD 0.75746 20:30 23.01
AUD/JPY 85.603 20:30 23.01
GBP/USD 1.25058 20:30 23.01
GENERAL ELECTRIC 29.645 20:30 23.01
S&P 500 2264.620 20:30 23.01
JP MORGAN CHASE 83.745 20:30 23.01
SILVER 17.171 20:30 23.01
AIG 65.535 20:30 23.01
USD/CAD 1.32506 20:30 23.01
GOLD 1215.815 20:30 23.01
DOW 19792.84 20:30 23.01
AUD/CAD 1.00366 20:30 23.01
DOLLAR INDEX-MAR17 100.135 20:30 23.01
3M 178.245 20:30 23.01
GOLD VS SILVER 70.8022 20:30 23.01
CITIGROUP 55.895 20:30 23.01
CITIGROUP VS AIG 0.85303 20:30 23.01
McDONALD'S 121.320 20:30 23.01
LAS VEGAS SANDS 55.485 20:30 23.01
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By: Adam Stone
November 17th, 2015 7:36am GMT, London UK

Market Recap & Outlook:

Rightmove House Prices out of the United Kingdom posted a contraction of 1.3% month-over-month, but an increase of 6.2% year-over-year. This represented a reversal from October’s increase of 0.6% month-over-month and an increase over the 5.6% growth rate year-over-year. A solid housing market is directly correlated with an increase in consumer spending. Binary options trading brokers show an overweight in call options for the British Pound.

The United States released a regional manufacturing report, the Empire Manufacturing Index which covers the New York Federal Reserve district, for the month of November. This economic report delivered another economic disappointment for the manufacturing sector in the US and was reported at a level of -10.74. Expectations called for a slowdown in the rate of contraction to -5.00 from October’s reading of -11.36.

Today’s consumer price index (CPI) out of the United Kingdom for the month of October is set to result in a volatility spike for the British Pound, supported by an increase in volume as the Bank of England is discussing an interest rate hike. The CPI is anticipated to increase by 0.1% month-over-month and to contract by 0.1% year-over-year following September’s contraction of 0.1% and 0.1% respectively. The core CPI, which excludes food and energy, is expected to match the previous month’s increase of 1.0% year-over-year.

Today’s Binary Option Trading Recommendations Overview:

GBP/JPY – Binary Put Option
EUR/GBP – Binary Call Option
EUR/CHF – Binary Call Option
Silver – Binary Call Option
FTSE 100 – Binary Call Option

Currency Pairs on today’s Radar Screen:

GBP/JPY – The GBP/JPY is faced with an increase in negative pressure provided by its horizontal resistance level which has previously forced a price action reversal. The 50 Day Moving Average (DMA) maintains its positions above the 200 DMA. The Accelerator Oscillator (AC) shows the decrease in negative momentum and the Relative Strength Index (RSI) is trading in overbought conditions after the advance from oversold territory.
GBP/JPY Binary Options Currency Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The GBP/JPY is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the GBP/JPY currency pair on rallies above 187.000 on the H1 Hourly Chart. The downside potential for this binary put option is 285 pips to 184.150 while the upside potential is 70 pips to 187.700. This results in a risk/reward ratio of 4.07.

EUR/GBP – The EUR/GBP has entered its horizontal support level which ended to move to the downside from where a counter-trend advance is anticipated. The downside drifting 50 DMA continues to trade below the descending 200 DMA. The AC supports an advance in this currency pair due to the uptrend in positive momentum with while the RSI is trading in neutral territory as a result of the move to the upside from oversold conditions.
EUR/GBP Trade now the Euro
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. The EUR/GBP is expected to push through its 200 DMA in order to accelerate to the upside. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7040 on the H1 Hourly Chart. The upside potential for this binary call option is 155 pips to 0.7195 while the downside potential is 55 pips to 0.6985. This results in a risk/reward ratio of 2.82.

EUR/CHF – The EUR/CHF drifted down into its ascending support level which emerged from its intra-day low of 1.0755 recorded on November 12th 2015. The 50 DMA is moving lower and crossed below the 200 DMA which is flattening out. The AC indicates the build-up in upside momentum. The RSI is trading in oversold conditions following the move lower from overbought territory; a reversal into extreme overbought levels is likely to follow.
EUR/CHF Binary Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its ascending support level. The EUR/CHF is anticipated to spike back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/CHF currency pair on dips below 1.0785 on the H1 Hourly Chart. The upside potential for this binary call option is 60 pips to 1.0845 while the downside potential is 30 pips to 1.0755. This results in a risk/reward ratio of 2.00.

Today’s Commodity Trade

SilverSilver is depleting negative momentum inside of its horizontal support level. The sideways drifting 50 DMA remains below the 200 DMA which continues to descend. The AC points towards the formation of a positive divergence in this precious metal. The RSI is trading in neutral territory after descending from overbought conditions. Binary options trade recommendations favor an advance from current levels.
Silver 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. Silver is expected to complete a 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 14.400 on the H1 Hourly Chart. The upside potential for this binary call option is 95 pips to 15.350 while the downside potential is 40 pips to 14.400. This results in a risk/reward ratio of 2.38.

Today’s Equity Index Recommendation

FTSE 100 – The FTSE 100 bounced to the upside after reaching its most recent intra-day low of 6,051.50 yesterday on November 16th 2015 which led to a breakout above its horizontal support level. The 50 DMA has widened the gap to the 200 DMA as both moving averages are descending. The AC confirmed the price spike with a build-up in upside pressure. The RSI is trading in overbought conditions as a result of the move higher from extreme oversold territory.
FTSE 100 Index Price Chart
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level. The FTSE 100 is anticipated to extend its breakout into its horizontal resistance level. Binary option traders are advised to seek binary call options in the FTSE 100 equity index on dips below 6,220.00 on the H1 Hourly Chart. The upside potential for this binary call option is 24,000 pips to 6,460.00 while the downside potential is 12,000 pips to 6,100.00. This results in a risk/reward ratio of 2.00.

Key Fundamental Data:

Indonesia – The Indonesian central bank, the Bank Sentral Republik Indonesia, is favored to leave its three rates unchanged; the interest rate at 7.5%, the lending facility rate at 8.0% and the deposit facility rate at 5.5%.
Eurozone – Economists anticipate the Italian balance of trade to print a surplus of €4.00 billion for the month of September after the €1.85 billion surplus which was reported in August.
Norway – Expectations for the third-quarter gross domestic product (GDP) call for an increase of 0.1% quarter-over-quarter and 1.7% year-over-year. This would represent a reversal over the previous GDP report’s contraction of 0.1% quarter-over-quarter, but a slowdown over the 2.2% growth rate year-over-year.
United Kingdom – The producer price index (PPI) input is set to rise by 0.2% in October month-over-month and to contract by 12.0% year-over-year following September’s increase of 0.6% and contraction of 13.3% respectively. The PPI output is expected to decrease by 0.1% month-over-month and 1.4% year-over-year. This would match the previous month’s contraction of 0.1% month-over-month and represent a slowdown in deflationary pressures over the 1.8% drop year-over-year. The core PPI output, which excludes food and energy, is favored to come in at 0.0% month-over-month and at an increase of 0.4% year-over-year after posting an increase of 0.1% and 0.2% in September respectively.
United Kingdom – Economists anticipate the retail price index (RPI) for October to show an increase of 0.1% month-over-month and 0.9% year-over-year. This would mark a reversal over September’s contraction of 0.1% month-over-month and an increase over the 0.8% rise year-over-year.
Eurozone – Expectations for the Eurozone ZEW Economic Sentiment Index for November call for a reading of 25.4 after being reported at 30.1 in the previous month. The German ZEW Economic Sentiment Index is anticipated to rise to 6.0 from October’s 1.9 while the German ZEW Current Situation Index is favored to remain unchanged at 55.2.
Russia – Industrial production is set to come in at a contraction of 4.0% in October year-over-year following September’s contraction of 3.7%.
United States – Economists expect the consumer price index (CPI) for October to rise by 0.2% month-over-month and by 0.1% year-over-year. This would mark a turnaround from the previous month’s contraction of 0.2% and 0.0% respectively. Excluding food and energy, the core CPI is set to match September’s increase of 0.2% month-over-month and 1.9% year-over-year.
United States – Expectations for October industrial production call for an increase of 0.1% while manufacturing production is anticipated to rise by 0.2% following September’s contraction of 0.2% and 0.1% respectively. Capacity utilization is favored to show no change from the previous month’s level of 77.5%.

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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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