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BINARY OPTIONS INSIGHTS FOR NOVEMBER 20TH 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
November 20th, 2015 7:37am GMT, London UK

Market Recap & Outlook:

The United Kingdom released its retail sales data for October which posted a contraction of 0.9% month-over-month and an increase of 3.0% year-over-year. This followed September’s upward revised increase of 1.5% and 5.7% respectively. Economists anticipated a contraction of 0.6% and an increase of 3.9%. Including automobile and gasoline sales, retail sales contracted 0.6% month-over-month and rose 3.8% year-over-year. Expectations called for a contraction of 0.5% and an increase of 4.5% after the previous month’s upward revised increase of 1.7% and 6.2% respectively.

Wholesale sales in Canada unexpectedly decreased by 0.1% in September month-over-month. This matched the 0.1% contraction which was reported in August while economists expected an increase of 0.2%. This showed the Canadian economy continues to struggle from the fallout of low commodity prices which spread through other sectors in the economy. How to option trade with no transaction costs? GOptions offers one of the most comprehensive trading platforms available today.

Public sector net borrowing (PSNB) for the month of October in the United Kingdom is called in at £5.3 billion and PSNB excluding banking groups is anticipated at £6.0 billion. This would represent a decrease in the amount the UK government borrowed over September’s PSNB figure of £8.6 billion and PSNB excluding banking groups figure of £9.4 billion. The British Pound is likely to face a volatile trading session after the release of this report.

Today’s Binary Option Trading Recommendations Overview:

AUD/USD – Binary Put Option
EUR/GBP – Binary Call Option
USD/CAD – Binary Call Option
Gold – Binary Call Option
DAX 30 – Binary Put Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD is testing the strength of its newly formed horizontal resistance level from where a price action reversal is likely to emerge. The ascending 50 Day Moving Average (DMA) is increasing the distance to the 200 DMA which is advancing at a slower pace. The Accelerator Oscillator (AC) indicates the formation of a positive divergence as the Relative Strength Index (RSI) is trading in overbought territory following the breakdown from extreme overbought conditions.
AUD/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. The AUD/USD is expected to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7190 on the H1 Hourly Chart. The downside potential for this binary put option is 175 pips to 0.7015 while the upside potential is 80 pips to 0.7270. This results in a risk/reward ratio of 2.19.

EUR/GBP – The EUR/GBP was able to spike higher from its intra-day low of 0.6981 which was recorded on November 18th 2015. The 50 DMA entered a drift higher below the 200 DMA which is descending. The AC supports a continuation of the breakout as upside momentum is on the rise. The RSI is trading in neutral conditions after moving higher from extreme oversold territory which added to the accumulation in positive pressure.
EUR/GBP Trade now the Euro
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level as positive pressure is on the rise. The EUR/GBP is anticipated to push through its 200 DMA and advance further. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7030 on the H1 Hourly Chart. The upside potential for this binary call option is 100 pips to 0.7130 while the downside potential is 50 pips to 0.6980. This results in a risk/reward ratio of 2.00.

USD/CAD – The USD/CAD was able to halt the collapse in price action at its ascending support level. The descending 50 DMA is closing in on the sideways trending 200 DMA; a negative crossover is pending. The AC points towards the build-up in positive momentum in this currency pair. The RSI is trading in neutral territory as a result of the reversal from extreme oversold conditions; this resulted in a momentum change from negative to positive.
USD/CAD Currency Chart
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level. The USD/CAD is anticipated to accelerate back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3300 on the H1 Hourly Chart. The upside potential for this binary call option is 70 pips to 1.3370 while the downside potential is 35 pips to 1.3265. This results in a risk/reward ratio of 2.00.

Today’s Commodity Trade

GoldGold completed a breakout above its horizontal support level and is expected to continue its advance. The 50 DMA is ascending, but remains below the descending 200 DMA. The AC confirms the breakout with an accumulation in upside pressure and the RSI is trading in overbought conditions following the reversal from extreme oversold territory. Binary options paper trading can help new traders improve their trading strategy.
Gold Commodity Price
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above its 50 DMA, but below of its 200 DMA. Gold is anticipated to recover into its horizontal resistance level. Binary option traders are advised to seek binary call options in Gold on dips below 1,085.00 on the H1 Hourly Chart. The upside potential for this binary call option is 1,300 pips to 1,098.00 while the downside potential is 700 pips to 1,078.00. This results in a risk/reward ratio of 1.86.

Today’s Equity Index Recommendation

DAX 30 – The DAX 30 ended its uptrend with a breakdown below its horizontal resistance level which resulted in the increase of negative pressure. The ascending 50 DMA was able to cross above the 200 DMA which is drifting to the upside. The AC favors an extension of the price action collapse as downside momentum is on the rise while the RSI is trading in neutral territory after descending from extreme overbought conditions.
DAX 30 Equity Index
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The DAX 30 is expected to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in the DAX 30 equity index on rallies above 11,040.00 on the H1 Hourly Chart. The downside potential for this binary put option is 55,000 pips to 10,490.00 while the upside potential is 11,500 pips to 11,155.00. This results in a risk/reward ratio of 4.78.

Key Fundamental Data:

Eurozone – The following European Central Bank (ECB) members are scheduled to speak during today’s trading session: Mario Draghi, President of the ECB, will speak at the Euro Finance Week; Benoit Coeure, member of the Executive Board of the ECB, will speak in Frankfurt, Germany where he will be joined by Peter Praet, member of the Executive Board of the ECB, and Vitor Constancio, Vice President of the ECB.
Eurozone – The German producer price index (PPI) for October is favored to show a contraction of 0.2% month-over-month and 2.0% year-over-year. This would mark a decrease in deflationary pressures over September’s contraction of 0.4% and 2.1% respectively.
Eurozone – Economists anticipate the Greek current account surplus to decrease to €1.30 billion in September from August’s surplus of €2.09 billion.
Russia – Expectation for the October gross domestic product (GDP) call for a contraction of 4.5% year-over-year after posting a contraction of 3.8% in September.
Canada – Retail sales are set to rise by 0.1% month-over-month in September and retail sales excluding automobile sales are favored to contract by 0.4%. This would follow the increase of 0.5% and reading of 0.0% which was reported in August.
Canada – Economists anticipate the consumer price index (CPI) for October to rise by 0.1% month-over-month and 1.0% year-over-year. This would mark a reversal over the previous month’s contraction of 0.2% month-over-month and match the 1.0% increase year-over-year. The core CPI, which excludes food and energy, is expected to rise by 0.2% month-over-month and by 2.0% year-over-year following September’s increase of 0.2% and 2.1% respectively.
Eurozone – Belgian consumer confidence for November is called in at a level of -7 after being reported at a level of -8 in October.
Mexico – Expectations for the final third-quarter GDP revision call for a growth rate of 0.6% quarter-over-quarter and 2.4% year-over-year. This would represent an increase over the initially reported expansion of 0.5% and 2.2%.
Eurozone – Estimates for November Eurozone consumer confidence call for an improvement to -7.5 from the previous month’s reading of -7.7.
United States – The Kansas City Federal Reserve Manufacturing Activity Index for November is favored to come in at a level of 0 after being reported at -1 in October.

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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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