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BINARY OPTIONS INSIGHTS FOR NOVEMBER 5TH 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
November 5th, 2015 7:24am GMT, London UK

Market Recap & Outlook:

The Markit/CIPS Services PMI for October rose to a level of 54.9 and the Markit/CIPS Composite PMI clocked in at 55.4. This came in above expectations for an increase to 54.5 and 53.6 from September’s level of 53.3 and 53.3 respectively. Adding to the positive economic data for the British Pound was the release of official reserve changes for October which showed an increase of $161 million following September’s decrease of $321 million.

The final revision for the October Markit Eurozone Services PMI showed a downward revised figure of 54.1 and the Markit Eurozone Composite PMI was revised down as well to 53.9. This represented a decrease of 0.1 point in both cases from the initially reported data of 54.2 and 54.0 respectively. Economists anticipated no change and the disappointment sufficed to apply downward pressure on the Euro.

Today’s initial jobless claims for the week ending October 31st 2015 are set to clock in at 260,000 as continuing claims for the week ending October 24th 2015 are favored to come in at 2,140,000. This would match the previous week’s figure of 260,000 and mark a contraction of 4,000 from the 2,144,000 respectively. A binary options trading strategy is required in order to remain profitable on a consistent basis.

Today’s Binary Option Trading Recommendations Overview:

GBP/USD – Binary Put Option
EUR/JPY – Binary Call Option
USD/CHF – Binary Put Option
Silver – Binary Call Option
S&P 500 – Binary Put Option

Currency Pairs on today’s Radar Screen:

GBP/USD – The GBP/USD is descending inside of its bearish price channel which formed after the breakdown below its horizontal resistance level. The descending 50 Day Moving Average (DMA) is narrowing in on the sideways trending 200 DMA. The Accelerator Oscillator (AC) supports further downside in this currency pair. The Relative Strength Index (RSI) is trading in neutral territory after the bounce higher from extreme oversold conditions.
GBP/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its bearish price channel. The GBP/USD is anticipated to drift down into its horizontal support level. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.5370 on the H1 Hourly Chart. The downside potential for this binary put option is 125 pips to 1.5245 while the upside potential is 35 pips to 1.5405. This results in a risk/reward ratio of 3.57.

EUR/JPY – The EUR/JPY dropped down to its ascending support level which emerged from its intra-day low of 131.587 reached on October 29th 2015. The 50 DMA maintains its positions below the 200 DMA and both moving averages are descending. The AC suggests a counter-trend move to the upside with an increase in positive momentum while the RSI is trading in oversold conditions following the advance from extreme oversold territory.
Trade now the pair EUR/JPY
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level. The EUR/JPY is expected to accelerate back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 132.300 on the H1 Hourly Chart. The upside potential for this binary call option is 160 pips to 133.900 while the downside potential is 70 pips to 131.600. This results in a risk/reward ratio of 2.29.

USD/CHF – The USD/CHF is faced with a contraction in upside pressure after this currency pair reached its horizontal resistance level. The ascending 50 DMA continues to trade above the 200 DMA which is drifting higher. The AC indicates the accumulation of negative momentum and the RSI is trading in neutral territory as a result of the move lower from overbought conditions; this has added to the build-up in downside pressure.
Trade the Dollar USD/CHF
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. The USD/CHF is anticipated to collapse down into its 200 DMA from where a breakdown is favored. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 0.9910 on the H1 Hourly Chart. The downside potential for this binary put option is 155 pips to 0.9755 while the upside potential is 45 pips to 0.9955. This results in a risk/reward ratio of 3.44.

Today’s Commodity Trade

SilverSilver entered a sideways trend inside of its horizontal support level from where negative momentum is being depleted. The 50 DMA is moving lower and has increased the distance to the 200 DMA which is drifting lower at a slower pace. The AC has formed a positive divergence which favors a price action reversal as the RSI is trading in oversold conditions after the move higher from extreme oversold territory.
How to trade the Silver commodity price
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level with a build-up in upside pressure. Silver is expected to enter a counter-trend move to the upside. Binary option traders are advised to seek binary call options in Silver on dips below 15.250 on the H1 Hourly Chart. The upside potential for this binary call option is 110 pips to 16.350 while the downside potential is 25 pips to 15.000. This results in a risk/reward ratio of 4.40.

Today’s Equity Index Recommendation

S&P 500 – The S&P 500 is exposed to a spike in downside pressure following the breakdown below its horizontal resistance level. The ascending 50 DMA remains above the 200 DMA which is ascending as well. The AC points towards the emergence of a negative divergence in this equity index. The RSI is trading in neutral territory following the drop from extreme overbought conditions. A free online options trading school could be beneficial to new traders.
Equity Index Price SP 500
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The S&P 500 is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the S&P 500 equity index on rallies above 2,090.00 on the H1 Hourly Chart. The downside potential for this binary put option is 3,000 pips to 2,060.00 while the upside potential is 1,500 pips to 2,005.00. This results in a risk/reward ratio of 2.00.

Key Fundamental Data:

Russia – The Markit Services PMI for October is expected to decrease to 50.0, down 1.3 points over the previous month’s level of 51.3.
Switzerland – Economists anticipate SECO Consumer Confidence for October to come in at -18 following September’s reading of -19.
Eurozone – Expectations for factory orders out of Germany call for an increase of 1.0% in October month-over-month and 1.8% year-over-year. This would partially reverse the contraction of 1.8% which was reported in September month-over-month, but mark a minor slowdown over the 1.9% increase year-over-year.
Switzerland – The consumer price index (CPI) for October is called in at 0.0% month-over-month and at a contraction of 1.4% year-over-year following the previous month’s increase of 0.1% and contraction of 1.4% respectively.
Norway – Economists anticipate the Norwegian central bank, known as the Norges Bank, to leave its benchmark interest rate unchanged at 0.75%.
Eurozone – Expectations for the Retail Purchasing Managers Index (PMI) favor an increase of 0.4 points in October to 52.3 from September’s reading of 51.9.
Eurozone – Retail sales for September are called up by 0.2% month-over-month and by 3.0% year-over-year after being reported at 0.0% and at an increase of 2.3% in August respectively.
Malaysia – The Bank Negara Malaysia, the Malaysian central bank, will announce its interest rate decision where no change is favored from the current rate of 3.25%.
Brazil – Expectations for the October Markit Services PMI call for an increase of 1.3 points to 43.0 from the previous month’s reading if 41.7 while the Markit Composite PMI is called up by 1.5 points to 44.2 from 42.7. A reading below 50.0 indicates a contraction in the respective sector.
United Kingdom – Economists anticipate the Bank of England (BoE) to remain on the sideline and leave interest rates unchanged at 0.50%. The asset purchase target is also favored to remain unchanged from its current level of £375 billion. The inflation report published by the British central bank could provide more insight on when to expect the first interest rate increase.
United States – Challenger job cuts for the month of October are favored to rise to 60,000, up 1,100 from the previous month’s job cuts of 58,900.
United States – Expectations for third-quarter non-farm productivity call for a contraction of 0.3% while unit labor costs are anticipated to rise by 2.0%. This would represent a reversal over the second-quarter’s increase of 3.3% and contraction of 1.4% 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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