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BINARY OPTIONS INSIGHTS FOR NOVEMBER 9TH 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 9th, 2015 7:47am GMT, London UK

Market Recap & Outlook:

German industrial production for September posted an unexpected contraction of 1.1% month-over-month and a smaller-than-expected increase of 0.2% year-over-year. Expectations called for an increase of 0.5% and 1.3% respectively. August’s data was revised and showed a downward revision month-over-over-month to a contraction of 0.6% and an upward revised increase of 2.7% year-over-year. Germany is the largest economy inside of the Eurozone.

The October non-farm payroll report (NFP) out of the United States showed a bigger-than-expected increase of 271,000 job additions as the unemployment rate decreased to 5.0%. Economists anticipated the addition of 185,000 jobs and an employment rate of 5.0% following the upward revised September NFP which now reflects the addition of 137,000 jobs and an unrevised unemployment rate of 5.1%. The US Dollar was able to advance after the announcement.

Given the absence of major market moving economic announcements, today’s Eurogroup meeting is expected to increase trading volume as well as volatility for the Euro. The Eurogroup meets once per month in order to coordinate economic policies among Eurozone member countries. European Central Bank President Mario Draghi will also attend the meeting. Binary options traders can profit from price action movements following the announcement of the meeting by placing positions prior to it.

Today’s Binary Option Trading Recommendations Overview:

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

Currency Pairs on today’s Radar Screen:

EUR/JPY – The EUR/JPY bounced higher after reaching its intra-day low of 131.476 on November 6th 2015, but has now approached its descending resistance level. The ascending 50 Day Moving Average (DMA) is narrowing the gap to the descending 200 DMA. The Accelerator Oscillator (AC) formed a negative divergence as the Relative Strength Index (RSI) is trading in overbought territory after ascending from oversold conditions which contributed to the rise in negative momentum.
Trade Now the EUR/JPY with Binary Options
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level. The EUR/JPY is expected to collapse back down into its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/JPY currency pair on rallies above 132.700 on the H1 Hourly Chart. The downside potential for this binary put option is 120 pips to 131.500 while the upside potential is 50 pips to 133.200. This results in a risk/reward ratio of 2.40.

EUR/USD – The EUR/USD is validating the strength of its newly formed horizontal support level from where a counter-trend advance is expected. The 50 DMA maintains its positions below the 200 DMA as both moving averages continue to descend. The AC has recovered from its low and shows the build-up in upside pressure. The RSI is trading in neutral conditions following the breakout from extreme oversold territory.
EUR/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level. The EUR/USD is anticipated to accelerate to the upside from current levels. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.0780 on the H1 Hourly Chart. The upside potential for this binary call option is 315 pips to 1.1095 while the downside potential is 120 pips to 1.0660. This results in a risk/reward ratio of 2.63.

USD/CHF – The USD/CHF is depleting upside pressure inside of its horizontal resistance level from where a breakout is unlikely to materialize. The ascending 50 DMA continues to trade above the 200 DMA which is moving higher as well. The AC points towards the contraction in positive momentum in this currency pair and the RSI is trading in overbought territory as a result of the collapse from extreme overbought conditions.
USD/CHF Learn how to trade the Dollar
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level with an increase in negative momentum. The USD/CHF is expected to drift down into its 50 DMA from where a breakdown is anticipated. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 1.0030 on the H1 Hourly Chart. The downside potential for this binary put option is 210 pips to 0.9820 while the upside potential is 100 pips to 1.0130. This results in a risk/reward ratio of 2.10.

Today’s Commodity Trade

PlatinumPlatinum is stabilizing inside of its horizontal support level from where downside potential remains limited. The 50 DMA is moving to the downside below the descending 200 DMA. The AC indicates the accumulation in upside pressure while the RSI is trading in oversold conditions after drifting higher from extreme oversold territory; this added to the rise in positive momentum in this commodity.
Commodity Trading Platinum
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. Platinum is anticipated to reverse its corrective phase until it will reach its horizontal resistance level. Binary option traders are advised to seek binary call options in Platinum on dips below 945.0 on the H1 Hourly Chart. The upside potential for this binary call option is 6,600 pips to 1,011.0 while the downside potential is 1,400 pips to 931.0. This results in a risk/reward ratio of 4.71.

Today’s Equity Index Recommendation

S&P 500 – The S&P 500 is descending inside of its bearish price channel which emerged after the breakdown below its horizontal resistance level. The descending 50 DMA is closing in on the ascending 200 DMA. The AC indicates the decrease in positive pressure. The RSI is trading in neutral territory following the bounce higher from oversold conditions. Binary option trading hours can vary depending on the underlying asset, but most instruments are available 24/5.
SP 500 Index Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its bearish price channel. The S&P 500 is expected to slide down into its horizontal support level. Binary option traders are advised to seek binary put options in the S&P 500 equity index on rallies above 2,095.00 on the H1 Hourly Chart. The downside potential for this binary put option is 3,250 pips to 2,062.50 while the upside potential is 1,500 pips to 2,110.00. This results in a risk/reward ratio of 2.17.

Key Fundamental Data:

Japan – Average labor cash earnings for the month of September posted an increase of 0.6% year-over-year after rising by a downward revised 0.4% in the previous month. Expectations called for an increase of 0.5%.
Malaysia – Economists anticipate an increase of 2.9% in industrial production for September year-over-year which would mark a minor slowdown over the 3.0% increase reported in August.
Eurozone – Dutch manufacturing production for September is called in at an increase of 0.9% year-over-year. This would reverse the 0.6% contraction released in the previous report.
Eurozone – Expectations for the Finish trade balance favor a surplus of €119.5 million for the month of September which would represent a turnaround from August’s deficit of €160.0 million.
Eurozone – Germany is set to report a twin surplus of €22.2 billion in its trade balance and of €21.7 billion in its current account for September. This would follow the surpluses of €15.3 billion and of €12.3 billion released in August respectively.
Eurozone – Economists anticipate an Austrian trade deficit of €70.2 million for August following the trade surplus of €33.5 million which was reported in July.
Israel – Business confidence for October is called in at 3.2 while consumer confidence is expected at -25. This would mark a deterioration over September’s data of 3.4 and -22.
Eurozone – The Portuguese trade deficit is called in at €876.7 million in September after August’s trade deficit of €876.0 million.
United States – Economists expect the Federal Reserve Labor Market Conditions Index for October to rise to a level of 0.90 from the 0.00 which was reported in September.

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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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