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BINARY OPTIONS INSIGHTS FOR JULY 23RD 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
July 22nd, 2015 5:22am GMT, London UK
 

Market Recap & Outlook:

The British Pound advanced during yesterday’s trading session after the release of minutes from the latest Bank of England meeting were published. Some were looking for at least one vote in favor of an interest rate increase, but the minutes sowed a unanimous 9-0 vote in favor of leaving interest rates unchanged at 0.50% while maintaining the £375 billion Asset Purchase Target. The minutes also showed that some voting members of the Monetary Policy Committee (MPC) see a risk in inflation. Market consensus believes that the Bank of England will start to raise rates by the second-quarter of 2016.

There has been a divergence in global central bank policy with the Bank of England and the US Federal Reserve looking at increasing rates, while central banks like the European Central Bank remaining on the sidelines together with the Bank of Japan. Many expect the Reserve Bank of Australia to keep its interest rate unchanged at 2.00%, but Governor Stevens has not taken the option off the table to ease further if needed. The RBA would like to see the Australian Dollar lower from current levels and with the latest remarks by Governor Stevens, many binary option traders may be in for a surprise.

Rounding up today’s central bank review is the Reserve Bank of New Zealand which cut interest rates by another 25 basis points to 3.00%. Despite the cut, the RBNZ remains the major central bank with the highest interest rate environment and the only one which operates near normal conditions. Binary option trader who are trading with what is the best binary options broker are able to take full advantage of the price movement created by the volatility during the aftermath of the RBNZ move. More interest rate cuts could follow depending on economic data released out of New Zealand.

Today’s Binary Option Trading Recommendations Overview:

NZD/USD – Binary Put Option
EUR/JPY – Binary Put Option
USD/CAD – Binary Put Option
Gold – Binary Call Option
S&P 500 – Binary Call Option

Currency Pairs on today’s Radar Screen:

NZD/USD – The NZD/USD has spiked to the upside after the RBNZ cut interest rates by 25 basis points to 3.00% as expected. The gap between the 50 Day Moving Average (DMA) and the 200 DMA has narrowed as a result of the sharp advance. The Accelerator Oscillator (AC) does not confirm an extension of the advance above its horizontal resistance level, and the Relative Strength Index (RSI) is drifting into overbought territory. Binary options traders should expected the volatility spike as a result of the RBNZ interest rate announcement to remain in place throughout the trading session.
NZD/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading near its horizontal resistance level and above its 50 DMA as well as 200 DMA. The NZD/USD is expected to struggle inside of its horizontal resistance level and collapse to the downside. Binary option traders are advised to seek binary put options in the NZD/USD currency pair on rallies above 0.6620 on the H1 Hourly Chart. The downside potential for this binary put option is 120 pips to 0.6500 while the upside potential is 30 pips to 0.6650. This results in a risk/reward ratio of 4.00.

EUR/JPY – The EUR/JPY accelerated to the upside after briefly touching its ascending support level which originated from its intra-day low of 134.363 recorded on July 20th 2015. Price action did reach a slightly higher high inside of its horizontal resistance level. The 50 DMA is moving to the upside and the 200 DMA is moving to the downside which started to decrease the gap. The AC has formed a negative divergence which signals the potential end of the drift higher while the RSI is trading in overbought territory.
EUR/JPY Chart
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading back inside of its horizontal resistance level. The EUR/JPY is anticipated to reverse its current trend and force this currency pair into a counter-trend move to the downside. Binary option traders are advised to seek binary put options in the EUR/JPY currency pair on rallies above 135.600 on the H1 Hourly Chart. The downside potential for this binary put option is 150 pips to 134.350 while the upside potential is 40 pips to 136.000. This results in a risk/reward ratio of 3.13.

USD/CAD – The USD/CAD has attempted to maintain its breakout above the psychological resistance level of 1.3000, but may not be able to sustain this level going forward. The 50 DMA is trading far above its 200 DMA which is not sustainable. The AC indicates an increase in downward momentum from current levels and the RSI is trading near overbought territory after breaking down from extreme levels. Today’s options trading broker recommendation favors a reversal in the USD/CAD currency pair.
USD/CAD
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level from where further upside momentum is being depleted. The USD/CAD is expected to breakdown below the 1.3000 mark and accelerate to the downside. Binary option traders are advised to seek binary put options in the USD/CAD currency pair on rallies above 1.3010 on the H1 Hourly Chart. The downside potential for this binary put option is 105 pips to 1.2905 while the upside potential is 40 pips to 1.3050. This results in a risk/reward ratio of 2.63.

Today’s Commodity Trade

Gold – Gold has entered a sideways trend inside of its horizontal support level as this precious metal is struggling for direction during its new drift to the upside. As gold is trading sideways its 50 DMA as well as its 200 DMA have a chance to flatten out which will further ease downward pressures in this commodity. The AC has indicated an increase in upward momentum which indicates a potential breakout. The RSI already broke out above oversold territory which has caused an increase in upward momentum.
Gold Commodity Trading Binary Options
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading just above of its horizontal support level as upward pressure is accumulating in this commodity. Gold is anticipated breakout above its 50 DMA which will result in a momentum shift and elevate this precious metal. Binary option traders are advised to seek binary call options in Gold on dips below 1,098.00 on the H1 Hourly Chart. The upside potential for this binary call option is 5,725 pips to 1,155.25 while the downside potential is 2,650 pips to 1,071.50. This results in a risk/reward ratio of 2.16.

Today’s Equity Index Recommendation

S&P 500 – The S&P 500 has bounced off of its intra-day low of 2,109.00 which was recorded yesterday on July 22nd 2015. This equity index has now broken out above its 50 DMA and is trading above its 200 DMA which both started to converge. The AC has confirmed the breakout above its 50 DMA and advanced accordingly. The RSI did breakout above oversold territory and is now trading in neutral territory.
SP 500 Equity Index Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level as upward momentum increased. The S&P 500 is expected to continue its move to the upside until it will reach its horizontal resistance level. Binary option traders are advised to seek binary call options in the S&P 500 on dips below 2,120.00 on the H1 Hourly Chart. The upside potential for this binary call option is 1,275 pips to 2,132.75 while the downside potential is 800 pips to 2,112.00. This results in a risk/reward ratio of 1.59.

Key Fundamental Data:

New Zealand – The Reserve Bank of New Zealand cut interest rates to 3.00%, down 25 basis points from 3.25% as expected. The New Zealand Dollar was able to advance despite the cut in interest rates.
Japan – Merchandise Trade Balance posted a surprise deficit of ¥69.0 billion in June. Economists expected a surplus of ¥45.8 billion while the trade deficit for May was revised higher to ¥217.2 billion. The Japanese Yen was pressured to the downside.
Canada – Retails sales are expected to post an increase of 0.6% in May month-over-month which would follow the 0.1% contraction reported in April. Retail sales excluding auto sales are expected to increase by 0.8% in May month-over-month which compares to the 0.6% contraction reported in the previous month.
Eurozone – Economists expected Eurozone Consumer Confidence to decrease to -5.8 in July, down 0.2 points from the -5.6 which was published in the previous report.
United States – The Chicago Federal Reserve National Activity Index is expected to remain in negative territory with a -0.05 reading for June. This would mark an improvement over the -0.17 which was reported in May.
United States – Initial jobless claims are expected to decrease by 1,000 to 280,000 in the week ending July 18th 2015, but continuing claims are expected to rise by 41,000 to 2,256,000 in the week ending July 11th 2015.
United States – Expectations call for leading indicators to rise by 0.2% in June which would represent a sharp slowdown as compared to the 0.7% increase which was reported in May.

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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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