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BINARY OPTIONS INSIGHTS FOR JULY 30TH 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 30th, 2015 5:22am GMT, London UK

Market Recap & Outlook:

Yesterday provided more disappointment out of the Japanese economy which released retail sales during the Asian trading session. Retail sales contracted by 0.8% in June month-over-month and rose only 0.9% year-over-year. Economists expected a contraction of 0.9% and an increase of 1.1% respectively. This follows a strong performance in May where retail sales rose 1.7% month-over-month and 3.0% year-over-year. Sales at large retailers unexpectedly contracted by 0.3% in June; expectations called for an increase of 1.8% after surging 5.3% in May.

The United States followed suit with a disappointing report on its housing sector which is a key contributor to Gross Domestic Product (GDP) and directly impacts consumer spending. Pending home sales contracted by 1.8% in June month-over-month, but managed to post a year-over-year increase of 11.1%. Economists were looking for an increase of 0.9% and 11.1% respectively. Adding to the disappointment was a downward revision to May which now shows an increase of only 0.6% month-over-month and 7.9% year-over-year. The disappointment applied downward pressure on the US Dollar.

The biggest market moving release today will come out of the United States which will report its second-quarter (GDP). Expectations are high and call for an increase of 2.5% which would follow the contraction of 0.2% reported in the first-quarter. Given the set of economic disappointments out of the US the risk remains for a negative surprise. The best broker for options trading is advising its binary option traders to be cautious prior to the release and to expect a spike in volatility on heavy volume in US Dollar denominated assets.

Today’s Binary Option Trading Recommendations Overview:

AUD/USD – Binary Call Option
EUR/JPY – Binary Call Option
USD/CAD – Binary Call Option
Silver – Binary Put Option
Nikkei 225 – Binary Put Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD has reversed momentum after bouncing off of its intra-day low of 0.7257 which was recorded on July 28th 2015 and an ascending support level formed. The 50 Day Moving Average (DMA) has started to advance and is closing the gap to the 200 DMA in a further sign of an increase in upward momentum. The Accelerator Oscillator (AC) has stabilized and reversed direction while the Relative Strength Index (RSI) is trading in neutral territory.
AUD/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above its horizontal support level. The AUD/USD is anticipated to advance into its 200 DMA from where a breakout is favored. Binary option traders are advised to seek binary call options in the AUD/USD currency pair on dips below 0.7320 on the H1 Hourly Chart. The upside potential for this binary call option is 95 pips to 0.7415 while the downside potential is 45 pips to 0.7285. This results in a risk/reward ratio of 2.11.

EUR/JPY – The EUR/JPY has caught a drift to the downside after reaching its intra-day high of 137.100 on July 27th 2015. The 50 DMA has reached its zenith and has started to trend lower as the 200 DMA continues to advance. The AC has flattened out as price action receded and the RSI is trading in neutral territory after a breakout from extreme oversold territory. The best broker for options trading is recommending call options in this currency pair.
EUR/JPY
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above its ascending support level. The EUR/JPY is expected to reverse from current levels and move 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 136.350 on the H1 Hourly Chart. The upside potential for this binary call option is 75 pips to 137.100 while the downside potential is 35 pips to 136.000. This results in a risk/reward ratio of 2.14.

USD/CAD – The USD/CAD has recovered from its false breakdown below its horizontal support level and is now approaching its 200 DMA. The 50 DMA continues to move to the downside while the 200 DMA has flattened out. The AC confirmed a change from downward momentum to upward momentum as the RSI has recovered from extreme oversold territory and is now trading in neutral conditions from where it is expected to drift into overbought territory.
USD/CAD
Today’s Binary Options Trading Strategy: Call Option
Price action has now broken out above its horizontal support level as upward momentum is on the rise. The USD/CAD is anticipated to continue its move to the upside until it will breakout above its 200 DMA from where it can accelerate further into its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.2960 on the H1 Hourly Chart. The upside potential for this binary call option is 140 pips to 1.3100 while the downside potential is 45 pips to 1.2915. This results in a risk/reward ratio of 3.11.

Today’s Commodity Trade

Silver – Silver ended its solid advance which developed from its intra-day low of 14.370 reached on July 24th 2015 and has now reversed direction. The 50 DMA has started to close the gap to the 200 DMA as both moving averages have halted their decline. The AC is pointing towards an increase in downward pressure for this commodity. The RSI completed a breakdown from a brief spike into extreme overbought territory and is now drifting lower in neutral conditions.
Silver Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below its horizontal resistance level as well as below of its descending resistance level. Silver is expected to continue its price action reversal with a breakdown below its ascending support level. Binary option traders are advised to seek binary put options in Silver on rallies above 14.750 on the H1 Hourly Chart. The downside potential for this binary put option is 35 pips to 14.400 while the upside potential is 15 pips to 14.900. This results in a risk/reward ratio of 2.33.

Today’s Equity Index Recommendation

Nikkei 225 – The Nikkei 225 completed a breakout above its horizontal support level with a price spike which took this equity index above its 200 DMA and just below of its horizontal resistance level. The 50 DMA started to drift higher, but remains below the 200 DMA which maintains its downward bias. The AC has formed a negative divergence and points towards a reversal. The RSI is trading in extreme overbought territory which is not sustainable trading forward.
Nikkei 225
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading above of its 200 DMA and below of its horizontal resistance level. The Nikkei 225 is anticipated to breakdown below its 200 DMA from where a sharp increase in downward pressure is likely to push this equity index back into its horizontal support level. Binary option traders are advised to seek binary put options in the Nikkei 225 equity index on rallies above 20,550.00 on the H1 Hourly Chart. The downside potential for this binary put option is 51,500 pips to 20,035.00 while the upside potential is 13,500 pips to 20,685.00. This results in a risk/reward ratio of 3.82.

Key Fundamental Data:

Japan – Preliminary industrial production rose 0.8% in June month-over-month and 2.0% year-over-year. Expectations called for an increase of 0.3% and 1.3% respectively. This marks a strong rebound from May’s contraction of 2.1% month-over-month and 3.9% year-over-year.
Australia – The Import Price Index for the second-quarter of 2015 rose by 1.4% quarter-over-quarter while the Export Price Index contracted by 4.4%. Economists were looking for an increase of 1.5% and a contraction of 4.0% respectively. This followed the 0.2% contraction and the 0.8% contraction which was reported in the first-quarter of 2015.
Australia – Building approvals plunged by 8.2% in June month-over-month and rose just 8.6% year-over-year. This compares to economists’ expectations for a 1.0% contraction and an increase of 19.5% respectively. May’s increase was revised down to 2.3% month-over-month and revised up to 18.3% year-over-year.
Eurozone – Economists are looking for a contraction of 5,000 unemployed out of Germany for July with an unemployment rate of 6.4%. This would follow the contraction of 1,000 unemployed in June where the unemployment rate also clocked in at 6.4%.
Eurozone – Eurozone Economic Confidence is expected to fall to 103.2 in July from the previously reported 103.5, but the Eurozone Business Climate Indicator is expected to rise from 0.14 in June to 0.19 in July. Eurozone Industrial Confidence and Eurozone Consumer Confidence are both expected to remain unchanged at -3.4 and -7.1 respectively while Eurozone Services Confidence is expected to increase by 0.1 point in July to 8.0.
Eurozone – The preliminary German Consumer Price Index for July is expected to increase by 0.2% month-over-month and by 0.3% year-over-year. This would follow the contraction of 0.1% which was reported in June month-over-month and the increase of 0.3% year-over-year. The EU Harmonized CPI is expected to increase by 0.3% month-over-month and 0.1% year-over-year in July after posting a contraction of 0.2% and increase of 0.1% in June respectively.
United States – The second-quarter GDP is expected to show an increase of 2.5% year-over-year after posting a contraction of 0.2% in the first-quarter of 2015. Personal consumption is expected to increase by 2.7% after rising by 2.1% in the previous quarter. The GDP Price Index is expected to increase by 1.5% while the core GDP Price Index is set to rise by 1.6%. This would follow the flat reading and the increase of 0.8% reported in the first-quarter respectively.
United States – Initial jobless claims for the week ending July 25th 2015 are expected to increase by 15,000 to 270,000 while continuing claims for the week ending July 18th 2015 are set to rise by 4,000 to 2,211,000.

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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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