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BINARY OPTIONS INSIGHTS FOR AUGUST 5TH 2015

GBP/USD 1.24505 11:10 24.01
EUR/USD 1.07290 11:10 24.01
BitCoin/CNY 6291.000 11:00 24.01
USD/MXN 21.421 11:00 24.01
FTSE F-MAR17 7107.750 11:00 24.01
USD/RUB 59.259 11:00 24.01
USD/NOK 8.35711 11:00 24.01
USD/CHF 1.00118 11:00 24.01
OIL-MAR17 (BRENT) 55.480 11:00 24.01
EUR/ILS 4.06935 11:00 24.01
USD/ILS 3.79245 11:00 24.01
SBERBANK 168.585 11:00 24.01
GAZPROM 149.220 11:00 24.01
NZD/CHF 0.72229 11:00 24.01
CAD/CHF 0.75325 11:00 24.01
NZD/USD 0.72145 11:00 24.01
SUGAR (11)-MAR17 20.9750 11:00 24.01
CAD/JPY 85.347 11:00 24.01
AUD/USD 0.75568 11:00 24.01
AUD/JPY 85.721 11:00 24.01
GBP/USD 1.24566 11:00 24.01
EUR/USD 1.07297 11:00 24.01
VTB BANK 0.068940 11:00 24.01
ROSNEFT' 387.325 11:00 24.01
METRO AG 31.955 11:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 11:00 24.01
SILVER 17.108 11:00 24.01
GOLD/EUR 1129.755 11:00 24.01
USD/JPY 113.440 11:00 24.01
EUR/JPY 121.719 11:00 24.01
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By: Adam Stone
August 5th, 2015 5:22am GMT, London UK

Market Recap & Outlook:

Australia reported much better-than expected economic data during the Asian trading session yesterday. Retail sales rose by 0.7% in June month-over-month which followed the 0.3% increase reported in May. Economists were looking for an increase of only 0.4%. Retail sales for the second-quarter of 2015 excluding inflation rose by 0.8%, twice as much as the 0.4% increase expected. First-quarter retail sales remained unchanged at 0.7%. The Australian consumer has performed strongly which has boosted the Australian Dollar.

While the Australian consumer was able to support the domestic economy, the Japanese consumer was faced with more pressure as evident in labor cash earnings for June released yesterday which posted an unexpected contraction of 2.4% year-over-year. Expectations called for an increase of 0.9% after rising by 0.7% in May. Real cash earnings for June plunged by 2.9% year-over-year which follows the 0.0% level reported in May. This data point suggests more hardship for the struggling Japanese economy and therefore for the Japanese Yen.

The Eurozone will report retail sales for June today. Economists expect a contraction of 0.2% month-over-month and an increase of 2.0% year-over-year which would represent a deceleration from the increase of 0.2% and 2.4% reported in May respectively. This may be countered by the final revision to the Eurozone Services PMI and the Eurozone Composite PMI for June which is expected to show no change from the 53.8 and 53.7 initially reported, but the risk remains for a positive surprise. A binary options trading forum saw an increase in discussion about better than expected data out of the Eurozone.

Today’s Binary Option Trading Recommendations Overview:

GBP/JPY – Binary Call Option
EUR/USD – Binary Call Option
USD/CHF – Binary Put Option
Silver – Binary Call Option
EuroStoxx 50 – Binary Put Option

Currency Pairs on today’s Radar Screen:

GBP/JPY – The GBP/JPY has bounced higher off of its ascending support level which originated from its intra-day low of 192.565 reached on July 29th 2015. The 50 Day Moving Average (DMA) continues to trade above the 200 DMA and provides an elevated amount of upward momentum. The Accelerator Oscillator (AC) has confirmed the increase in upward pressure on this currency pair. The Relative Strength Index (RSI) is trading in neutral territory.
GBP/JPY
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its ascending support level with an increase in upward momentum. The GBP/JPY is expected to continue its advance into its horizontal resistance level. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 193.400 on the H1 Hourly Chart. The upside potential for this binary call option is 120 pips to 194.600 while the downside potential is 45 pips to 192.950. This results in a risk/reward ratio of 2.67.

EUR/USD – The EUR/USD has dropped into its newly formed horizontal support level after a move to the downside emerged from its intra-day high of 1.1114 which was recorded on July 21st 2015. The 50 DMA remains in a cross below the 200 DMA with both moving averages drifting lower. The AC has formed a positive divergence and points towards an increase in upward momentum and the RSI is trading in extreme oversold territory from where a breakout is likely to force a change in momentum.
EUR/USD Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support from where further downside risk is limited. The EUR/USD is anticipated to breakout above its 200 DMA from where more upside is likely. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.0870 on the H1 Hourly Chart. The upside potential for this binary call option is 240 pips to 1.1110 while the downside potential is 70 pips to 1.0800. This results in a risk/reward ratio of 3.43.

USD/CHF – The USD/CHF is losing upward momentum inside of its horizontal resistance level after a strong advance over the past three trading days. The 50 DMA is trading above the 200 DMA as this moving average continues to ascend. The AC has formed a negative divergence and confirms the loss in momentum as the RSI is trading in extreme overbought territory which is not sustainable; a breakdown is likely to initiate a reversal in this currency pair.
USD/CHF
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading near the top of its horizontal resistance level. The USD/CHF is expected to breakdown below its horizontal resistance level from where this currency pair can decelerate into its horizontal support level. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 0.9775 on the H1 Hourly Chart. The downside potential for this binary put option is 225 pips to 0.9550 while the upside potential is 85 pips to 0.9860. This results in a risk/reward ratio of 2.65.

Today’s Commodity Trade

Silver – Silver has recovered from its intra-day low of 14.379 which was reached during yesterday’s trading session on August 4th 2015. The 50 DMA is trending lower and has crossed below the 200 DMA which is in a downtrend of its own. The AC suggests a momentum change is in the process which will increase upward pressure on this commodity. The RSI is trading in neutral territory after breaking out from extreme oversold conditions and is expected to advance further.
Silver
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading below its 200 DMA, but above its ascending support level. Silver is anticipated to accelerate to the upside from current levels. Binary option traders are advised to seek binary call options in Silver on dips below 14.600 on the H1 Hourly Chart. The upside potential for this binary call option is 40 pips to 15.000 while the downside potential is 15 pips to 14.450. This results in a risk/reward ratio of 2.67.

Today’s Equity Index Recommendation

EuroStoxx 50 – The EuroStoxx 50 is trading at its descending resistance level, which is enforcing its horizontal support level, and an increase in downward pressure emerged. The 50 DMA remains above the 200 DMA, but the gap is closing and a crossover is expected. The AC confirms the breakdown in upward momentum while the RSI is trading in neutral conditions after completing a breakdown from extreme overbought territory. A respected option trading newsletter also supports a trend reversal in this equity index.
EuroStoxx 50
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its enforced horizontal resistance level. The EuroStoxx 50 is expected to enter a corrective phase which will take this equity index back down into its horizontal support level. Binary option traders are advised to seek binary put options in the EuroStoxx 50 equity index on rallies above 3,610.0 on the H1 Hourly Chart. The downside potential for this binary put option is 10,500 pips to 3,505.0 while the upside potential is 3,000 pips to 3,640.0. This results in a risk/reward ratio of 3.50.

Key Fundamental Data:

Japan – The Nikkei Services PMI decreased to 51.2 in July from the 51.8 which was reported in June while the Nikkei Composite PMI remained unchanged at 51.5.
China – The Chinese economy received a better-than-expected Caixin Services PMI for July with a reading of 53.8 as the Caixin Composite PMI came in at 50.2. This follows June’s levels of 51.8 and 50.6 respectively.
Switzerland – Economists expect the Consumer Price Index (CPI) for July to post a contraction of 0.4% month-over-month and a contraction of 1.0% year-over-year. This would follow the increase of 0.1% and the contraction of 1.0% which was reported in June.
Eurozone – The final reading for the Eurozone Services PMI and for the Eurozone Composite PMI for the month of July are both expected to confirm the initial level of 53.8 and 53.7 respectively.
United Kingdom – Expectations for the Markit/CIPS Services PMI are for a slowdown from June’s level of 58.5 to 58.0 in July. The Markit/CIPS Composite PMI is anticipated to decrease to 56.9 in July from the 57.4 level which was reported in June.
Eurozone – Economists are looking for a contraction in retail sales of 0.2% in June month-over-month and an increase of 2.0% year-over-year. This would follow the 0.2% increase and the 2.4% increase reported in May respectively.
United States – Today’s ADP report is expected to show an increase of 210,000 private sector jobs for the month of July. This marks a slowdown from the 237,000 jobs created in the private sector in June.
United States – The trade deficit for June is expected to increase by $42.90 billion after posting an increase of $41.87 billion in May.
United States – Economists expect the final revision to the Markit Composite PMI as well as the Markit Services PMI for July to remain unchanged at 55.2 and 55.2 respectively.
United States – Expectations for the ISM Non-Manufacturing Composite Index for July call for an increase of 0.2 points to 56.2 from June’s 56.0. Given other recent disappointments, the risk remains for a surprise to the downside.

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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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