+1 (866)-882-6854
+ 44 203-807-1675
Chat
01:53:45 GMT
Black & White

BINARY OPTIONS INSIGHTS FOR AUGUST 6TH 2015

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
August 6th, 2015 5:22am GMT, London UK

Market Recap & Outlook:

The Eurozone released its final reading for the July Services PMI and for the July Composite PMI. Both reports came in above economists’ expectations for no change from the previous report which showed levels of 53.8 and 53.7 respectively. The final revision surprised to the upside and showed a stronger Eurozone economy. The Services PMI was revised upward to reflect a level of 54.0 for a change of 0.2 points while the Composite PMI was revised higher as well, now showing a level of 53.9 or up 0.2 points. This followed the upward revision in the Eurozone Manufacturing PMI which was reported on Monday.

Crude oil received a positive report out of the Unites States Energy Information Agency (EIA) which released its inventory report for the week ending July 31st 2015. Crude oil inventories plunged by 4,407 million barrels which followed the drawdown of 4,203 million barrels reported in the week ending July 24th 2015. Economists expected a decrease of only 1,630 million barrels. This report initially provided an increase in upward pressure as oil prices continued to drift higher, but gains were unable to hold and this commodity dropped back down to solid support levels. Oil futures trading carry plenty of advantages which range from portfolio diversification to profitably.

The Australian employment report this morning showed the Australian economy continues to improve as 38,500 private sector jobs were added in July after 7,000 jobs were added in June. The unemployment rate rose by 0.2% to 6.3% while the labor force participation rate rose to at 65.1%. Economists were looking for a much smaller increase of only 10,000 job additions, an unemployment rate of 6.1% and a labor force participation rate of 64.8%. 12,400 full-time jobs and 26,100 part-time jobs were. This followed the addition of 24,900 jobs and the loss of 17,900 reported in June respectively.

Today’s Binary Option Trading Recommendations Overview:

AUD/USD – Binary Put Option
EUR/JPY – Binary Call Option
USD/CAD – Binary Put Option
Oil – Binary Call Option
DAX 30 – Binary Put Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD has broken down below its horizontal resistance level as well as below its descending resistance level; this resulted in an increase in downward pressure. The 50 Day Moving Average (DMA) has increased the gap to the 200 DMA which continues to trend sideways. The Accelerator Oscillator (AC) has confirmed the decrease in upward momentum and suggests more downside in this currency pair. The Relative Strength Index (RSI) is trading in neutral territory, after breaking down from extreme overbought conditions.
AUD/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level. The AUD/USD is expected to continue its move to the downside until it will reach its horizontal support level. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7330 on the H1 Hourly Chart. The downside potential for this binary put option is 95 pips to 0.7235 while the upside potential is 35 pips to 0.7365. This results in a risk/reward ratio of 2.71.

EUR/JPY – The EUR/JPY has reversed its move to the downside after reaching its intra-day low of 134.991 yesterday on August 5th 2015 and is now trading near its descending resistance level from where more upside is likely. The 50 DMA continues to trade below the 200 DMA as bot moving averages are trending sideways. The AC has confirmed the change of momentum from negative to positive while the RSI is trading in overbought territory after spiking to the upside from extreme oversold conditions; a move into extreme conditions is expected.
EUR/JPY
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading at its descending resistance level as well as its 200 DMA. The EUR/JPY is anticipated to breakout from current levels and to continue its advance. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 136.100 on the H1 Hourly Chart. The upside potential for this binary call option is 120 pips to 137.300 while the downside potential is 45 pips to 135.650. This results in a risk/reward ratio of 2.67.

USD/CAD – The USD/CAD is testing the validity of its horizontal resistance level from where further upside potential remains limited. The 50 DMA remains above the 200 DMA, but has exhausted its upward momentum and is likely to close decelerate in order to close the gap. The AC has confirmed the collapse in upside momentum and the RSI has recovered from a brief dip into oversold territory and is currently trading in neutral conditions from where more downside is favored.
USD/CAD
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level from where upward momentum is being depleted. The USD/CAD is expected to drift down into its 200 DMA from where a breakdown is likely to occur. Binary option traders are advised to seek binary put options in the USD/CAD currency pair on rallies above 1.3150 on the H1 Hourly Chart. The downside potential for this binary put option is 210 pips to 1.2940 while the upside potential is 60 pips to 1.3210. This results in a risk/reward ratio of 3.50.

Today’s Commodity Trade

Oil – Oil is stabilizing inside of its horizontal support level after reversing from a drift to the upside. The 50 DMA is in the process of bottoming out, but trades below the 200 DMA. The AC has supported the build-up in positive momentum as the RSI is trading in oversold territory after reversing from overbought conditions. Oil futures trading should be implemented into any profitable binary options trading account.
Oil Futures Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level, but below its ascending support level. Oil is anticipated to push higher into its ascending support level from where a breakout can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in Oil on dips below 45.25 on the H1 Hourly Chart. The upside potential for this binary call option is 405 pips to 49.30 while the downside potential is 125 pips to 44.00. This results in a risk/reward ratio of 3.24.

Today’s Equity Index Recommendation

DAX 30 – The DAX 30 is losing upward momentum as it approached the top end of its horizontal resistance level. The 50 DMA has accelerated to the upside, but continues to trade below the 200 DMA, which is trending sideways. The AC has formed a negative divergence and supports a reversal in price action. The RSI is trading in overbought territory after briefly trading in extreme conditions and a drift lower is favored to lead to a collapse in this equity index.
DAX 30 Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level from where upward pressure is being depleted. The DAX 30 is expected to breakdown below its horizontal resistance level and move to the downside. Binary option traders are advised to seek binary put options in the DAX 30 equity index on rallies above 11,600.00 on the H1 Hourly Chart. The downside potential for this binary put option is 57,000 pips to 11,030.00 while the upside potential is 10,000 pips to 11,700.00. This results in a risk/reward ratio of 5.70.

Key Fundamental Data:

Japan – Japanese bond holders bought ¥119.8 billion worth of foreign bonds in the week which ended July 31st 2015 while Japanese equity investors bought ¥138.1 billion worth of foreign stocks. This follows the sale of ¥26.2 billion worth of foreign bonds and the purchase of ¥210.4 billion worth of foreign stocks for the week ending July 24th 2015.
Australia – The Australian economy added 38,500 jobs in July, but the unemployment rate rose to 6.3%. Economists expected the addition of 10,000 jobs with an unemployment rate of 6.1%. This follows the 7,000 job additions reported in June where the unemployment rate stood at 6.1%. The participation rate rose to 65.1% in July from the 64.8% which was reported in June.
Japan – Economists expected the preliminary reading for the Leading Index to come in at 106.9 for June while the Coincident Index is expected at 110.2. This would mark an improvement over the 106.2 and 109.0 which were reported in May.
Eurozone – German factory orders are expected to rebound in June with an increase of 0.3% month-over-month and 5.2% year-over-year. This would follow the contraction of 0.2% and the increase of 4.7% reported in May respectively.
United Kingdom – Expectations for the Halifax House Price Index call for an increase of 0.4% month-over-month and 8.3% year-over-year. This would represent a slowdown from the growth rate of 1.7% and 9.6% which was reported in June respectively.
United Kingdom – Expectations call for an increase of 0.1% in industrial production month-over-month and 2.2% year-over-year for June. This would represent a mix as compared to May’s increase of 0.4% and 2.1% respectively. Economists predict an increase of 0.1% in manufacturing production month-over-month and 0.4% year-over-year. This would follow the contraction of 0.6% and the increase of 1.0% reported in May respectively.
United Kingdom – The Bank of England (BoE) is expected to leave interest rates unchanged at 0.50% and to maintain its Asset Purchase Target at £375 billion. The Inflation Report will also provide crucial data for a potential increase in interest rates.
United States – Initial jobless claims for the week ending August 1st 2015 are expected to rise to 276,000 from the previously reported level of 267,000. Continuing claims for the week ending July 25th 2015 are expected to decrease to 2,253,000 from the previous week’s level of 2,262,000.
United Kingdom – Expectations for the NIESR Gross Domestic Product (GDP) Estimate for July call for an increase of 0.7% which would match the growth rate reported in June.

Share Button
Adam Stone
Follow me

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
Follow me

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store