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BINARY OPTIONS INSIGHTS FOR SEPTEMBER 1ST 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
September 1st, 2015 6:35am GMT, London UK

Market Recap & Outlook:

Australia reported a 0.6% increase in private sector credit for July month-over-month and 6.1% year-over-year. This came in above economists’ expectations for an increase of 0.5% and 5.9% respectively and followed June’s expansion of 0.4% and 5.9%. The Australian Dollar remained stable after the release of the report and maintained its bias to the upside. Today’s interest rate announcement by the Reserve Bank of Australia (RBA) is anticipated to result in a sharp increase in volatility as well as trading volume.

Housing starts in Japan disappointed for the month of July and rose by only 7.4% year-over-year to 914,000 units. This represented a sharp slowdown as compared to the 16.3% increase which was reported in June to 1,033,000 units and was well below expectations for a slowdown to 11.0% or 938,000 units. This economic disappointment followed the surprise contraction in industrial production and pushed the Japanese Yen lower.

Remaining in the Asian market sector, the Reserve Bank of Australia is expected to keep interest rates on hold at 2.00% which represents a historic low. While no change in interest rates is already priced into the currency market, the statement which will accompany the release could put a floor under the Australian Dollar from where more upside may emerge. Level 1 options trading indicates an increase in call options for the Australian currency.

Today’s Binary Option Trading Recommendations Overview:

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

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD bounced off of its ascending support level which originated from its intra-day low of 0.7039 recorded on August 24th 2015. The 50 Day Moving Average (DMA) is trending lower and remains below the 200 DMA which continues to descend as well. The Accelerator Oscillator (AC) supports a move to the upside with the formation of a positive divergence as the Relative Strength Index (RSI) is trading in neutral conditions after recovering from extreme oversold territory.
AUD/USD Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its ascending support level. The AUD/USD is expected to drift into its descending 200 DMA from where more upside is likely. Binary option traders are advised to seek binary call options in the AUD/USD currency pair on dips below 0.7130 on the H1 Hourly Chart. The upside potential for this binary call option is 230 pips to 0.7360 while the downside potential is 90 pips to 0.7040. This results in a risk/reward ratio of 2.56.

GBP/JPY – The GBP/JPY has enjoyed an upward bias and continues to record a series of higher lows which allowed an ascending support level to emerge. The 50 DMA started to trend sideways, but is narrowing the gap to the descending 200 DMA. The AC confirms the gradual increase in upward momentum for this currency pair. The RSI is trading in oversold territory after reversing from overbought conditions.
GBP/JPY Binary Options Insights
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. The GBP/JPY 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 GBP/JPY currency pair on dips below 186.000 on the H1 Hourly Chart. The upside potential for this binary call option is 850 pips to 194.500 while the downside potential is 285 pips to 183.150. This results in a risk/reward ratio of 2.98.

EUR/GBP – The EUR/GBP has lost its upward momentum as a result of a failed breakout above of its horizontal resistance level while a descending resistance level has increased downward pressure. The sideways trending 50 DMA continues to trade above the ascending 200 DMA. The AC indicates the loss in positive momentum and the RSI is trading in overbought conditions as a result from the breakout above oversold territory.
EUR/GBP Binary Options Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading just below of its descending resistance level. The EUR/GBP is expected to breakdown below of its 200 DMA from where this currency pair can accelerate to the downside. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7300 on the H1 Hourly Chart. The downside potential for this binary put option is 210 pips to 0.7090 while the upside potential is 100 pips to 0.7400. This results in a risk/reward ratio of 2.10.

Today’s Commodity Trade

Crude OilCrude Oil jumped into its newly formed horizontal resistance level from where upside potential appears limited. The 50 DMA crossed above the 200 DMA as both moving averages are accelerating to the upside. The AC confirmed the jump in price action, but has since retreated from its peak as downward pressure is on the rise. The RSI is trading in overbought territory after breaking down from overbought conditions.
Crude Oil
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level. Crude Oil is anticipated to drop into a corrective phase from current levels. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 47.50 on the H1 Hourly Chart. The downside potential for this binary put option is 975 pips to 37.75 while the upside potential is 250 pips to 50.00. This results in a risk/reward ratio of 3.90.

Today’s Equity Index Recommendation

DAX 30 – The DAX 30 has entered a sideways trend above of its 50 DMA following the breakout above its horizontal support level. The 50 continues to advance and is closing the gap to the descending 200 DMA. The AC supports more upside from current levels while the RSI is trading in neutral conditions following the move to the downside after touching overbought territory. It is important to learn option trading in order to remain profitable.
DAX 30 Index
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its 50 DMA, but below of its 200 DMA. The DAX 30 is expected to breakout above its 200 DMA in order to challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the DAX 30 equity index on dips below 10,275.00 on the H1 Hourly Chart. The upside potential for this binary call option is 102,500 pips to 11,300.00 while the downside potential is 42,500 pips to 9,850.00. This results in a risk/reward ratio of 2.41.

Key Fundamental Data:

Australia – The ANZ Roz Morgan Weekly Consumer Confidence Index for the week ending August 30th 2015 came in at 113.3. This marked an increase as compare to the 113.0 which was reported in the previous week.
Australia – The AiG Performance of Manufacturing Index for the month of August rose to 51.7 from July’s level of 50.4. A reading above 50.0 represents an expansion in the sector.
Japan – Second-quarter capital spending rose by 5.6% which marked a slowdown over the previous quarter’s increase of 7.3%. Economists were looking for an increase of 8.8%.
China – The Manufacturing PMI was reported at 49.7 in August while the Non-Manufacturing PMI came in at 53.4. This followed the 50.0 and 53.9 which was reported in July respectively.
Australia – The current account deficit rose A$19.0 billion in the second-quarter from the previously reported downward revised trade deficit of A$13.5 billion. Economists expected a trade deficit of A$15.8 billion. Net exports of GDP decrease by 0.6% as compared to the increase of 0.5% reported in the first-quarter. Economists expected a contraction of 0.3%.
Australia – Building approvals rose 4.2% in July month-over-month and 13.4% year-over-year. This followed the downward revised contraction of 5.2% and the upward revised increase of 13.5% which was reported in June. Economists were looking for an increase of 3.0% and 10.1% respectively.
Australia – The Reserve Bank of Australia (RBA) is expected to keep interest rates unchanged at 2.00% and may signal a stable interest rate environment for the remainder of 2015.
Eurozone – Economists expect the unemployment rate in the Eurozone to remain unchanged at 11.1% in July.
Eurozone – The final reading for the Eurozone Manufacturing PMI for August is anticipated to remain unrevised and confirm the initially reported level of 52.4.
United Kingdom – Mortgage approvals are expected to come in at 68,100 for the month of July. This would represent an increase over June’s level of 66,600.
United Kingdom – Anticipation for the Markit Manufacturing PMI for August call for a minor uptick of 0.01 points to 52.0 from the previously reported level of 51.9.
United States – Construction spending for July is called up by 0.6% month-over-month following the 0.1% increase which was reported in June.
United States – Economists expect the ISM Manufacturing Index for August to decrease to 52.5 while prices paid are anticipated to drop to 39.0. This would mark a slowdown from July’s level of 52.7 and 44.0 respectively.

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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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