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BINARY OPTIONS INSIGHTS FOR SEPTEMBER 16TH 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
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By: Adam Stone
September 16th, 2015 7:45am GMT, London UK

Market Recap & Outlook:

The German ZEW Survey Economic Sentiment Index for September plunged to 12.1 which was well below expectations for a decrease to 18.3 from August’s level of 25.0. On a positive note, the German ZEW Survey Current Situation Index rose to 67.5. Economists expected a decrease to 64.0 from August’s level of 65.7. The Eurozone ZEW Survey Economic Sentiment Index dropped to 33.3 in September from August’s level of 47.6.

Industrial production in the United States dropped by 0.4% in August while manufacturing production plunged by 0.5%. Economists anticipated a much smaller decrease of 0.2% and 0.3% respectively. This followed the upward revised increase of 0.9 in industrial production and 0.9% in manufacturing production for July. Capacity utilization was reported at 77.6% in August, missing expectations for a decrease to 77.8% from July’s level of 78.0%.

The Swiss ZEW Survey Expectations Index for September is expected to decrease to a level of 5.0 from August’s 5.9. Given yesterday’s disappointments out of Germany and the Eurozone as a whole, the risk remains to the downside. Day trading options strategies show an increase in trading positions which favor a stronger Swiss currency and therefore put options in currency pairs which have the Swiss Franc as a quote currency are recommended.

Today’s Binary Option Trading Recommendations Overview:

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

Currency Pairs on today’s Radar Screen:

GBP/JPY – The GBP/JPY is faced with an increase in downward pressure as price action is trapped below its descending resistance level and its 200 DMA. The 50 Day Moving Average (DMA) is moving to the downside, but continues to trade above the 200 DMA which is trending sideways. The Accelerator Oscillator (AC) confirms the loss in upside momentum for this currency pair. The Relative Strength Index (RSI) is trading in neutral conditions as a result of the advance form extreme oversold territory.
GBP/JPY Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level with an increase in downward pressure. The GBP/JPY is expected to break down below its 200 DMA from where more downside is favored. Binary options traders are advised to seek binary put options in the GBP/JPY currency pair on rallies above 184.300 on the H1 Hourly Chart. The downside potential for this binary put option is 390 pips to 180.400 while the upside potential is 170 pips to 186.000. This results in a risk/reward ratio of 2.29.

USD/JPY – The USD/JPY is trading inside of its bearish price channel which is expected to remain intact. The 50 DMA is descending and approaching the 200 DMA, pending a crossover. The AC indicates a decrease in upside momentum while the RSI is trading in neutral territory following the move to the upside after dipping into oversold conditions; this is likely to be reversed until the index will reach extreme oversold levels.
USD/JPY Binary Options Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its bearish price channel. The USD/JPY is anticipated to descend back down into its horizontal support level. Binary option traders are advised to seek binary put options in the USD/JPY currency pair on rallies above 120.000 on the H1 Hourly Chart. The downside potential for this binary put option is 140 pips to 118.600 while the upside potential is 65 pips to 120.650. This results in a risk/reward ratio of 2.15.

EUR/CHF – The EUR/CHF has lost the majority of its upside momentum after breaking down below of its horizontal resistance level. The descending 50 DMA is narrowing the gap to the 200 DMA which continues to advance. The AC has formed a negative divergence which supports a move to the downside. The RSI is trading near overbought conditions after recovering from oversold territory as downside pressure is on the rise.
EUR/CHF Currency Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level. The EUR/CHF is expected to drift down into its 200 DMA from where a breakdown is likely to emerge. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.0970 on the H1 Hourly Chart. The downside potential for this binary put option is 170 pips to 1.0800 while the upside potential is 80 pips to 1.1050. This results in a risk/reward ratio of 2.13.

Today’s Commodity Trade

PlatinumPlatinum was able to break out above its horizontal support level which forced a momentum change to positive. The 50 DMA as well as the 200 DMA continue to accelerate to the downside. The AC shows a build-up in positive momentum which favors more upside and the RSI is trading in neutral territory as a result of the move higher from extreme oversold conditions. An options trading calculator can help traders compute their potential profits and losses.
Platinum Binary Options Commodity Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level with an increase in upward pressure. Platinum is anticipated to accelerate to the upside from current levels. Binary option traders are advised to seek binary call options in Platinum on dips below 965.0 on the H1 Hourly Chart. The upside potential for this binary call option is 5,650 pips to 1,021.5 while the downside potential is 2,100 pips to 944.0. This results in a risk/reward ratio of 2.69.

Today’s Equity Index Recommendation

EuroStoxx 50 – The EuroStoxx 50 bounced off of its horizontal support level after recording an intra-day low of 3,157.0 yesterday on September 15th 2015. The descending 50 DMA did cross below the ascending 200 DMA. The AC indicates an increase in positive momentum as the RSI is trading in overbought conditions following the reversal from oversold territory which has further resulted in the build-up of upside pressure; an advance into extreme overbought levels is anticipated.
EuroStoxx 50
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level as well as above of its 200 DMA. The EuroStoxx 50 is expected to continue the advance until it will reach its horizontal resistance level. Binary option traders are advised to seek binary call options in the EuroStoxx 50 equity index on dips below 3,230.0 on the H1 Hourly Chart. The upside potential for this binary call option is 9,500 pips to 3,325.0 while the downside potential is 4,500 pips to 3,185.0. This results in a risk/reward ratio of 2.11.

Key Fundamental Data:

United Kingdom – Jobless claims are anticipated to decrease by 5,000 in August and the claimant count rate is expected at 2.3%. This would follow July’s contraction of 4,900 and claimant count rate of 2.3%.
United Kingdom – The three-month-over-three month employment change for July is expected to show the addition of 18,000 jobs while the ILO unemployment rate is anticipated at 5.6%. This would represent an improvement over June’s report which showed the loss of 63,000 jobs. Average weekly earnings are set to rise to 2.5% year-over-year and by 2.9% excluding bonuses. This would mark an improvement over June’s report which showed an increase of 2.4% and 2.8% respectively.
Switzerland – Economists expect the ZEW Survey Expectations Index to decrease to 5.0 in September after being reported at 5.9 in August.
Eurozone – The consumer price index (CPI) is anticipated to come in at 0.0% for the Eurozone in August month-over-month and 0.2% year-over-year. This would follow the previous report’s contraction of 0.6% and the increase of 0.2%. The core CPI is expected to remain unchanged at 1.0%.
Eurozone – Expectations for second-quarter labor costs in the Eurozone call for a decrease to 1.9% year-over-year while wage growth is expected to come in at 1.7%. This would represent a slowdown from the first-quarter’s increase of 2.2% and 2.2% respectively.
United States – Economists expect the CPI to post a contraction of 0.1% in August month-over-month and an increase of 0.2% year-over-year. This would follow July’s increase of 0.1% and 0.2%. The core CPI is anticipated to rise by 0.1% month-over-month and 1.9% year-over-year. This would match July’s monthly increase, but mark an improvement over the year-over-year level of 1.8%.
United States – The National Housing Association of Builders (NAHB) Housing Market Index for September is anticipated to remain unchanged at 61 as compared to the August report.

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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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