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BINARY OPTIONS INSIGHTS FOR SEPTEMBER 17TH 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 17th, 2015 9:45am GMT, London UK

Market Recap & Outlook:

New Zealand posted a second-quarter current account deficit of NZ$1.216 billion. This came in below economists’ expectations for a current account deficit of NZ$1.500 billion. Adding to the better-than-expected report was the upward revision to the first-quarter current account surplus to NZ$0.821 billion. The current account deficit – GDP ratio was reported at -3.5% which was better than the expected level of -3.7% and followed the upward revised -3.4% released for the first-quarter.

The Swiss National Bank will announce its interest rate decision during the European morning session. Economists anticipate the SNB Sight Interest Rate to remain unchanged at -0.75%. The SNB 3-Month Libor Lower Target Range is anticipated to stay put at -1.25% and the SNB 3-Month Libor Upper Target Range is expected to remain on hold at -0.25. A binary option trading guide could be beneficial for new binary option traders in order to shorten their learning curve.

Remaining with central bank announcements during today’s trading session, the United States Federal Reserve is expected to keep interest rates on hold at 0.25%. Speculators are hoping for an increase in interest rates today, but recent economic reports show a strong deceleration in the US economy while deflationary pressures are on the rise which makes a 25 basis point interest rate hike very unlikely. A growing number of Fed watchers believe interest rates may rise by 0.125% to 0.375% which would start a series of future interest rate increases.

Today’s Binary Option Trading Recommendations Overview:

NZD/USD – Binary Call Option
EUR/USD – Binary Put Option
USD/CHF – Binary Call Option
Crude Oil – Binary Put Option
Nikkei 225 – Binary Put Option

Currency Pairs on today’s Radar Screen:

NZD/USD – The NZD/USD remains inside of its bullish price channel which continues to support further upside. The ascending 50 Day Moving Average (DMA) was able to cross above the descending 200 DMA. The Accelerator Oscillator (AC) shows the build-up in positive momentum and the Relative Strength Index (RSI) is trading in neutral territory following the advance from oversold conditions which additionally contributed to an increase in upside pressure.
NZD/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its bullish price channel. The NZD/USD is expected to resume the move higher until it will reach its horizontal resistance level. Binary option traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6350 on the H1 Hourly Chart. The upside potential for this binary call option is 75 pips to 0.6425 while the downside potential is 30 pips to 0.6320. This results in a risk/reward ratio of 2.50.

EUR/USD – The EUR/USD is facing an increase in downward pressure inside of its bearish price channel. The 50 DMA is moving to the downside and narrowing the gap to the ascending 200 DMA. The AC confirms the contraction in upside momentum in this currency pair. The RSI is trading in overbought conditions after bouncing higher from extreme oversold territory, but another move to the downside is anticipated.
EUR/USD Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its bearish price channel with an increase in negative momentum. The EUR/USD is anticipated to contract into its horizontal support level. Binary options traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.1300 on the H1 Hourly Chart. The downside potential for this binary put option is 180 pips to 1.1120 while the upside potential is 70 pips to 1.1370. This results in a risk/reward ratio of 2.57.

USD/CHF – The USD/CHF plunged from its descending resistance level down into it horizontal support level from where price action is stabilizing. The 50 DMA is drifting higher, but continues to trade below the 200 DMA which carries a negative bias. The AC indicates that upside momentum is slowly recovering which supports a price action reversal while the RSI is trading in neutral territory as a result of the breakdown from extreme overbought conditions.
USD/CHF Binary Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading just above of its horizontal support level. The USD/CHF is expected to accelerate into its descending resistance level from where a breakout is likely. Binary option traders are advised to seek binary call options in the USD/CHF currency pair on dips below 0.9700 on the H1 Hourly Chart. The upside potential for this binary call option is 120 pips to 0.9820 while the downside potential is 55 pips to 0.9645. This results in a risk/reward ratio of 2.18.

Today’s Commodity Trade

Crude OilCrude Oil accelerated to the upside after recording its intra-day low of 43.57 on September 14th 2015 and has now reached its horizontal resistance level. The 50 DMA is moving to the upside and successfully crossed above the 200 DMA which is trending sideways. The AC has formed a negative divergence as the RSI is trading in overbought conditions following the reversal from extreme overbought territory.
Crude Oil
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level. Crude Oil is anticipated to enter a counter-trend move from current levels. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 46.80 on the H1 Hourly Chart. The downside potential for this binary put option is 345 pips to 43.35 while the upside potential is 155 pips to 48.35. This results in a risk/reward ratio of 2.23.

Today’s Equity Index Recommendation

Nikkei 225 – The Nikkei 225 is losing upside pressure after reaching its descending resistance level. The 50 DMA and the 200 DMA are trading very close to each other and prone to false crossovers. The AC confirms the contraction in upside momentum. The RSI is trading in neutral territory after briefly dipping into extreme overbought conditions. A well-diversified options trading account will use equity index positions as a means to spread risk.
Nikkei 225
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading just below of its descending resistance level. The Nikkei 225 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 Nikkei 225 equity index on rallies above 18,275.0 on the H1 Hourly Chart. The downside potential for this binary put option is 91,000 pips to 17,365.0 while the upside potential is 27,500 pips to 18,550.0. This results in a risk/reward ratio of 3.31.

Key Fundamental Data:

New Zealand – The gross domestic product (GDP) rose by 0.4% in the second-quarter quarter-over-quarter and 2.4% year-over-year. This marked an improvement over the 0.2% expansion reported in the previous report and a minor slowdown over the upward revised increase of 2.7% year-over-year respectively. Economists were expecting a growth rate of 0.6% and 2.5% for the second-quarter of 2015.
Japan – Japanese bond holders purchased ¥514.0 billion worth of foreign bonds in the week ending September 11th 2015 as Japanese equity traders added ¥385.8 billion worth of foreign equities. This followed the downward revised addition of ¥1,120.4 billion worth of foreign bonds and upward revised purchase of ¥868.8 billion worth of foreign equities.
Japan – The merchandise trade balance for August showed a deficit of ¥569.7 billion which came in above expectations for a deficit of ¥542.5 billion and was well above July’s downward revised deficit of ¥268.4 billion.
Switzerland – The Swiss National Bank is anticipated to keep its Sight Deposit Interest Rate on hold at -0.75%. The SNB 3-Month Libor Lower Target Range and the SNB 3-Month Libor Upper Target are also expected to remain unchanged at -1.25% and -0.25% respectively.
Eurozone – Economists expect Eurozone construction output for July to contract by 1.4% year-over-year. This would represent an improvement over June’s contraction of 2.3%.
Eurozone – The Portuguese consumer price index (CPI) is anticipated to post a contraction of 0.5% in August month-over-month and 2.7% year-over-year. This would follow July’s contraction of 0.4% and 2.5% respectively.
United States – Expectations for housing starts call for a contraction of 3.0% to 1,170,000 units in August month-over-month after posting an increase of 0.2% in July to 1,206,000 units. Building permits are expected to increase by 2.2% in August month-over-month to 1,135,000 after plunging 15.5% in July to 1,130,000 permits.
United States – Initial jobless claims are set to increase by 2,000 in the week ending September 12th 2015 to 277,000 and continuing claims for the week ending September 5th 2015 are anticipated to rise by 3,000 to 2,263,000.
United States – Economists expect the second-quarter current account deficit to come in at $112.1 billion, slightly below the deficit of $113.3 billion printed in the previous report.
United States – The Philadelphia Federal Reserve Manufacturing Index is expected to decrease to 6.0 in August from July’s level of 8.3.
United States – Expectations for today’s Federal Reserve interest rate announcement call for no change from the previous level of 0.25%.

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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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