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BINARY OPTIONS INSIGHTS FOR SEPTEMBER 22ND 2015

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
GOLD VS OIL 21.8500 11:00 24.01
BMW VS DAIMLER 1.22767 11:00 24.01
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By: Adam Stone
September 22nd, 2015 7:55am GMT, London UK

Market Recap & Outlook:

The housing market in the United Kingdom performed strongly in September according to Rightmove House Prices which rose 0.9% month-over-month and 6.4% year-over-year. This represented a turnaround from the 0.8% contraction which as reported in August month-over-month and matched the 6.4% increase year-over-year. A strong housing market often provides a boost to consumer spending due to home improvement purchases and projects.

Canadian wholesale sales dropped to a standstill with a reading of 0.0% in July month-over-month. This missed expectations for a slowdown to 0.8% from June’s increase of 1.3%. The Canadian Dollar was negatively impacted by the bigger-than-expected slowdown which suggests the plunge in commodity prices may have resulted in more headwinds as previously anticipated. Trading options strategies now favor a counter-trend move in the Canadian currency after an extended sell-off.

Economists are looking for both economic reports out of the United States to show an improvement over their previous levels. The House Price Index is expected to increase by 0.4% in July month-over-month after posting an increase of 0.2% in June. The Richmond Federal Reserve Manufacturing Index is anticipated to come in at 2 for the month of September. This would mark an improvement over August’s level of 0.

Today’s Binary Option Trading Recommendations Overview:

GBP/JPY – Binary Put Option
EUR/CHF – Binary Call Option
USD/CAD – Binary Put Option
Platinum – Binary Put Option
NASDAQ 100 – Binary Call Option

Currency Pairs on today’s Radar Screen:

GBP/JPY – The GBP/JPY is facing an increase in downward pressure which is provided by its descending resistance level. The 50 Day Moving Average (DMA) is descending and narrowing the distance to the 200 DMA which is moving higher. The Accelerator Oscillator (AC) indicates the loss in upside momentum for this currency pair. The Relative Strength Index (RSI) is trading in neutral conditions after moving lower from extreme overbought territory.
GBP/JPY Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below its descending resistance level. The GBP/JPY is expected to move back down into its horizontal support level. Binary option traders are advised to seek binary put options in the GBP/JPY currency pair on rallies above 186.700 on the H1 Hourly Chart. The downside potential for this binary put option is 245 pips to 184.250 while the upside potential is 60 pips to 187.300. This results in a risk/reward ratio of 4.08.

EUR/CHF – The EUR/CHF was able to stabilize inside of its newly formed horizontal support level which prevented further downside and has now completed a breakout above it. The descending 50 DMA crossed below the 200 DMA which is drifting lower as well. The AC started to recover from its lows and shows a build-up in positive momentum as the RSI is trading in neutral territory following the reversal from extreme oversold conditions.
EUR/CHF Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading just above of its horizontal support level. The EUR/CHF is anticipated to bounce to the upside until a breakout above its 200 DMA can take this currency pair higher. Binary options traders are advised to seek binary call options in the EUR/CHF currency pair on dips below 1.0900 on the H1 Hourly Chart. The upside potential for this binary call option is 150 pips to 1.1050 while the downside potential is 55 pips to 1.0845. This results in a risk/reward ratio of 2.73.

USD/CAD – The USD/CAD has accelerated from its intra-day low of 1.3012 which was recorded on September 18th 2015 into its descending resistance level from where further upside appears to be limited. The 50 DMA started to drift higher, but continues to trade below the sideways trending 200 DMA. The AC has formed a negative divergence which points towards a price action reversal and the RSI is trading in neutral conditions as a result of the advance from extreme oversold territory.
USD/CAD Chart
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level while negative momentum is on the rise. The USD/CAD is expected to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the USD/CAD currency pair on rallies above 1.3220 on the H1 Hourly Chart. The downside potential for this binary put option is 205 pips to 1.3015 while the upside potential is 90 pips to 1.3310. This results in a risk/reward ratio of 2.28.

Today’s Commodity Trade

PlatinumPlatinum is trapped inside of a triangle formation following the breakdown below its horizontal resistance level. The 50 DMA maintains its positions above the descending 200 DMA as the gap is narrowing. The AC indicates the collapse in positive momentum while the RSI is trading in neutral territory after advancing from oversold conditions, but a breakdown into extreme oversold levels is favored to emerge.
Platinum Commodity Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading above of its ascending support level and below of its descending resistance level. Platinum is anticipated to break down below its ascending support level and accelerate to the downside. Binary option traders are advised to seek binary put options in Platinum on rallies above 970.0 on the H1 Hourly Chart. The downside potential for this binary put option is 2,100 pips to 949.0 while the upside potential is 1,160 pips to 981.6. This results in a risk/reward ratio of 1.81.

Today’s Equity Index Recommendation

NASDAQ 100 – The NASDAQ 100 has collapsed down into its ascending support level. The 50 DMA is moving to the downside, but remains above the 200 DMA which is trending sideways. The AC points towards an increase in upside momentum for this equity index. The RSI is trading in neutral conditions as a result of bounce higher from extreme oversold territory. Day trading options is one of the most profitable approaches to trading binary options.
NASDAQ 100
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading near its ascending support level. The NASDAQ 100 is expected to advance back into its horizontal resistance level. Binary options traders are advised to seek binary call options in the NASDAQ 100 equity index on dips below 4,350.00 on the H1 Hourly Chart. The upside potential for this binary call option is 10,000 pips to 4,450.00 while the downside potential is 5,000 pips to 4,300.00. This results in a risk/reward ratio of 2.00.

Key Fundamental Data:

Eurozone – The unemployment rate in Finland is expected to decrease to 8.1% in August from July’s level of 8.4%.
Switzerland – Economists expect the Swiss trade surplus for August to come in at CHF2.75 billion. This would mark a slowdown as compared to the trade surplus of CHF3.74 billion which was reported in July.
United Kingdom – Expectations for August Public Sector Net Borrowing (PSNB) call for a level of £8.8 billion and excluding banking groups at £9.2 billion. This would reverse the surplus of £2.1 billion and £1.3 billion which was reported in July respectively.
United Kingdom – CBI Trends Selling Prices for September are anticipated to come in at -5 and CBI Trends Selling Orders at a level of 0. This would follow the -6 and -1 which was released in August.
United States – Economists expect the House Price Index to post an increase of 0.4% in July month-over-month or double the 0.2% increase which was reported in June.
Eurozone – The advanced Eurozone Consumer Confidence Index is anticipated to decrease to a level of -7.0 in September from the previously reported -6.9.
United States – Expectations for the Richmond Federal Reserve Manufacturing Index call for a level of 2 in September after being reported at 0 in August.

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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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