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BINARY OPTIONS INSIGHTS FOR SEPTEMBER 23RD 2015

GBP/USD 1.25030 20:50 23.01
ALIBABA 98.255 20:45 23.01
GBP/USD 1.25057 20:40 23.01
BitCoin/CNY 6351.435 20:30 23.01
WELLS FARGO 54.405 20:30 23.01
TOYOTA (US) 118.250 20:30 23.01
COLGATE-PALMOLIVE 67.585 20:30 23.01
FERRARI 61.165 20:30 23.01
TSX 60 916.940 20:30 23.01
ALIBABA 98.210 20:30 23.01
BOEING 157.820 20:30 23.01
AUD/USD 0.75746 20:30 23.01
AUD/JPY 85.603 20:30 23.01
GBP/USD 1.25058 20:30 23.01
GENERAL ELECTRIC 29.645 20:30 23.01
S&P 500 2264.620 20:30 23.01
JP MORGAN CHASE 83.745 20:30 23.01
SILVER 17.171 20:30 23.01
AIG 65.535 20:30 23.01
USD/CAD 1.32506 20:30 23.01
GOLD 1215.815 20:30 23.01
DOW 19792.84 20:30 23.01
AUD/CAD 1.00366 20:30 23.01
DOLLAR INDEX-MAR17 100.135 20:30 23.01
3M 178.245 20:30 23.01
GOLD VS SILVER 70.8022 20:30 23.01
CITIGROUP 55.895 20:30 23.01
CITIGROUP VS AIG 0.85303 20:30 23.01
McDONALD'S 121.320 20:30 23.01
LAS VEGAS SANDS 55.485 20:30 23.01
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By: Adam Stone
September 23rd, 2015 7:55am GMT, London UK

Market Recap & Outlook:

The United Kingdom borrowed more than expected in the month of August. Public Sector Net Borrowing (PSNB) was reported at £11.3 billion. Adding to the increase in borrowing was the downward revision of the first surplus in over three years which was initially reported in July. The revised figure shows a surplus of only £100 million. PSNB excluding banking groups was reported at £12.1 billion while July’s surplus was revised to show borrowing at £700 million. Economists were looking for PSNB to come in at £8.8 billion and £9.2 billion respectively.

The recent market turmoil did not go unnoticed in the Eurozone and was reflected in yesterday’s advanced Eurozone Consumer Confidence Index for September. Expectations called for a revised level of -7.0 from the initially reported level of -6.9, but the released data showed a level of -7.1. The disappointment sufficed to push the Euro further to the downside during a light trading session on low volume.

Today’s retail sales report out of Canada is anticipated to move the Canadian currency. Economists expect an increase of 0.8% for July month-over-month while retail sales excluding auto sales are anticipated to increase by 0.5%. This would represent an improvement over June’s increase of 0.6%, but a slowdown over the 0.8% excluding autos. Online binary option trading strategies favor a stronger Canadian Dollar after the report.

Today’s Binary Option Trading Recommendations Overview:

NZD/USD – Binary Call Option
EUR/GBP – Binary Call Option
USD/CAD – Binary Put Option
Crude Oil – Binary Put Option
EuroStoxx 50 – Binary Call Option

Currency Pairs on today’s Radar Screen:

NZD/USD – The NZD/USD is trying to stabilize inside of its new horizontal support level from where downside potential is limited. The 50 Day Moving Average (DMA) is moving lower and crossed below the 200 DMA which has flattened out. The Accelerator Oscillator (AC) has formed a positive divergence which supports an advance while the Relative Strength Index (RSI) is trading in oversold territory following the breakout from extreme oversold conditions.
NZD/USD Binary Options Trading Strategies
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside its horizontal support level. The NZD/USD is expected to accelerate back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6280 on the H1 Hourly Chart. The upside potential for this binary call option is 175 pips to 0.6455 while the downside potential is 80 pips to 0.6200. This results in a risk/reward ratio of 2.19.

EUR/GBP – The EUR/GBP broke out above its horizontal support level which was followed by an increase in upside pressure. The 50 DMA is moving to the downside and has increased the gap to the 200 DMA which started to descend. The AC confirms the increase in positive momentum for this currency pair. The RSI is trading in neutral conditions as a result from the advance after reaching extreme oversold territory.
EUR/GBP Binary Options Insights
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its 50 DMA, but below of its 200 DMA. The EUR/GBP is anticipated to push through its 200 DMA from where more upside is favored. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7260 on the H1 Hourly Chart. The upside potential for this binary call option is 100 pips to 0.7360 while the downside potential is 45 pips to 0.7215. This results in a risk/reward ratio of 2.22.

USD/CAD – The USD/CAD is testing the validity of its horizontal resistance level which is favored to prevent a continuation of the current uptrend. The 50 DMA crossed above the 200 DMA, but is likely to reverse this cross during the next move to the downside. The AC shows the formation of a negative divergence as the RSI is trading in overbought territory from where a breakdown into neutral conditions is likely to increase downside pressure.
USD/CAD trading Currencies
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. The USD/CAD is expected to reverse back down into its horizontal support level. Binary options traders are advised to seek binary put options in the USD/CAD currency pair on rallies above 1.3260 on the H1 Hourly Chart. The downside potential for this binary put option is 250 pips to 1.3010 while the upside potential is 90 pips to 1.3350. This results in a risk/reward ratio of 2.78.

Today’s Commodity Trade

Crude OilCrude Oil is faced with an increase in negative momentum provided by its descending resistance level. The ascending 50 DMA maintains its position above the 200 DMA which is moving higher as well. The AC points towards the loss in upside momentum in this commodity. The RSI is trading in neutral conditions following the move lower from overbought territory. Trading binary options carries very low transaction costs and is a great choice for traders looking to boost their portfolio with cheap trading alternatives.
Crude Oil
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level with an increase in negative momentum. Crude Oil is anticipated to move back down into its horizontal support level. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 45.90 on the H1 Hourly Chart. The downside potential for this binary put option is 230 pips to 43.60 while the upside potential is 110 pips to 47.00. This results in a risk/reward ratio of 2.09.

Today’s Equity Index Recommendation

EuroStoxx 50 – The EuroStoxx 50 halted its move lower inside of its newly formed horizontal support level from where negative momentum is being depleted. The descending 50 DMA is widening the gap to the 200 DMA which is drifting to the downside. The AC shows the formation of a positive divergence which favors a counter-trend move and the RSI is trading in oversold territory after advancing from extreme oversold conditions.
Eurostoxx 50 Index Trading Chart
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The EuroStoxx 50 is expected to drift into its 200 DMA from where more upside is likely to emerge. Binary option traders are advised to seek binary call options in the EuroStoxx 50 equity index on dips below 3,100.0 on the H1 Hourly Chart. The upside potential for this binary call option is 22,500 pips to 3,325.0 while the downside potential is 10,000 pips to 3,000.00. This results in a risk/reward ratio of 2.25.

Key Fundamental Data:

China – The preliminary Caixin Manufacturing PMI for September fell to 47.0. Expectations called for an improvement to 47.5 from August’s level of 47.3.
Eurozone – The final reading for the French second-quarter gross domestic product (GDP) is anticipated to confirm the previously reported level of 0.0% quarter-over-quarter and 1.0% increase year-over-year.
Eurozone – Expectations for the last revision to the Dutch GDP call for a confirmation of the initially reported growth rate of 0.1% quarter-over-quarter and 1.6% year-over-year.
Eurozone – The preliminary Markit Eurozone Composite PMI for September is expected to decrease to 54.0 from 54.3. The Markit Eurozone Manufacturing PMI is anticipated to decrease by 0.3 points to 52.0 and the Markit Eurozone Services PMI is called down by 0.2 points to a level of 52.2. The French data is expected to show a slightly better performance with the Composite PMI anticipated to rise to 50.4 from 50.2, the Manufacturing PMI to increase by 0.3 points to 48.6 and the Services PMI to rise to 51.0, up 0.4 points. Germany is likely to paint a different economic picture with a decrease in its Composite PMI to 54.6 from 55.0. The Manufacturing PMI is called down by 0.5 points to 52.8 while the Services PMI is anticipated to decrease by 0.4 points to 54.5.
Canada – Economists expect an increase of 0.8% in retail sales for the month of July while excluding auto sales an increase of 0.5% is anticipated. This would follow June’s increase of 0.6% and 0.8% respectively.
United States – The preliminary Markit Manufacturing PMI for September is expected to come in at 52.8 which would represent a slowdown over August’s level of 53.0.
United States – Expectations for the Energy Information Agency (EIA) report on crude oil inventories for the week ending September 18th 2015 call for a drawdown of 900,000 barrels. This would follow the previous week’s drawdown of 2,104,000.

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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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