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BINARY OPTIONS INSIGHTS FOR SEPTEMBER 28TH 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 28th, 2015 8:10am GMT, London UK

Market Recap & Outlook:

The United States released its revised second-quarter gross domestic product for 2015 during Friday’s trading sessions which showed an upward revision to 3.9% year-over-year. Economists expected no change from the initially reported growth rate of 3.7%. The upward revision can be attributed to the revised personal consumption data which now shows a gain of 3.6% from the previously reported level of 3.1%. Expectations called for a much smaller upward revision to 3.2%.

Japan will release its final revision to the Coincident Index as well as the Leading Economic Index for the month of July. Economists anticipate a confirmation of the initially reported level of 112.2 and 104.9 respectively. As other economic reports for the period came in lower than expected, the risk for today’s report remains to the downside. A binary options trading demo account can be used by new traders in order to learn how to operate the trading platform prior to funding a live account.

Personal income for the month of August is expected to rise by 0.4% in the United States while personal spending is anticipated to increase by 0.3%. This would match the increase of 0.4% and 0.3% which was reported in July respectively. Consumer spending accounts for over two-thirds of all economic activity and therefore is a vital part of economic growth in the country. The core Personal Consumption Expenditure Index for August is favored to match July’s increase of 0.1% month-over-month and 1.2% year-over-year.

Today’s Binary Option Trading Recommendations Overview:

GBP/JPY – Binary Call Option
EUR/USD – Binary Call Option
USD/CHF – Binary Put Option
Silver – Binary Put Option
CAC 40 – Binary Call Option

Currency Pairs on today’s Radar Screen:

GBP/JPY – The GBP/JPY was able to bounce higher after recording its intra-day low of 181.616 on September 24th 2015. The 50 Day Moving Average (DMA) has flattened out, but maintains its position below the descending 200 DMA. The Accelerator Oscillator (AC) confirms the increase in upside momentum for this currency pair. The Relative Strength Index (RSI) is trading in neutral conditions following the advance from extreme oversold territory.
GBP/JPY
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level with an increase in positive momentum. The GBP/JPY is expected to break out above its descending resistance level from where more upside is favored. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 183.100 on the H1 Hourly Chart. The upside potential for this binary call option is 510 pips to 188.200 while the downside potential is 210 pips to 181.000. This results in a risk/reward ratio of 2.43.

EUR/USD – The EUR/USD successfully completed a breakout above its horizontal support level which resulted in a momentum swap from negative to positive. The 50 DMA is drifting higher and narrowing the gap to the 200 DMA which is descending. The AC indicates the rise in positive momentum as the RSI is trading in neutral territory as a result of move to the upside following a brief dip into oversold conditions.
EUR/USD
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level. The EUR/USD is anticipated to push through its 200 DMA from where it can advance back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.1210 on the H1 Hourly Chart. The upside potential for this binary call option is 250 pips to 1.1460 while the downside potential is 110 pips to 1.1100. This results in a risk/reward ratio of 2.27.

USD/CHF – The USD/CHF is faced with a contraction in positive momentum which resulted from the breakdown below its horizontal resistance level. The 50 DMA is trending sideways, but remains above the 200 DMA which is drifting to the upside. The AC shows the formation of a negative divergence in this currency pair. The RSI is trading in neutral conditions after spiking into overbought territory; an increase in negative momentum resulted from the breakdown.
USD/CHF
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading just below of its horizontal resistance level. The USD/CHF is expected to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 0.9770 on the H1 Hourly Chart. The downside potential for this binary put option is 240 pips to 0.9530 while the upside potential is 75 pips to 0.9845. This results in a risk/reward ratio of 3.20.

Today’s Commodity Trade

SilverSilver is trapped between its ascending support level and its horizontal resistance level with an increase in downside pressure. The ascending 50 DMA continues to trade above the 200 DMA which is drifting to the upside. The AC points towards a contraction in positive momentum for this precious metal while the RSI is trading in neutral territory following the move to the downside from extreme overbought conditions.
Silver
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. Silver is anticipated to break down below its ascending support level from where the path is cleared to the downside. Binary options traders are advised to seek binary put options in Silver on rallies above 15.000 on the H1 Hourly Chart. The downside potential for this binary put option is 70 pips to 14.300 while the upside potential is 40 pips to 15.400. This results in a risk/reward ratio of 1.75.

Today’s Equity Index Recommendation

CAC 40 – The CAC 40 broke out above its horizontal support level. The 50 DMA has widened the distance to the 200 DMA as both moving averages are descending. The AC supports a continuation of the advance as upside momentum is on the rise and the RSI is trading in neutral conditions as a result of reversal from overbought territory. Futures trading platforms show an acceleration in call options for this equity index.
CAC 40
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level with an increase in positive momentum. The CAC 40 is expected to break out above its 200 DMA from where more upside is favored. Binary option traders are advised to seek binary call options in the CAC 40 equity index on dips below 4,470.0 on the H1 Hourly Chart. The upside potential for this binary call option is 26,000 pips to 4,730.0 while the downside potential is 11,000 pips to 4,360.0. This results in a risk/reward ratio of 2.36.

Key Fundamental Data:

Japan – Expectations for the final reading in the Coincident Index call for a level of 112.2 and 104.9 for the Leading Economic Index for July. This would confirm the initially released data.
Eurozone – Finish consumer confidence is set to improve to 8.9 in the month of September, up 0.6 points from August’s level of 8.3.
Eurozone – Economists anticipate Italian consumer confidence to rise to 102.8 in September while business confidence is expected to come in at 109.0. This would follow August’s level of 102.5 and 109.0 respectively.
Eurozone – Expectations for Irish retail sales in the month of August call for a contraction of 4.3% month-over-month and an increase of 8.4% year-over-year. This would mark a reversal over the surge of 11.6% and a slowdown over the increase of 9.9% which was reported in July.
United States – Personal income is anticipated to post an increase of 0.4% in August month-over-month while personal spending is called up by 0.3%. This would equal the rise which was reported in July. The core Personal Consumption Expenditure (PCE) Index is also expected to equal the 0.1% increase month-over-month and 1.2% increase year-over-year which was released for July.
United States – Economists expected pending home sales to rise by 0.4% in August month-over-month and 7.7% year-over-year. This would follow July’s increase of 0.5% and 7.2% respectively.
United States – The Dallas Federal Reserve Manufacturing Index for September is anticipated to clock in at a level of -9.5 following the -15.8 which was reported 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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