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BINARY OPTIONS INSIGHTS FOR SEPTEMBER 3RD 2015

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By: Adam Stone
September 3rd, 2015 6:35am GMT, London UK

Market Recap & Outlook:

Yesterday’s report for the New Zealand ANZ Commodity Price Index showed a contraction of 5.2% in August. This was slightly above the downward revised contraction of 5.5% which was reported for July, but overall shows a deflationary trend in the commodity sector on which the New Zealand economy is heavily dependent. During this morning Asian trading session the Value of All Buildings Index for the second-quarter rose by 1.6%. Economists were looking for an increase of 0.5% following the upward revised 1.8% increase reported in the first-quarter of 2015.

The ADP report out of the United States showed the addition of 190,000 private sector jobs for August. Economists expected the addition of 200,000 jobs which would have represented an increase over the downward revised 177,000 jobs which were reported for July. The NFP report for July showed the addition of 210,000 private sector jobs which is 32,000 jobs above the ADP data or within the margin of error for this report which is roughly 35,000. Today’s ADP figure puts Friday’s NFP private sector job data in a range between 158,000 and 228,000.

The European Central Bank (ECB) is expected to keep its benchmark interest rates unchanged at 0.05% while the marginal lending facility rate is also expected to remain on hold at 0.30% and so is the deposit facility rate at -0.20%. It is unlikely that the ECB will make an adjustment to its monetary policy over the remainder of 2015 and keeps its attention on the impact of its quantitative easing program. An online trading demo could be a good exercise for new traders to learn how to operate the trading platform.

Today’s Binary Option Trading Recommendations Overview:

NZD/USD – Binary Call Option
EUR/GBP – Binary Put Option
USD/CAD – Binary Put Option
Gold – Binary Call Option
CAC 40 – Binary Call Option

Currency Pairs on today’s Radar Screen:

NZD/USD – The NZD/USD is trending sideways inside of its horizontal support level while downward pressure is being depleted. The 50 Day Moving Average (DMA) is drifting sideways as well and remains below its descending 200 DMA. The Accelerator Oscillator (AC) points towards an increase in upward pressure as the Relative Strength Index (RSI) is trading in neutral territory as a result of the reversal from extreme oversold conditions.
NZD/USD
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The NZD/USD is anticipated to drift into its 200 DMA from where a breakout will clear the path to its horizontal resistance level. Binary options traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6380 on the H1 Hourly Chart. The upside potential for this binary call option is 260 pips to 0.6640 while the downside potential is 80 pips to 0.6300. This results in a risk/reward ratio of 3.25.

EUR/GBP – The EUR/GBP reversed course after reaching its enforced resistance level which prevented a continuation of the advance. The 50 DMA as well as the 200 DMA are both moving to the upside. The AC indicates the loss in upward pressure for this currency pair. The RSI is trading in neutral territory after breaking down from extreme overbought conditions which has additionally contributed to an increase in downward pressure.
EUR/GBP Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level. The EUR/GBP is expected to breakdown below its ascending 200 DMA from where this currency pair can accelerate to the downside. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7320 on the H1 Hourly Chart. The downside potential for this binary put option is 75 pips to 0.7245 while the upside potential is 30 pips to 0.7350. This results in a risk/reward ratio of 2.50.

USD/CAD – The USD/CAD is approaching its descending resistance level which is expected to halt the move to the upside. The ascending 50 DMA continues to trade below the ascending 200 DMA. The AC confirms a decrease in positive momentum which supports a price action reversal while the RSI is trading in neutral conditions after advancing from oversold territory. Trading seminars can offer valuable trading lessons for new binary options traders.
USD/CAD Trading Session
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its descending resistance level. The USD/CAD is anticipated to reverse its advance in order to challenge its horizontal support level. Binary option traders are advised to seek binary put options in the USD/CAD currency pair on rallies above 1.3250 on the H1 Hourly Chart. The downside potential for this binary put option is 130 pips to 1.3120 while the upside potential is 60 pips to 1.3310. This results in a risk/reward ratio of 2.17.

Today’s Commodity Trade

GoldGold continues to trade inside of its bullish price channel which has guided this precious metal to the upside: a trend which is likely to remain intact. The 50 DMA and the 200 DMA trade in close proximity to each other and a prone for false crossovers. The AC suggests more upside potential in this commodity and the RSI is trading in oversold territory following the contraction from extreme overbought conditions.
Gold Price Trading Chart
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its bullish price channel with an increase in upward pressure. Gold is expected to advance into its horizontal resistance level. Binary option traders are advised to seek binary call options in Gold on dips below 1,135.00 on the H1 Hourly Chart. The upside potential for this binary call option is 3,500 pips to 1,170.00 while the downside potential is 1,700 pips to 1,118.00. This results in a risk/reward ratio of 2.06.

Today’s Equity Index Recommendation

CAC 40 – The CAC 40 has reached its ascending support level which emerged from its intra-day low of 4,225.0 reached on August 24th 2015. The descending 50 DMA continues to trade below the 200 DMA which is moving to the downside as well. The AC favors a continuation of the uptrend as positive momentum is on the rise. The RSI is trading in neutral conditions after advancing from extreme oversold territory.
CAC 40
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading below of its 200 DMA, but upward momentum is on the rise. The CAC 40 is anticipated to spike into its horizontal resistance level. Binary option traders are advised to seek binary call options in the CAC 40 equity index on dips below 4,580.0 on the H1 Hourly Chart. The upside potential for this binary call option is 44,500 pips to 5,025.0 while the downside potential is 15,000 pips to 4,430.0. This results in a risk/reward ratio of 2.97.

Key Fundamental Data:

New Zealand – The Value of All Building Index for the second-quarter rose by 1.6% quarter-over-quarter which represented a slowdown as compared to the first-quarter’s upward revised increase of 1.8%, but came in above expectations for an increase of only 0.5%.
Eurozone – Economists expect the final revision for August’s Markit Eurozone Services PMI and Eurozone Markit Composite PMI to confirm the initially reported levels of 54.3 and 54.1 respectively.
United Kingdom – Expectations for the Markit/CIPS Services PMI call for an increase to 57.7 in August from July’s level of 57.4.
Eurozone – Retail sales in the Eurozone are anticipated to post an increase of 0.5% in July month-over-month and 2.0% year-over-year. This would mark a reversal from June’s contraction of 0.6% month-over-month and a strong improvement over the year-over-year increase of 1.2%.
Eurozone – Economists expect no change out of the European Central Bank (ECB) today which would leave the interest rate, the marginal lending facility rate and the deposit facility rate at 0.05%, 0.30% and -0.20% respectively.
Canada – International merchandise trade for July is expected to post a decrease of C$1.25 billion after contracting by C$0.48 billion in June.
United States – Economists anticipate initial jobless claims to rise by 4,000 in the week ending August 29th 2015 to 275,000 while continuing claims are expected to decrease by 19,000 to 2,250,000 for the week ending August 22nd 2015.
United States – The US trade deficit for August is expected to come in at $43.00 billion, slightly below July’s trade deficit of $43.84 billion.
United States – Expectations for the final reading on the Markit Composite PMI as well as the Markit Services PMI for August call for no change from the previously reported level of 55.0 and a downward revision to 55.0 from 55.2 respectively.
United States – Economists expect the ISM Non-Manufacturing Index for August to decrease to 58.4 from July’s level of 60.3.

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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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