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BINARY OPTIONS INSIGHTS FOR SEPTEMBER 9TH 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 9th, 2015 9:25am GMT, London UK

Market Recap & Outlook:

The Australian consumer lost confidence for the week ending September 6th 2015 as measured by the ANZ Roy Morgan Weekly Consumer Confidence Index which dropped to 106.7 from the previous week’s level of 113.3. In addition NAB Business Confidence for August plunged to a level of 1 from July’s level of 4, but NAB Business Conditions rose to 11 from 6. The economic data sufficed to allow the Australian Dollar a drift to the upside.

Remaining with Australian fundamental data, during this morning’s Asian trading session The Westpac Consumer Confidence Index for September was reported at 93.9, down 5.6%. This followed the 7.8% increase to 99.5 which was reported in August. On the other side, home loans for the month of July rose by only 0.3% after posting an increase of 4.8% in June while investment lending rose by 0.5% following the 0.5% contraction reported in the previous month.

Today’s trade deficit out of the United Kingdom is likely to spike volatility in the British Pound. Expectations call for a total trade deficit of £1,950 million in July while the visible trade deficit is anticipated at £9,500 million. This would represent an increase over June’s deficits of £1,601 million and £9,184 million respectively. The non-EU trade deficit is called to expand to £1,825 million in July from June’s deficit of £1,620 million. Option spread trading points towards an expected volatility spike following the release of this report.

Today’s Binary Option Trading Recommendations Overview:

AUD/USD – Binary Put Option
GBP/JPY – Binary Put Option
EUR/GBP – Binary Call Option
Gold – Binary Call Option
FTSE 100 – Binary Call Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD has completed the breakout above its horizontal support level and is now approaching its descending resistance level. The 50 Day Moving Average (DMA) started to advance, but remains below the descending 200 DMA. The Accelerator Oscillator (AC) indicates the formation of a negative divergence while the Relative Strength Index (RSI) is trading in extreme overbought territory which is not sustainable and a breakdown is favored.
AUD/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below its descending resistance level. The AUD/USD is expected to reveres its advance and descend back into its horizontal support level. Binary options traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7050 on the H1 Hourly Chart. The downside potential for this binary put option is 140 pips to 0.6910 while the upside potential is 70 pips to 0.7120. This results in a risk/reward ratio of 2.00.

GBP/JPY – The GBP/JPY has spiked to the upside following the breakout above tis horizontal support level. The 50 DMA has reversed its downtrend and is drifting higher while the 200 DMA is flattening out with a downward bias. The AC shows momentum in this currency pair retreating from its peak and the RSI is trading in overbought conditions as a result of its breakdown from extreme overbought territory which increased downward pressure while a negative divergence formed as well.
GBP/JPY Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading above of its 200 DMA. The GBP/JPY is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the GBP/JPY currency pair on rallies above 185.200 on the H1 Hourly Chart. The downside potential for this binary put option is 480 pips to 180.400 while the upside potential is 225 pips to 187.450. This results in a risk/reward ratio of 2.13.

EUR/GBP – The EUR/GBP has collapsed into its newly formed horizontal support level from where a counter-trend move is likely. The descending 50 DMA crossed below the 200 DMA which is caught in a down drift of its own. The AC indicates the formation of a positive divergence supporting an advance in this currency pair. The RSI is trading in neutral territory following the reversal from extreme oversold conditions.
EUR/GBP Binary Options Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading just above of its horizontal support level. The EUR/GBP is expected to accelerate into its descending resistance level from where a breakout is favored. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7280 on the H1 Hourly Chart. The upside potential for this binary call option is 115 pips to 0.7395 while the downside potential is 40 pips to 0.7240. This results in a risk/reward ratio of 2.88.

Today’s Commodity Trade

GoldGold was able to advance after reaching its intra-day low of 1,116.03 on September 7th 2015 and is now trading above its horizontal support level. The 50 DMA continues to trade below the 200 DMA as both moving averages are trending sideways. The AC suggest a continuation of the move higher as positive momentum is on the rise for this precious metal. The RSI is trading in overbought conditions after recovering from extreme oversold territory and likely to reach extreme overbought levels.

Gold Binary Options Insights
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above its horizontal support level, but below its 200 DMA. Gold is anticipated to accelerate to the upside in order to challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in Gold on dips below 1,127.00 on the H1 Hourly Chart. The upside potential for this binary call option is 2,075 pips to 1,147.75 while the downside potential is 1,100 pips to 1,116.00. This results in a risk/reward ratio of 1.89.

Today’s Equity Index Recommendation

FTSE 100 – The FTSE 100 remains inside of its bullish price channel which emerged after the successful breakout above its horizontal support level. The 50 DMA is narrowing the gap to the 200 DMA. The AC favors a continuation of the uptrend as the RSI is trading in overbought territory as a result of the advance from oversold conditions favored to advance into extreme overbought levels. What are trade options? Trade options are available assets for binary option traders to transact in their portfolios.
FTSE 100
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its bullish price channel. The FTSE 100 is expected to continue its uptrend until it will reach its horizontal resistance level. Binary option traders are advised to seek binary call options in the FTSE 100 equity index on dips below 6,180.00 on the H1 Hourly Chart. The upside potential for this binary call option is 36,500 pips to 6,545.00 while the downside potential is 16,500 pips to 6,015.00. This results in a risk/reward ratio of 2.21.

Key Fundamental Data:

United Kingdom – The BRC Shop Price Index plunged by 1.4% in August year-over-year which matched July’s contraction of 1.4%. Economists expected a contraction of only 0.2%.
Australia – The Westpac Consumer Confidence Index for September came in at 93.9 which represented a contraction of 5.6%. This followed the 7.8% increase to 99.5 released for the month of August.
Australia – Home loans were reported to have risen by just 0.3% in July and investment lending posted an increase of 0.5%. This marked a slowdown as compared to June’s upward revised increase of 4.8% and downward revised contraction of 0.5% respectively. The value of all loans rose by 2.0% after rising by an upward revised 6.7% in the previous month.
Japan – Economists expect consumer confidence for August to increase to 40.5 after being reported at 40.3 in July.
United Kingdom – Expectations for industrial production call for an increase of 0.1% in July month-over-month and 1.4% year-over-year. This would follow the 0.4% contraction and 1.5% increase reported in June. Manufacturing production is anticipated to increase by 0.2% month-over-month and 0.5% year-over-year which would match the expansion reported in the previous month.
United Kingdom – The total trade deficit for July is expected to come in at £1,950 million and the visible trade deficit is anticipated to come in at £9,500 million. This would mark higher deficits as compared to June’s level of £1,601 million and £9,184 million respectively. The non-EU trade deficit is anticipated to increase to £1,825 million from June’s deficit of £1,620 million.
United Kingdom – Economists expect the NIESR Gross Domestic Product Estimate for August to be reported at a 0.7% increase which would match the 0.7% increase reported in July.
United States – Expectations for the JOLTS Job Opening Index for July call for a level of 5,300 which would represent an increase over June’s level of 5,249.

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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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