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BINARY OPTIONS INSIGHTS FOR OCTOBER 2ND 2015 – NFP

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
October 2nd, 2015 6:14am GMT, London UK

Market Recap & Outlook:

Manufacturing in China rose slightly in September according to the official Manufacturing PMI which improved to 49.8 from August’s level of 49.7. Despite the minor uptick, the manufacturing sector continues to contract indicated by the level below 50.0. The Non-Manufacturing PMI was reported at 53.4 which matched the level reported in the previous report. The Caixin Manufacturing PMI rose to 47.2 in its final revision for September, up 0.2 points from the previously reported level of 47.0 while the Caixin Services PMI dropped to 50.5 from 51.5.

Japanese household spending surged by 2.9% in August year-over-year following the 0.2% contraction which was reported in July. Economists expected an increase of 0.3%. The jobless rate rose to 3.4% which missed expectations for no change from July’s increase of 3.3% and the job-to-applicant ratio rose to 1.23 from July’s level of 1.21. New traders should take advantage of a binary options trading tutorial in order to familiarize themselves with the trading platform.
While today’s attention will remain with the non-farm payroll (NFP) report out of the United States which is expected to show the addition of 201,000 jobs for September with an unemployment rate of 5.1%, factory orders should not be ignored given the overall economic slowdown in the US. Economists’ anticipate a contraction of 1.3% for August which would reverse the 0.4% increase reported in July and add to the barrage of negative reports released over the past few months.

Today’s Binary Option Trading Recommendations Overview:
• GBP/JPY – Binary Call Option
• EUR/GBP – Binary Put Option
• USD/CAD – Binary Call Option
• Silver – Binary Call Option
• Nikkei 225 – Binary Put Option

Currency Pairs on today’s Radar Screen:
GBP/JPY – The GBP/JPY has entered a sideways trend inside of its horizontal support level. The 50 Day Moving Average (DMA) has flattened out and maintains its position below the descending 200 DMA. The Accelerator Oscillator (AC) shows a build-up in positive momentum as the Relative Strength Index (RSI) is trading in neutral conditions after drifting higher from oversold territory. This has further added to the rise in upside momentum.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. The GBP/JPY is expected to advance into its 200 DMA from where more upside is likely to emerge. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 181.800 on the H1 Hourly Chart. The upside potential for this binary call option is 510 pips to 186.900 while the downside potential is 180 pips to 180.000. This results in a risk/reward ratio of 2.83.

GBPJPY

EUR/GBP – The EUR/GBP is trapped above its 200 DMA and below its descending resistance level, below its horizontal resistance level. The descending 50 DMA, in a position above the 200 DMA, is narrowing the gap to the ascending 200 DMA. The AC indicates the decrease in upside momentum in this currency pair. The RSI is trading in neutral territory following its spike higher from oversold conditions; a breakdown into extreme levels is anticipated.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its descending resistance level, but above its 200 DMA. The EUR/GBP is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7370 on the H1 Hourly Chart. The downside potential for this binary put option is 170 pips to 0.7200 while the upside potential is 65 pips to 0.7435. This results in a risk/reward ratio of 2.62.

EURGBP

USD/CAD – The USD/CAD has completed the corrective phase which emerged from its intra-day high of 1.3457 recorded on September 29th 2015. The 50 DMA is moving to the downside and crossed below the 200 DMA which is drifting higher. The AC points towards an increase in positive momentum while the RSI is trading in oversold conditions as a result of its breakout from extreme oversold territory which has assisted the build-up in upside momentum.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level from where downward pressure is being depleted. The USD/CAD is expected to reverse back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3240 on the H1 Hourly Chart. The upside potential for this binary call option is 215 pips to 1.3455 while the downside potential is 80 pips to 1.3160. This results in a risk/reward ratio of 2.69.

USDCAD

Today’s Commodity Trade
Silver – Silver was able to find support inside of its horizontal support level which ended the move to the downside. The 50 DMA is moving lower and continues to trade below the 200 DMA which is descending as well. The AC supports a counter-trend move to the upside in this precious metal due to the build-up in positive momentum. The RSI is trading in neutral territory after advancing from extreme oversold conditions.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level while upward pressure is on the rise. Silver is anticipated to accelerate into its horizontal resistance level. Binary option traders are advised to seek binary call options in Silver on dips below 14.650 on the H1 Hourly Chart. The upside potential for this binary call option is 60 pips to 15.250 while the downside potential is 25 pips to 14.400. This results in a risk/reward ratio of 2.40.

Silver

Today’s Equity Index Recommendation
Nikkei 225 – The Nikkei 225 started to reverse after reaching its descending resistance level. The 50 DMA is advancing, but remains below the descending 200 DMA. The AC favors an extension of the move to the downside and the RSI is trading in neutral conditions as a result of the breakdown from extreme overbought territory. Trading futures options should be part of any well diversified trading portfolio in order to mitigate overall risk.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level, but above its 200 DMA. The Nikkei 225 is expected to resume its move lower until it can challenge its horizontal support level. Binary option traders are advised to seek binary put options in the Nikkei 225 equity index on rallies above 17,600.0 on the H1 Hourly Chart. The downside potential for this binary put option is 71,000 pips to 16,890.0 while the upside potential is 24,500 pips to 17,845.0. This results in a risk/reward ratio of 2.90.

Nikkei 225

Key Fundamental Data:
Japan – The jobless rate rose 0.1% in August to 3.4% while the job-to-applicant ratio rose to 1.23 which followed July’s level of 1.21. Economists expected a level of 3.3% and 1.22 respectively.
Japan – Household spending reversed July’s contraction of 0.2% year-over-year with an increase of 2.9% in August, beating expectations for an increase of 0.3%.
Eurozone – Economists anticipate the Spanish economy to show the addition of 17,900 jobs in September. This would follow August’s addition of 21,700.
United Kingdom – The Markit/CIPS Construction PMI is expected to increase to a level of 57.5 in September, up 0.2 points from August’s level of 57.3.
Eurozone – Expectations for the producer price index (PPI) call for a contraction of 0.6% in August month-over-month and 2.4% year-over-year. This would represent an increase in deflation as compared to July’s contraction of 0.1% and 2.1% respectively.
United States – The non-farm payroll report (NFP) is anticipated to show the addition of 201,000 jobs and an unemployment rate of 5.1%. This would follow August’s addition of 173,000 jobs and unemployment rate of 5.1%. Private payrolls are expected to rise by 197,000 in September, up from the previous month’s addition of 140,000. Average hourly earnings are set to rise by 0.2% month-over-month and 2.4% year-over-year. This would mark a slowdown over August’s increase of 0.3% month-over-month, but an increase over the 2.2% increase reported year-over-year. The average hourly workweek as well as the labor force participation rate is expected to remain unchanged at 34.6 hours and 62.6% respectively.
United States – Economists anticipate an increase in the New York ISM Index to 54.0 in September after being reported at 51.1 in August.
United States – Expectations for factory orders call for a contraction of 1.3% in August month-over-month and excluding transportation a contraction of 0.1% is anticipated. This would follow September’s increase of 0.4% and contraction of 0.6% respectively.

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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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