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BINARY OPTIONS INSIGHTS FOR OCTOBER 30TH 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
October 30th, 2015 5:58am GMT, London UK

Market Recap & Outlook:

The advanced reading for the third-quarter gross domestic product (GDP) out of the United States showed a bigger-than-expected downward revision and came in at an increase of 1.2% quarter-over-quarter and 1.5% year-over-year. Expectations called for a growth rate of 1.4% and 1.6% following the previously released figure of 2.1% and 3.9% respectively. A binary options strategy book could be useful to new traders in order to compare the results of different strategies applied.
The housing market in the US delivered another disappointment with a contraction of 2.3% in pending home sales for September month-over-month and an increase of only 2.5% year-over-year. Expectations called for an increase of 1.0% and 7.4% respectively. This followed August’s contraction of 1.4% and downward revised increase of 6.6%. The housing sector is a key driver for consumer spending and could lead to a decline in retail sales.
The national consumer price index (CPI) out of Japan for the month of September came in at 0.0% year-over-year. Economists anticipated a reading of 0.0% which would represented a slowdown over the 0.2% increase reported in August. The core national CPI which excludes food and energy rose by 0.9% while the national CPI excluding fresh food contracted by 0.1%. Expectations called for an increase of 0.9% and a contraction of 0.2% following August’s increase of 0.8% and contraction of 0.1% respectively.

Today’s Binary Option Trading Recommendations Overview:
• EUR/JPY – Binary Call Option
• GBP/USD – Binary Call Option
• EUR/GBP – Binary Call Option
• Platinum – Binary Call Option
• CAC 40 – Binary Put Option

Currency Pairs on today’s Radar Screen:
EUR/JPY – The EUR/JPY broke out above its horizontal support level which forced a momentum change from positive to negative. The 50 Day Moving Average (DMA) started to flatten out below the 200 DMA which is descending. The Accelerator Oscillator (AC) favors more upside from current levels while the Relative Strength Index (RSI) is trading in neutral conditions after ascending from extreme oversold conditions.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its 50 DMA as positive momentum is on the rise. The EUR/JPY is expected to drift into its 200 DMA from where more upside is anticipated. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 133.000 on the H1 Hourly Chart. The upside potential for this binary call option is 340 pips to 136.400 while the downside potential is 140 pips to 131.600. This results in a risk/reward ratio of 2.43.

EURJPY

GBP/USD – The GBP/USD bounced to the upside after recording its most recent intra-day low of 1.5242 yesterday on October 29th 2015. The sideways drifting 50 DMA maintains its position below the descending 200 DMA. The AC indicates the accumulation of positive momentum in this currency pair. The RSI is trading in overbought territory as a result of the advance from oversold conditions; a push into extreme overbought levels is expected.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level. The GBP/USD is anticipated to accelerate back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the GBP/USD currency pair on dips below 1.5330 on the H1 Hourly Chart. The upside potential for this binary call option is 175 pips to 1.5505 while the downside potential is 85 pips to 1.5245. This results in a risk/reward ratio of 2.06.

GBPUSD

EUR/GBP – The EUR/GBP is stabilizing inside of its horizontal support level from where downside pressure is being depressed. The 50 DMA continues to trade below the 200 DMA and both moving averages are descending. The AC points towards an increase in upside momentum and the RSI is trading in neutral conditions following the reversal from extreme oversold territory which provided a boost to positive pressure.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. The EUR/GBP is expected to complete a breakout and advance back into resistance. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7180 on the H1 Hourly Chart. The upside potential for this binary call option is 195 pips to 0.7375 while the downside potential is 80 pips to 0.7100. This results in a risk/reward ratio of 2.44.

EURGBP

Today’s Commodity Trade
Platinum – Platinum reversed the breakout above its horizontal support level back down into its ascending support level. The ascending 50 DMA is narrowing the gap to the descending 200 DMA. The AC supports an extension of the breakout with a build-up in positive pressure. The RSI is trading in neutral territory after moving higher from oversold conditions. A binary option demo account will allow new traders to understand the trading platform without taking risk.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its ascending support level. Platinum is anticipated to push above its 200 DMA from where the path is clear to its horizontal resistance level. Binary option traders are advised to seek binary call options in Platinum on dips below 992.0 on the H1 Hourly Chart. The upside potential for this binary call option is 2,950 pips to 1,021.5 while the downside potential is 1,100 pips to 981.0. This results in a risk/reward ratio of 2.68.

Platinum

Today’s Equity Index Recommendation
CAC 40 – The CAC 40 broke down below its horizontal resistance level and is now faced with a spike in downside pressure. The 50 DMA is moving to the downside and closing in on the 200 DMA which is moving higher. The AC suggests a corrective phase in this equity index due to the decrease in upside momentum as the RSI is trading in neutral conditions as a result of the collapse from extreme overbought territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level while negative pressure is accumulating. The CAC 40 is expected to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in the CAC 40 equity index on rallies above 4,850.0 on the H1 Hourly Chart. The downside potential for this binary put option is 27,000 pips to 4,580.0 while the upside potential is 10,000 pips to 4,950.0. This results in a risk/reward ratio of 2.70.

CAC 40

Key Fundamental Data:
Japan – The jobless rate for September matched expectations for no change from August’s level of 3.4% and the job-to-applicant ratio rose by 0.01 to 1.24 from the previous month’s 1.24 which also matched expectations.
Japan – Household spending disappointed with a contraction of 0.4% in September year-over-year. This followed August’s increase of 2.9% and came in well below the anticipated increase of 1.2%.
Japan – Economists expect an increase of 6.4% in September year-over-year to 936,000 units after being reported at an increase of 8.8% to 931,000 units.
Eurozone – German retail sales for September are set to rise by 0.4% month-over-month and 4.1% year-over-year. This would represent a reversal over August’s contraction of 0.6% month-over-month and an improvement over the 2.5% increase year-over-year.
Eurozone – The unemployment rate for September is called in at 11.0% which would equal the 11.0% rate released in the previous month.
Eurozone – Economists anticipate a level of 0.0% for the October consumer price index (CPI) year-over-year while the CPI excluding food and energy, referred to as the core CPI, is set to rise by 0.9%. This would follow the decrease of 0.1% and equal the 0.9% increase year-over-year which was reported in September.
United States – The third-quarter employment cost index is favored to rise by 0.6%, up 0.4% from the 0.2% increase released in the second-quarter.
United States – Expectations for personal income call for an increase of 0.2% in September and personal spending is anticipated to rise by 0.2% as well. This would follow August’s increase of 0.3% in personal income and 0.4% in personal spending. Real personal spending is called up by 0.2% in September after being reported at an increase of 0.4% in August. The personal consumption expenditure (PCE) deflator is favored to contract by 0.1% month-over-month, but to rise by 0.2% year-over-year after being reported at 0.0% and at an increase of 0.3% in the previous month respectively. Expectations for the core PCE deflator call for an increase of 0.2% month-over-month and 1.4% year-over-year. This would follow August’s increase of 0.1% month-over-month and 1.3% year-over-year.
United States – The NAPM-Milwaukee Index for October is called in at 44.00 after clocking in at 39.44 in September.
United States – Economists anticipate an increase to 49.4 for the October Chicago Purchasing Managers Index. This would mark an improvement over September’s reading of 48.7.
United States – The final revision to the October University of Michigan Consumer Confidence Index is set to rise by 0.4 points to 92.5 from the initially released figure of 92.1.

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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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