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BINARY OPTIONS INSIGHTS FOR OCTOBER 5TH 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 5th, 2015 5:00am GMT, London UK

Market Recap & Outlook:

HIA New Home sales rose by 2.3% in August month-over-month in Australia which followed the 1.8% contraction reported in July. The turnaround in the housing sector provided a boost to the Australian currency. Adding to the positive economic data was the increase of 0.4% in retail sales reported for August month-over-month which matched expectations. This represented a strong increase as compared to the 0.1% contraction reported in July.

Following the disappointing addition of only 142,000 non-farm payrolls (NFP) for September as well as the downward revision to 136,000 in August in an overall dismal employment report, factory orders plunged by 1.7% in August. Economists anticipated a contraction of only 1.3 following July’s downward revised increase of 0.2%. Factory orders excluding transportation posted a contraction of 0.8%, adding to July’s upward revised contraction of 0.7%.

Today’s ISM Non-Manufacturing Composite PMI out of the United States for September is expected to drop to a level of 57.5. This followed August’s level of 59.0, but given the string of disappointing economic data out of the US the risk remains for a lower level than anticipated. The US Dollar could come under pressure after the release of this report. Binary options trading sites confirm the call for a weaker US currency.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Put Option
• USD/JPY – Binary Put Option
• EUR/GBP – Binary Put Option
• Gold – Binary Put Option
• EuroStoxx 50 – Binary Call Option

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD is losing upside momentum inside of its horizontal resistance level from where a price action reversal is anticipated. The 50 Day Moving Average (DMA) is advancing and crossed above the descending 200 DMA which has caused the gap to widen. The Accelerator Oscillator (AC) indicates the contraction in positive momentum while the Relative Strength Index (RSI) is trading in overbought conditions after advancing from oversold territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading above of its 200 DMA and inside of its horizontal resistance level. The AUD/USD is anticipated to break down from current levels. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7060 on the H1 Hourly Chart. The downside potential for this binary put option is 125 pips to 0.6935 while the upside potential is 40 pips to 0.7100. This results in a risk/reward ratio of 3.13.

AUDUSD

USD/JPY – The USD/JPY spiked higher from its intra-day low of 118.681 recorded on October 2nd 2015 which led to a breakout above its horizontal support level and is now trading near its descending resistance level. The 50 DMA is trending sideways and remains below the 200 DMA which is moving sideways as well. The AC confirms the reduction in upside momentum for this currency pair. The RSI is trading in neutral territory following the move higher from extreme oversold conditions.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its descending resistance level. The USD/JPY is expected to descend in order to test its horizontal support level. Binary option traders are advised to seek binary put options in the USD/JPY currency pair on rallies above 119.800 on the H1 Hourly Chart. The downside potential for this binary put option is 110 pips to 118.700 while the upside potential is 30 pips to 120.100. This results in a risk/reward ratio of 3.67.

USDJPY

EUR/GBP – The EUR/GBP failed to breakout above its horizontal resistance level and reversed course. The 50 DMA maintains it position above the 200 DMA, but the gap is closing and a crossover is anticipated. The AC shows the increase in downside pressure and the RSI is trading in neutral conditions as a result of the breakdown from overbought territory. This has additionally increase negative momentum in this currency pair.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level as downside pressure is on the rise. The EUR/GBP is anticipated to break down below its 200 from where a continuation of the move is favored. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7375 on the H1 Hourly Chart. The downside potential for this binary put option is 135 pips to 0.7240 while the upside potential is 65 pips to 0.7440. This results in a risk/reward ratio of 2.08.

EURGBP

Today’s Commodity Trade
Gold – Gold accelerated to the upside following the breakout above its horizontal support level, but is now being pressured into a reversal by its descending resistance level. The 50 DMA started to advance, but continues to trade below the 200 DMA which is trending sideways. The AC suggest a price action reversal as upside pressure has collapsed as RSI is trading in extreme overbought territory as a breakdown is favored to lead to a counter-trend move.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below its descending resistance level and above of its 200 DMA. Gold is expected to retrace its advance until it will reach its horizontal support level. Binary option traders are advised to seek binary put options in Gold on rallies above 1,133.00 on the H1 Hourly Chart. The downside potential for this binary put option is 2,830 pips to 1,104.70 while the upside potential is 1,360 pips to 1,146.60. This results in a risk/reward ratio of 2.08.

Gold

Today’s Equity Index Recommendation
EuroStoxx 50 – The EuroStoxx 50 is advancing inside of its bullish price channel which emerged following the breakout above its horizontal support level. The ascending 50 DMA is closing in in the descending 200 DMA. The AC points towards more upside as positive momentum is increasing. The RSI is trading in neutral conditions as a result of the move higher from extreme oversold territory. Open a trading account today and enjoy the benefits of binary options trading.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its bullish price channel. The EuroStoxx 50 is anticipated to breakout and accelerate into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EuroStoxx 50 equity index on dips below 3,115.0 on the H1 Hourly Chart. The upside potential for this binary call option is 17,500 pips to 3,290.0 while the downside potential is 8,000 pips to 3,035.0. This results in a risk/reward ratio of 2.19.

EuroStoxx 50

Key Fundamental Data:
Australia – The AiG Performance of Services Index came in at 52.3 in September. This represented a slowdown over August’s level of 55.6.
Australia – TD Securities Inflation posted an increase of 0.3% in September month-over-month and 1.9% year-over-year. This followed August’s increase of 0.1% and 1.7% respectively.
Japan – Labor cash earnings for August increased by 0.5% in August year-over-year after rising by an upward revised 0.9% in July.
Japan – The Nikkei Composite PMI decreased to 51.2 in September and the Nikkei Services PMI dropped to 51.4. This followed the 52.9 and 53.7 which were reported in August.
Eurozone – Economists anticipate the Investec Services PMI for September to post an increase to 62.5, up 0.4 points from the 62.1 which was reported in August.
Eurozone – The Spanish Markit Services PMI for September is expected to come in at 58.9, down 0.7 points from August’s 59.6 while the Italian Markit/ADACI Services PMI is anticipated to drop by 0.5 points to 54.1 from 54.6.
Eurozone – Expectations for the final revision to the September Eurozone Markit Composite PMI and the Eurozone Markit Services PMI favor a level of 53.9 and 54.0 respectively which would confirm the initially reported data. The French Markit Composite PMI is also expected to confirm the previously reported level of 51.4 and so is the French Markit Services PMI at a level of 51.2. Germany is anticipated to show the final figure for the Markit/BME Composite PMI and for the Markit Services PMI at 54.3 for both which would match the data from the previous report.
United Kingdom – Economists anticipate the Markit/CIPS Composite PMI to decrease by 0.2 points to 54.9 in September from the 55.1 which was released in August. The Markit/CIPS Services PMI is expected to rise to 56.0, up 0.4 points from August’s level of 55.6.
Eurozone – Retail sales in the Eurozone are expected to contract by 0.2% in August month-over-month, but to increase by 1.6% year-over-year. This would follow July’s increase of 0.4% month-over-month and 2.7% increase year-over-year.
United States – Economists anticipate the final reading for the Markit Composite PMI as well as for the Markit Services PMI to confirm the previously released levels of 55.3 and 55.6 respectively.
United States – The ISM Non-Manufacturing Composite PMI is favored to clock in at 57.5 in September after being reported at 59.0 in August.
United States – Expectations for the Labor Market Conditions Index Change call for a decrease to 1.4 in September, down 0.7 points from August’s level of 2.1.

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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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