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BINARY OPTIONS INSIGHTS FOR OCTOBER 9TH 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 9th, 2015 5:32am GMT, London UK

Market Recap & Outlook

Japan released its Eco Watchers Survey September which came in mixed. The Current Conditions Index decreased to a level of 47.5 which missed expectations for a much smaller contraction to 49.0 from August’s 49.3. The Outlook Index rose to 49.1 in September, up 0.9 points from the 48.2 which was released in the previous month and above economists’ expectations for an increase to 48.3. The Japanese Yen remained stable after the release of this report. Is binary options trading profitable? Indeed, binary options trading can be very profitable if executed properly.
The Canadian housing sector has performed stronger than anticipated as housing starts rose to 230,700 in September. This followed August’s downward revised figure of 214,300, but was well above expectations for a decrease to 202,500 housing starts. Adding to the upbeat housing report was the increase of 0.3% in the New Housing Price Index for August month-over-month and 1.3% year-over-year. Expectations called for an increase of 0.2% and 1.3% respectively after July’s data showed an increase of only 0.1% month-over-month and 1.3% year-over-year.

Remaining with Canadian economic data, today’s employment report is expected to show the addition of 10,000 jobs for the month of September and an unemployment rate of 6.9%. This would follow the 12,000 job additions reported in August where the unemployment rate stood at 7.0%. The labor force participation rate is anticipated to decrease by 0.1% to 65.8%. In a separate report, Business Outlook for Future Sales is called down to a level of 4 in the third-quarter or half the level released for the second-quarter.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Put Option
• EUR/JPY – Binary Put Option
• USD/CAD – Binary Call Option
• Crude Oil – Binary Put Option
• NASDAQ 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD is depleting upside pressure inside of its horizontal resistance level from where a counter-trend move is favored. The ascending 50 Day Moving Average (DMA) continues to trade above the 200 DMA which is advancing as well. The Accelerator Oscillator (AC) confirms the collapse in upside momentum as the Relative Strength Index (RSI) is trading in overbought territory after breaking down from extreme overbought conditions and a negative divergence has formed.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. The NZD/USD is expected to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the NZD/USD currency pair on rallies above 0.6650 on the H1 Hourly Chart. The downside potential for this binary put option is 350 pips to 0.6300 while the upside potential is 90 pips to 0.6740. This results in a risk/reward ratio of 3.89.

NZDUSD

EUR/JPY – The EUR/JPY entered a sideways trend after breaking down below its horizontal resistance level and is now being pressured by its descending resistance level. The 50 DMA started to move to the downside above the 200 DMA which is drifting higher. The AC shows the decrease in upside momentum for this currency pair. The RSI is trading in neutral conditions as a result of the drift lower from overbought territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below its enforced resistance level. The EUR/JPY is anticipated to complete a breakdown below its 200 DMA from where more downside is expected. Binary option traders are advised to seek binary put options in the EUR/JPY currency pair on rallies above 135.100 on the H1 Hourly Chart. The downside potential for this binary put option is 165 pips to 133.450 while the upside potential is 60 pips to 135.700. This results in a risk/reward ratio of 2.75.

EURJPY

USD/CAD – The USD/CAD has ended its move to the downside which emerged from its intra-day high of 1.3457 reached on September 29th 2015. The 50 DMA started to trend sideways, but maintains its position below the descending 200 DMA. The AC indicates the build-up in positive momentum while the RSI is trading in oversold territory following the advance from extreme oversold conditions which has boosted positive momentum.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The USD/CAD is expected to enter a counter-trend move to the upside. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3010 on the H1 Hourly Chart. The upside potential for this binary call option is 445 pips to 1.3455 while the downside potential is 150 pips to 1.2860. This results in a risk/reward ratio of 2.97.

USDCAD

Today’s Commodity Trade
Crude Oil – Crude Oil has reached its horizontal resistance level from where upside momentum is fading. The ascending 50 DMA has widened the gap to the 200 DMA which is drifting higher. The AC points towards a retreat from its peak as downside pressure is accumulating and the RSI is trading in overbought conditions after reversing from extreme overbought territory. Binary options platforms indicate an increase in put options for this commodity.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level with an increase in negative momentum. Crude Oil is anticipated to break down below its 50 DMA from where it can accelerate to the downside. Binary option traders are advised to seek binary put options in the Crude Oil on rallies above 49.25 on the H1 Hourly Chart. The downside potential for this binary put option is 530 pips to 43.95 while the upside potential is 165 pips to 50.90. This results in a risk/reward ratio of 3.21.

Crude Oil

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 is validating its horizontal resistance level from where a breakdown is favored to result in a change of momentum from positive to negative. The 50 DMA is drifting to the upside and continues to trade above the 200 DMA which is ascending at a slow pace. The AC supports a continuation of the contraction in price action as negative momentum is on the rise. The RSI is trading in overbought territory as a result of its advance from oversold conditions.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. The NASDAQ 100 is expected to drift down into its 200 DMA from where a breakdown is favored. Binary option traders are advised to seek binary put options in the NASDAQ 100 equity index on rallies above 4,330.00 on the H1 Hourly Chart. The downside potential for this binary put option is 27,500 pips to 4,055.00 while the upside potential is 12,000 pips to 4,450.00. This results in a risk/reward ratio of 2.29.

NASDAQ 100

Key Fundamental Data:
New Zealand – Retail card spending rose by 0.9% in September month-over-month while overall card spending rose by 0.7%. This followed August’s increase of 0.4% and 0.1% respectively.
Eurozone – Economists expect a contraction of 1.5% in Finish industrial production for August year-over-year which would follow July’s contraction of 1.3%.
Eurozone – The French budget deficit for August is anticipated to swell to €87.3 billion. This would mark an increase over July’s deficit of €79.8 billion. Expectations for French industrial production call for an increase of 0.5% in August month-over-month and 0.8% year-over-year. This would follow July’s contraction of 0.8% and increase of 0.7% respectively.
Eurozone – The Austrian trade surplus for July is anticipated to come in at €178.1 million. This would represent a lower surplus as compared to June’s €239.9 million.
Eurozone – Economists expect Dutch industrial production to post an increase of 2.1% in August year-over-year following July’s increase of 0.6%.
Eurozone – Industrial production in Italy is set to come in at 0.0% for August month-over-month and to rise by 1.8% year-over-year. This would mark a slowdown over July’s increase of 1.1% and 2.7% respectively.
Eurozone – The Greek consumer price index (CPI) is expected to come in at -1.9% for September year-over-year. This would mark an increase in deflation as compared to the -1.5% which was released in August. Economists anticipate a 1.0% contraction in Greek industrial production for the month of August year-over-year. This would follow the 1.6% contraction which was reported in July.
Eurozone – The Portuguese trade deficit is set rise to €900.9 million in August after being reported at €662.0 million in July.
Canada – The Canadian economy is expected to have added 10,000 jobs in September following the 12,000 job additions reported in August and the unemployment rate is anticipated to decrease by 0.1% to 6.9%. 9,000 full-time positions and 1,000 part-time jobs are likely to make up the 10,000 total additions. This would follow August’s addition of 54,400 and loss of 42,400 respectively. The labor force participation rate is set to decrease to 65.8% in September from the 65.9% reported in August.
United States – Expectations for the Import Price Index call for a contraction of 0.5% in September month-over-month and 11.2% year-over-year. This would represent an improvement over August’s contraction of 1.8% and 11.4%.
United States – Wholesale inventories for August are anticipated to come in at 0.0% while wholesale trade sales are expected to post a contraction of 0.4%. This would follow July’s contraction of 0.1% and 0.3% respectively.
Canada – Business Outlook Future Sales for the third-quarter are set to plunge by 50% to a level of 4.

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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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