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BINARY OPTIONS INSIGHTS FOR AUGUST 21ST 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
August 21st, 2015 6:22am GMT, London UK

Market Recap & Outlook:

The New Zealand consumer grew less confident in August as evident in yesterday’s ANZ Consumer Confidence Index which posted a contraction of 3.6% month-over-month to a level of 109.8. This followed July’s contraction of 5.0% to 113.9 and represents a troubling two-month period for the consumer which could translate into a decrease in spending. The New Zealand Dollar advanced despite the decrease in confidence, but remains vulnerable for a counter-trend move. Learning how to trade options will allow binary option traders to earn on a consistent base.

China reported much awaited positive economic data during yesterday’s Asian trading session in the form of its MNI Business Indicator which rose to 57.1 in August after being reported at 48.8 in July. The economic slowdown in China has many worried that the Asian manufacturing powerhouse may be in for a hard landing. Gross domestic growth (GDP) forecasts have started to come in below 7.0% year-over-year which translates into economic hardship for the world’s most populous nation.

The consumer price index (CPI) out of Canada is anticipated to show an increase of 0.1% for July month-over-month and 1.3% year-over-year. This would follow the 0.2% and 1.0% increase which was reported in June. The core CPI is expected to come in at 0.0% month-over-month and 2.4% year-over-year. This would match the 0.0% increase reported in June month-over-month and mark acceleration in inflationary pressure as compared to the 2.3% increase reported year-over-year.

Today’s Binary Option Trading Recommendations Overview:

NZD/USD – Binary Put Option
EUR/JPY – Binary Put Option
USD/CAD – Binary Call Option
Silver – Binary Put Option
S&P 500 – Binary Call Option

Currency Pairs on today’s Radar Screen:

NZD/USD – The NZD/USD has broken down below its horizontal resistance level which resulted in a change to negative momentum from positive momentum. The 50 Day Moving Average (DMA) is moving higher and trades above the 200 DMA which is drifting sideways. The Accelerator Oscillator (AC) formed a negative divergence prior to the breakdown as the Relative Strength Index (RSI) is trading in neutral territory following the move lower from overbought conditions.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level with a collapse in upward momentum. The NZD/USD is expected to reverse down into its 200 DMA from where a breakdown is favored. Binary option traders are advised to seek binary put options in the NZD/USD on rallies above 0.6620 on the H1 Hourly Chart. The downside potential for this binary put option is 105 pips to 0.6515 while the upside potential is 30 pips to 0.6650. This results in a risk/reward ratio of 3.50.

NZDUSD

EUR/JPY – The EUR/JPY is nearing the end of its strong advance which took this currency pair into its horizontal resistance level. The 50 DMA remains below the 200 DMA as both moving averages are moving higher in tandem. The AC has formed a negative divergence which points towards a potential reversal as negative momentum is on the rise. The RSI is trading in overbought conditions after breaking down from extreme overbought territory and formed a negative divergence as well.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance. The EUR/JPY is anticipated to move back down into its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/JPY on rallies above 138.500 on the H1 Hourly Chart. The downside potential for this binary put option is 140 pips to 137.100 while the upside potential is 50 pips to 139.000. This results in a risk/reward ratio of 2.80.

EURJPY

USD/CAD – The USD/CAD has broken down after recording its intra-day high of 1.3176 yesterday on August 20th 2015, but was able to bounce off of its ascending support level. The 50 DMA is trending higher above the 200 DMA which is drifting lower. The AC has recovered from its lows and indicates a build-up in positive momentum while the RSI is trading in neutral territory followings its reversal from extreme overbought conditions. Momentum options trading does favor a reversal in this currency pair.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading near its ascending support level. The USD/CAD is expected to accelerate to the upside from current levels. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3100 on the H1 Hourly Chart. The upside potential for this binary call option is 75 pips to 1.3575 while the downside potential is 40 pips to 1.3060. This results in a risk/reward ratio of 1.88.

USDCAD

 

Today’s Commodity Trade

SilverSilver has advanced from its horizontal support level back into its horizontal resistance level and a double top chart pattern has emerged. The ascending 50 DMA continue to trade below the 200 DMA which is moving higher as well. The AC has formed a negative divergence which suggests a potential end to the advance. The RSI is trading in overbought conditions after moving lower from extreme overbought territory as a negative divergence formed.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level which has previously prevented a continuation of the advance. Silver is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in Silver on rallies above 15.500 on the H1 Hourly Chart. The downside potential for this binary put option is 75 pips to 14.750 while the upside potential is 25 pips to 15.750. This results in a risk/reward ratio of 3.00.

Silver

Today’s Equity Index Recommendation

S&P 500 – The S&P 500 is trying to stabilize inside of its horizontal support level after recording an intra-day low of 2,011.50 today on August 21st 2015. The 50 DMA is moving lower and has crossed below the descending 200 DMA as the gap is widening. The AC indicates an increase in upward momentum in this equity index and the RSI is trading in extreme oversold territory which is unsustainable and a breakout is anticipated.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level while positive momentum is on the rise. The S&P 500 is expected to drift into its descending 50 DMA from where more upside is favored. Binary option traders are advised to seek binary call options in the S&P 500 equity index on dips below 2,025.00 on the H1 Hourly Chart. The upside potential for this binary call option is 8,200 pips to 2,107.00 while the downside potential is 2,500 pips to 2,000.00. This results in a risk/reward ratio of 3.28.

SP 500

Key Fundamental Data:

Japan – The preliminary Nikkei Manufacturing PMI for August rose to 51.9: This represents an increase as compared to July’s level of 51.2.

China – The Caixin Manufacturing PMI decreased to 47.1 in August which missed expectations for an increase to 48.2 as compared to July’s level of 47.8. This was the preliminary report and a level below 50 translates into a contraction in the sector.
Eurozone – Expectations for the German GfK Consumer Confidence Survey for September call for a level of 10.1 which would match the 10.1 reported in August. This is a forward looking indicator.

Canada – Economists expected the consumer price index (CPI) for July to rise by 0.1% month-over-month and 1.3% year-over-year. This would follow the 0.2% and 1.0% increase reported in June respectively. The core CPI is expected to come in at 0.0% month-over-month and 2.4% year-over-year after being reported at 0.0% and 2.3% in June respectively.

Canada – Retail sales are expected to post an increase of 0.2% in June month-over-month and retail sales excluding auto sales are expected to rise by 0.6%. This would represent a slowdown from the 1.0% and 0.9% increase reported in May respectively.
United States – Expectations for the preliminary Markit Manufacturing PMI for August call for a level of 53.8 which would match the 53.8 reported in July.

Eurozone – Economists expect Eurozone Consumer Confidence to come in at -6.9 in August which would represent an improvement over the previously reported level of -7.1 in today’s advanced reading.

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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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