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BINARY OPTIONS INSIGHTS FOR JULY 24TH 2015

GBP/USD 1.24505 11:10 24.01
EUR/USD 1.07290 11:10 24.01
BitCoin/CNY 6291.000 11:00 24.01
USD/MXN 21.421 11:00 24.01
FTSE F-MAR17 7107.750 11:00 24.01
USD/RUB 59.259 11:00 24.01
USD/NOK 8.35711 11:00 24.01
USD/CHF 1.00118 11:00 24.01
OIL-MAR17 (BRENT) 55.480 11:00 24.01
EUR/ILS 4.06935 11:00 24.01
USD/ILS 3.79245 11:00 24.01
SBERBANK 168.585 11:00 24.01
GAZPROM 149.220 11:00 24.01
NZD/CHF 0.72229 11:00 24.01
CAD/CHF 0.75325 11:00 24.01
NZD/USD 0.72145 11:00 24.01
SUGAR (11)-MAR17 20.9750 11:00 24.01
CAD/JPY 85.347 11:00 24.01
AUD/USD 0.75568 11:00 24.01
AUD/JPY 85.721 11:00 24.01
GBP/USD 1.24566 11:00 24.01
EUR/USD 1.07297 11:00 24.01
VTB BANK 0.068940 11:00 24.01
ROSNEFT' 387.325 11:00 24.01
METRO AG 31.955 11:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 11:00 24.01
SILVER 17.108 11:00 24.01
GOLD/EUR 1129.755 11:00 24.01
USD/JPY 113.440 11:00 24.01
EUR/JPY 121.719 11:00 24.01
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By: Adam Stone
July 24th, 2015 5:08am GMT, London UK

Market Recap & Outlook:
Greece passed more reforms, this time in regards to its banking system as well as its judicial system, as the country with the highest debt-to-GDP ratio in the Eurozone seeks to secure its third bailout. The initial reforms which were passed by Greek lawmakers were necessary in order for bailout talks to continue, such as budget cuts and economic reforms. Greece has repaid €4.2 billion to the European Central Bank and is trying to finalize a deal for a €86 billion bailout which it hopes to secure sometime in August.

The Japanese Yen dropped sharply after Japan reported a surprise merchandise trade deficit for June with upward revisions to the trade deficit in May. Economists expected Japan to post a merchandise trade surplus of ¥45.8 billion in June, but the released data showed an unexpected deficit of ¥69.0 billion while May’s deficit was revised upward to ¥217.2 billion. The deficit was posted despite an increase of 9.5% in exports and a contraction of 2.9% in imports. The Japanese Yen was faced with a volatile trading session as a result.

Option trading broker my advice binary option traders to watch out for the Euro during today’s trading session. While Greece may have slipped from the front of business media coverage, uncertainty remains and a deal is not yet guaranteed. Some key fundamental data will also be released out of the Eurozone which will report its Composite PMI, Manufacturing PMI as well as Services PMI for the month of July. This is expected to cause a volatility spike in the Euro during the morning trading session on the European continent.

Today’s Binary Option Trading Recommendations Overview:
• EUR/USD – Binary Put Option
• GBP/JPY – Binary Call Option
• USD/CHF – Binary Put Option
• Palladium – Binary Call Option
• NASDAQ 100 – Binary Call Option

Currency Pairs on today’s Radar Screen:
EUR/USD – The EUR/USD was able to advance as Greece continues to pass necessary reforms in order to secure its third bailout and remain in the Eurozone. The 50 Day Moving Average (DMA) has now crossed above the 200 DMA which resulted in a momentum shift. The Accelerator Oscillator (AC) is supporting a continuation of the advance, but a short-term reversal is likely to precede any further move to the upside. The Relative Strength Index (RSI) is trading in neutral territory after breaking down from extreme conditions.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading just below of its horizontal resistance level from where a short-term pullback is likely to occur. The EUR/USD is anticipated to drift to the downside from current levels. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.0970 on the H1 Hourly Chart. The downside potential for this binary put option is 160 pips to 1.0810 while the upside potential is 45 pips to 1.1015. This results in a risk/reward ratio of 3.56.

GBP/JPY – The GBP/JPY drifted to the downside as retail sales out of the United Kingdom unexpectedly contracted in June which provided enough downward pressure for a reversal. The 50 DMA is now trading below its 200 DMA which has increase downward pressure on this currency pair, but a counter-trend move to the upside remains a viable option. The AC started to advance and indicates a potential price action reversal as the RSI dipped into oversold territory following to move to the downside.

GBPJPY

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The GBP/JPY is expected to use its horizontal support level as a platform to reverse recent losses. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 192.200 on the H1 Hourly Chart. The upside potential for this binary call option is 215 pips to 194.350 while the downside potential is 70 pips to 191.500. This results in a risk/reward ratio of 3.07.

USD/CHF – The USD/CHF has bounced off of its horizontal support level and has now approached its descending resistance level. The gap between its 50 DMA and its 200 DMA started to narrow as a result of this move, and this currency pair is now trading above its 50 DMA. The AC already indicates a potential price action reversal with the formation of a negative divergence while the RSI is drifting into overbought territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading just below of its descending resistance level which is increasing downward pressure. The USD/CHF is anticipated to enter a new corrective phase in order to challenge its horizontal support level. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 0.9600 on the H1 Hourly Chart. The downside potential for this binary put option is 75 pips to 0.9525 while the upside potential is 30 pips to 0.9630. This results in a risk/reward ratio of 2.50.

USDCHF

Today’s Commodity Trade
Palladium – Palladium has recorded a higher low and an ascending support level has formed as a result which started to pressure this commodity to the upside. The 50 DMA is trading below its 200 DMA which is enforcing its horizontal resistance level. The AC supports a move to the upside and the RSI is trading near oversold territory further pointing towards a likely reversal. This remains one of the top picks in today’s binary option trading broker recommendations.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level which is being enforced by its ascending support level. Palladium is expected to use its enforced support level and launch an advance back into its horizontal resistance level. Binary option traders are advised to seek binary call options in Palladium on dips below 972.0 on the H1 Hourly Chart. The upside potential for this binary call option is 3,600 pips to 1,008.0 while the downside potential is 1,150 pips to 960.5. This results in a risk/reward ratio of 3.13.

Palladium

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 is approaching the end of its corrective phase which emerged from its intra-day high of 4,693.00 reached on July 20th 2015. The 50 DMA has flattened out as this equity index recovered from the lows of its move to the downside while the 200 DMA continues to advance. The AC is pointing towards an increase in upward momentum which favors a price action reversal. The RSI broke out above oversold territory and is trading in neutral territory.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its 50 DMA as well as its 200 DMA. The NASDAQ 100 is anticipated to advance back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the NASDAQ 100 on dips below 4,635.00 on the H1 Hourly Chart. The upside potential for this binary call option is 5,800 pips to 4,693.00 while the downside potential is 1,900 pips to 4,616.00. This results in a risk/reward ratio of 3.05.

NASDAQ 100

Key Fundamental Data:
Japan – Foreign bond purchases by Japanese bond holders rose to ¥576.3 billion in the week ending July 17th 2015 while foreign stock purchases by Japanese equity traders rose to ¥399.3 billion. This marked a strong increase from the ¥164.0 billion and ¥188.2 billion reported in the previous week respectively.
Japan – The Nikkei Manufacturing PMI for July rose to 51.4 which beat expectations for an increase to 50.5 from June’s level of 50.1.
China – The Caixin Manufacturing PMI dropped further into contraction territory with a reading of 48.2 for July. Economists expected a small slowdown in the contraction with an increase in the PMIT to 49.7 from June’s 49.4.
Eurozone – Economists expect the preliminary Eurozone Composite PMI to come in at 54.0 for the month of July, the Eurozone Manufacturing PMI at 52.5 and the Eurozone Services PMI at 54.2. This would represent a similar level to the 54.2, 52.5 and 54.4 which was reported for the previous month.
United Kingdom – British Builders Association Loans for House Purchase Survey is anticipated to show an increase to 43,300 for June from May’s level of 42,530.
United States – The preliminary Markit Manufacturing PMI for July is expected to show no change from June’s level of 53.6.
United States – New home sales for June are expected to contract by 0.1% month-over-month to 546,000 units. This would follow the 2.2% increase to 546,000 units which was reported in the month of May.

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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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