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BINARY OPTIONS INSIGHTS FOR JULY 31ST 2015

BitCoin/CNY 6263.480 23:00 17.01
NZD/JPY 81.341 23:00 17.01
AUD/USD 0.75578 23:00 17.01
AUD/JPY 85.251 23:00 17.01
EUR/JPY 120.804 23:00 17.01
USD/JPY 112.794 23:00 17.01
EUR/USD 1.07108 23:00 17.01
AUD/NZD 1.04809 23:00 17.01
NZD/USD 0.72115 23:00 17.01
CAD/JPY 86.467 23:00 17.01
GBP/JPY 139.897 23:00 17.01
BitCoin/CNY 6264.060 22:30 17.01
NZD/JPY 81.294 22:30 17.01
AUD/USD 0.75594 22:30 17.01
AUD/JPY 85.194 22:30 17.01
EUR/JPY 120.721 22:30 17.01
EUR/USD 1.07112 22:30 17.01
USD/JPY 112.707 22:30 17.01
BitCoin/CNY 6191.350 22:00 17.01
AUD/NZD 1.04843 22:00 17.01
NZD/USD 0.72165 22:00 17.01
CAD/JPY 86.347 22:00 17.01
NZD/JPY 81.262 22:00 17.01
AUD/USD 0.75675 22:00 17.01
AUD/JPY 85.208 22:00 17.01
GBP/JPY 139.822 22:00 17.01
EUR/JPY 120.657 22:00 17.01
USD/JPY 112.621 22:00 17.01
EUR/USD 1.07137 22:00 17.01
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By: Adam Stone
July 31st, 2015 5:05am GMT, London UK

Market Recap & Outlook:

The Japanese economy printed some solid economic data during yesterday’s trading session, but the Japanese Yen was unable to capitalize from it and deteriorated further, although at a slower pace. Japan reported a strong increase in industrial production for the month of June. The preliminary reading showed a gain of 0.8% month-over-month and 2.0% year-over-year. Economists were looking for a much smaller increase of 0.3% and 1.3% respectively. This marked a decent turnaround from the 2.1% contraction and 3.9% contraction reported in May.

The Australian Dollar came under new pressure as Australia released a report which showed a sharp plunge in building approvals for the month of June. This took traders by surprise and positions were adjusted accordingly. Economists expected a contraction of 1.0% in building approvals for June month-over-month and an increase of 19.5% year-over-year. The released report showed building approvals plunged by 8.2% month-over-month and rose only 8.6% year-over-year. May’s data was revised and now shows a downward adjusted increase of 2.3% and an upward adjusted increase of 18.3% respectively.

Today’s attention will shift to Canada which will release its Gross Domestic Product (GDP) for the month of May. Economists expect a flat reading month-over-month and an increase of 0.8% year-over-year. This would follow the 0.1% contraction reported in April and the increase of 1.2% respectively. Canada is heavily dependent on its oil exports and the drop in prices and activity is reflected in the GDP figure which continues to decelerate on an annualized level. The USDCAD should remain on top of traders list today and represents attractive profit potential. Binary options traders are advised to substitute this trade for any potential exotic options trading approach during the last trading day of July.

Today’s Binary Option Trading Recommendations Overview:
• EUR/USD – Binary Call Option
• GBP/JPY – Binary Put Option
• USD/CAD – Binary Put Option
• Oil – Binary Put Option
• DAX 30 – Binary Call Option

Currency Pairs on today’s Radar Screen:
EUR/USD – The EUR/USD collapsed after recording its intra-day high of 1.1129 on July 27th 2015; the statement by the US Federal Reserve has added to the downward pressure. The 50 Day Moving Average (DMA) is descending while the 200 DMA is ascending which is closing the gap. The Accelerator Oscillator (AC) has formed a positive divergence and points towards a reversal. The Relative Strength Index (RSI) is trading in neutral territory after breaking out from oversold conditions.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently stabilizing inside of its horizontal support level. The EUR/USD is anticipated to push into its 50 DMA from where a breakout is likely to follow. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.0950 on the H1 Hourly Chart. The upside potential for this binary call option is 175 pips to 1.1125 while the downside potential is 50 pips to 1.0900. This results in a risk/reward ratio of 3.50.

EURUSD

GBP/JPY – The GBP/JPY has broken down below its newly formed horizontal resistance level after reaching its intra-day high of 194.594 yesterday on July 30th 2015. The 50 DMA has crossed above the 200 DMA and assisted the most recent price spike. The AC has formed a negative divergence and does not support a continuation of the uptrend while the RSI has formed a negative divergence as well and is trading in neutral conditions after it already broke down from extreme overbought territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level from where further an increase in downward pressure occurred. The GBP/JPY is expected to breakdown from current levels and move back down into its horizontal support level. Binary option traders are advised to seek binary put options in the GBP/JPY currency pair on rallies above 193.400 on the H1 Hourly Chart. The downside potential for this binary put option is 240 pips to 191.000 while the upside potential is 115 pips to 194.550. This results in a risk/reward ratio of 2.09.

GBPJPY

USD/CAD – The USD/CAD has pushed higher after it reached its intra-day low of 1.2860 on July 28th 2015, but appears to have lost its upward momentum after reaching its descending resistance level. The 50 DMA is trading below the 200 DMA which has entered a sideways trend. The AC confirms the decrease in upward momentum in this currency pair with the formation of a negative divergence and the RSI has broken down from extreme overbought territory with a drift in neutral conditions.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading above its 50 DMA as well as above its 200 DMA. The USD/CAD is anticipated to reverse from its descending resistance level in order to challenge its most recent intra-day low. Binary option traders are advised to seek binary put options in the USD/CAD currency pair on rallies above 1.2990 on the H1 Hourly Chart. The downside potential for this binary put option is 130 pips to 1.2860 while the upside potential is 35 pips to 1.3025. This results in a risk/reward ratio of 3.71.

USDCAD

Today’s Commodity Trade
Oil – Oil has accelerated to the upside after touching its horizontal support level, but the strong advance started to collapse inside of its horizontal resistance level. The 50 DMA is now accelerating to the upside as the 200 DMA maintains its downward bias. The AC has confirmed the deflation of upward momentum in this commodity as the RSI has broken down from extreme overbought territory and is now trading in oversold conditions; a breakdown into extreme territory is likely to follow.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below its 200 DMA from where a shift in momentum occurred. Oil is expected to accelerate to the downside an test its horizontal support level. Binary option traders are advised to seek binary put options in Oil on rallies above 48.20 on the H1 Hourly Chart. The downside potential for this binary put option is 150 pips to 46.70 while the upside potential is 60 pips to 48.80. This results in a risk/reward ratio of 2.50.

Oil

Today’s Equity Index Recommendation
DAX 30 – The DAX 30 is trying to validate its current horizontal support level which has prevented further downside. The 50 DMA is approaching its horizontal support level and remains below the 200 DMA which continues to advance. The AC is pointing towards a price action reversal from current levels and the RSI is trading in neutral territory. This is a prime example of what are options in trading and binary options traders should take advantage of this trading opportunity.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading just above of its horizontal support level which is being enforced by its ascending support level. The DAX 30 is anticipated to reverse course and drift to the upside. Binary option traders are advised to seek binary call options in the DAX 30 equity index on dips below 11,270.00 on the H1 Hourly Chart. The upside potential for this binary call option is 50,000 pips to 11,770.00 while the downside potential is 23,500 pips to 11,035.00. This results in a risk/reward ratio of 2.13.

DAX 30

Key Fundamental Data:
United Kingdom – The GfK Consumer Confidence Survey for July showed a decrease to 4 from June’s level of 7. Economists expected a decrease to 5.
Japan – The Japanese jobless rate unexpectedly rose to 3.4% in June while the job-to-applicant ratio rose to 1.20. Economists expected a level of 3.3% and an increase to 1.20 respectively.
Japan – Household spending posted a surprise contraction of 2.0% year-over-year. Economists expected an annualized slowdown to an increase of 1.9% which would have followed a robust increase of 4.8% reported in May.
Japan – The National Consumer Price Index (NCPI) slowed down to an increase of 0.4% in June year-over-year while the core NCPI expanded at a 0.6% rate. Economists were looking for a level of 0.3% and 0.4% respectively. This represents a slowdown from the 0.5% increase reported in the NCIP in May and confirms inflationary pressures are moving in the wrong direction. The NCIP excluding fresh food rose by 0.1% in June beating economists’ expectations calling for a flat reading and follows a 0.1% increase reported in May.
Japan – Housing starts are expected to increase by 3.0% to 913,000 units in June year-over-year while construction orders are expected to contract by 2.3%. This would follow the 5.8% increase to 912,000 units and the contraction of 7.4% reported in May respectively.
Eurozone – German retail sales are expected to post an increase of 0.3% in June month-over-month and 4.0% year-over-year. This compares to the 0.2% increase and 0.4% contraction reported in May.
Eurozone – The Eurozone unemployment rate is expected to decrease by 0.1% in June to 11.0%.
Eurozone – The Eurozone Consumer Price Index (CPI) for July is expected to rise by 0.2% year-over-year while the core CPI is expected to increase by 0.8% year-over-year. This would match the growth rate reported in June.
Canada – The Canadian Gross Domestic Product (GDP) is expected to come in flat for May month-over-month and to expand by 0.8% year-over-year. This would follow the 0.1% contraction reported in April and the increase of 1.2% respectively.
United States – The NAPM-Milwaukee Index is set to rise to 50.00 for July from June’s level of 46.55. A level above 50.0 signals expansion.
United States – The Chicago Purchasing Manager Index (PMI) is also expected to increase in July to 50.9 from the 49.4 reported in June.
United States – The final reading for the University of Michigan Consumer Confidence Index for July is expected to show an increase to 94.0 from the previously reported level of 93.3.

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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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