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BINARY OPTIONS INSIGHTS FOR AUGUST 28TH 2015

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
GOLD VS OIL 21.8500 11:00 24.01
BMW VS DAIMLER 1.22767 11:00 24.01
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By: Adam Stone
August 28th, 2015 6:35am GMT, London UK

Market Recap & Outlook:

The Australian economy continues to print economic data which adds to the overall slowdown mentioned in the last minutes from the Reserve Bank of Australia (RBA). Yesterday’s private capital expenditure index for the second-quarter of 2015 showed a contraction of 4.0%. This was much higher than the 2.5% contraction expected by economists. Adding to the negative tone of the report was the downward revision to the first-quarter which now reflects a contraction of 4.7%.

The housing market in the United States has performed worse than anticipated as measured by pending home sales for the month of July. Pending home sales rose by only 0.5% month-over-month and 7.2% year-over-year. This fell short of expectations for an increase of 1.0% and 8.3% respectively and followed the 1.7% contraction and 11.1% increase which was reported in June. A weak US housing market often translates into weak consumer spending.

Switzerland will release its second-quarter gross domestic product (GDP) and economists expect a contraction of 0.1% quarter-over-quarter and an increase of 0.9% year-over-year. This would represent an improvement as compared to the previous report which showed a quarter-over-quarter contraction of 0.2%, but mark a slowdown from the year-over-year increase of 1.1%. According to a binary options wiki, today’s GDP report will result in an increase in volatility which is the correct assumption.
Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Call Option
• GBP/JPY – Binary Call Option
• USD/CHF – Binary Put Option
• Crude Oil – Binary Put Option
• S&P 500 – Binary Put Option

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD has successfully broken out above its horizontal support level as well as above of its descending 50 DMA. The 50 Day Moving Average (DMA) has flattened out and started to drift higher while the 200 DMA continues to decelerate. The Accelerator Oscillator (AC) confirms the double breakout with an increase in upward momentum and the Relative Strength Index (RSI) is trading in overbought conditions after advancing from extreme oversold territory; this uptrend is likely to continue.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its 50 DMA, but below of its descending 200 DMA. The AUD/USD is expected to push through its 200 DMA in order to challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the AUD/USD currency pair on dips below 0.7200 on the H1 Hourly Chart. The upside potential for this binary call option is 185 pips to 0.7385 while the downside potential is 90 pips to 0.7110. This results in a risk/reward ratio of 2.06.

AUDUSD

GBP/JPY – The GBP/JPY was able to recover from its most recent intra-day low of 183.134 which was recorded on August 24th 2015. The 50 DMA is now approaching its ascending support level and remains below the descending 200 DMA. The AC indicates a build-up in positive pressure for this currency pair. The RSI is trading in neutral territory as a result of the recovery from extreme oversold conditions which preceded the current drift to the upside. The best options trading broker favors an advance from current levels.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level with an increase in upward momentum. The GBP/JPY is anticipated to drift into its 200 DMA from where a breakout is favored. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 187.000 on the H1 Hourly Chart. The upside potential for this binary call option is 825 pips to 195.250 while the downside potential is 385 pips to 183.150. This results in a risk/reward ratio of 2.14.

GBPJPY

USD/CHF – The USD/CHF has accelerated to the upside following its breakout above its horizontal support level. The ascending 50 DMA is narrowing the gap to the descending 200 DMA. The AC shows the emergence of a negative divergence which supports a price action reversal while the RSI is trading in extreme overbought conditions which is unsustainable and a breakdown into overbought territory is likely to result in a momentum change from positive to negative.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading above of its 200 DMA, but below of its descending resistance level. The USD/CHF is expected to breakdown below its 50 DMA from where this currency pair can move down into its horizontal support level. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 0.9640 on the H1 Hourly Chart. The downside potential for this binary put option is 380 pips to 0.9260 while the upside potential is 155 pips to 0.9795. This results in a risk/reward ratio of 2.45.

USDCHF

Today’s Commodity Trade
Crude Oil – Crude Oil has spiked from its horizontal support level into its horizontal resistance level from where further upside remains limited. The 50 DMA started to advance, but continues to trade below the 200 DMA which has flattened out. The AC confirms the price spike in this commodity, but started to reverse as negative momentum is on the rise. The RSI is trading in extreme overbought territory from where a breakdown into overbought conditions is anticipated to precede a corrective phase.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level. Crude Oil is anticipated to reverse and breakdown below of its 200 DMA from where more downside is likely. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 42.80 on the H1 Hourly Chart. The downside potential for this binary put option is 505 pips to 37.75 while the upside potential is 195 pips to 44.75. This results in a risk/reward ratio of 2.59.

Crude Oil

Today’s Equity Index Recommendation
S&P 500 – The S&P 500 advanced into its descending resistance level following the breakout above its horizontal support level. The 50 DMA is drifting higher and narrows the gap to the 200 DMA which is moving to the downside. The AC points towards a lack of upward momentum which could extend the recent advance as the RSI is trading just below overbought conditions following its breakdown from extreme overbought territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its descending resistance level as upward momentum is fading. The S&P 500 is expected to reverse course in order to test its horizontal support level. Binary option traders are advised to seek binary put options in the S&P 500 equity index on rallies above 1,975.00 on the H1 Hourly Chart. The downside potential for this binary put option is 14,000 pips to 1,835.00 while the upside potential is 2,500 pips to 2,000.00. This results in a risk/reward ratio of 5.60.

SP 500

Key Fundamental Data:

United Kingdom – The GfK Consumer Sentiment Survey for August showed a level of 7 which beat expectations for a level of 4 and came in above July’s level of 4.

Japan – The National Consumer Price Index (NCPI) for July rose by 0.2% year-over-year. Economists expected an increase of 0.2% which marked a slowdown from June’s increase of 0.4%. The core NCPI, which excludes food and energy, rose by 0.6%. Expectations called for no change from June’s increase of 0.6%. The NCPI excluding fresh food came in at 0.0%. This represented a reversal from June’s increase of 0.1% while economist were looking for a contraction of 0.2%.

Japan – The Japanese consumer cut spending in July as household spending fell by 0.2% year-over-year. Economists anticipated an increase of 0.5% following June’s contraction of 2.0%.

Japan – The jobless rate in Japan decreased 3.3% in July, but the job-to-applicant ratio rose to a level of 1.20. Economists’ were looking for no change from June’s level of 3.4% and 1.19 respectively.

Japan – Retail trade rose by 1.2% in July month-over-month and 1.6% year-over-year. This followed June’s contraction of 0.6% and increase of 1.0% respectively. Expectations called for an increase of 0.6% month-over-month and 1.1% year-over-year. Sales at large retailers rose by 2.1%, reversing the 0.3% contraction reported in June and meeting expectations for an increase of 2.1%.

China – Industrial profits dropped 2.9% in July year-over-year after posting a contraction of 0.3% in June which has further put pressure on commodities.

Switzerland – Economists expect the second-quarter GDP to post a contraction of 0.1% quarter-over-quarter and 0.9% year-over-year. The previous report’s data is anticipated to remain unrevised at a contraction of 0.2% and an increase of 1.1% respectively.

United Kingdom – The preliminary GDP report for the second-quarter is expected to confirm the initially reported growth rate of 0.7% quarter-over-quarter and 2.6% year-over-year. Exports are expected to be revised up to 2.0% from 0.4% while imports are anticipated to be revised down to 0.6% from 2.3%.
United States – Economists expect an increase of 0.4% in personal income for the month of July and an increase of 0.4% in personal spending as well. This would follow the increase of 0.4% and 0.2% reported in June respectively.

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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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