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BINARY OPTIONS INSIGHTS FOR AUGUST 7TH 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 7th, 2015 5:22am GMT, London UK

Market Recap & Outlook:

After the contraction in retail sales which was reported out of the Eurozone on Wednesday, August 5th 2015, retail sales contracted by 0.6% in June month-over-month and rose only 1.2% year-over-year, the Markit Eurozone Retail PMI for July is pointing towards a rebound in retail sales. The Markit Eurozone Retail PMI jumped to 54.2 for July. This followed the 50.4 which was reported in June. A rebound in Italy as well as France led the increase and Germany followed suit.

The United Kingdom reported a surprise contraction in industrial production of 0.4% in the month of June month-over-month and a smaller than expected increase of 1.5% year-over-year. Adding to the negative surprise was the downward revision to May which now reflects an increase of 0.3% and an increase of 1.9% respectively. Economists expected an increase of 0.1% and 2.2%. Manufacturing production surprised to the upside with an increase of 0.2% month-over-month and 0.5% year-over-year. This was above estimates for an increase of 0.1% and 0.4% respectively and followed the contraction of 0.6% and the increase of 1.0% reported in May.

Today’s trade data out of the United Kingdom could apply downward pressure on the British Pound. Economists expect a trade deficit of £1,700 million for the month of June which would mark a spike from May’s trade deficit of £393 million. The non-EU trade deficit is expected to rise to £2,400 million while the visible trade deficit is anticipated to surge to £9,300 million. This would follow the deficit of £1,570 million and £8,000 million which was reported in May respectively.
Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Call Option
• EUR/GBP – Binary Put Option
• USD/CHF – Binary Put Option
• Silver – Binary Call Option
• CAC 40 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD has recovered from its intra-day low of 0.6490 which was recorded on August 5th 2015 and is now trading above its horizontal support level. The 50 Day Moving Average (DMA) has started to trend sideways while the 200 DMA is descending. The Accelerator Oscillator (AC) points towards an increase in upward pressure as the Relative Strength Index (RSI) is trading in neutral territory. Keeping an option trading book and recording all trades taken can greatly increase trading efficiency.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its 50 DMA. The NZD/USD is anticipated to drift into its 200 DMA from where a breakout is likely to occur. Binary option traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6550 on the H1 Hourly Chart. The upside potential for this binary call option is 120 pips to 0.6670 while the downside potential is 60 pips to 0.6490. This results in a risk/reward ratio of 2.00.

NZDUSD

EUR/GBP – The EUR/GBP has advanced from the bottom of its horizontal support level into tis 200 DMA from where upward momentum is fading quickly. The 50 DMA started to move to the upside as the 200 DMA continues to drift to the downside. The AC has supported the advance, but is now confirming an increase in downward momentum. The RSI is trading in overbought territory after breaking down from extreme conditions.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading slightly above of its 200 DMA. The EUR/GBP is expected to reverse its advance from current levels and drop back down to its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7040 on the H1 Hourly Chart. The downside potential for this binary put option is 90 pips to 0.6950 while the upside potential is 40 pips to 0.7080. This results in a risk/reward ratio of 2.25.

EURGBP

USD/CHF – The USD/CHF has started to show signs of exhaustion in the uptrend as momentum is breaking down. The 50 DMA, which has flattened out, has reached its horizontal resistance level and remains well above the 200 DMA which continues its advance. The AC has formed a negative divergence which supports the collapse in upward momentum for this currency pair and the RSI has broken down from extreme overbought territory and is now trending lower in neutral conditions.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. The USD/CHF is anticipated to move down into its 200 DMA from where a breakdown can take this currency pair into its horizontal support level. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 0.9800 on the H1 Hourly Chart. The downside potential for this binary put option is 250 pips to 0.9550 while the upside potential is 45 pips to 0.9845. This results in a risk/reward ratio of 5.56.

USDCHF

Today’s Commodity Trade
Silver – Silver has enjoyed a strong bounce off of its ascending support level which emerged from its intra-day low of 14.379 recorded on August 4th 2015. The 50 DMA has started to advance and is closing the gap to the 200 DMA which is moving higher as well. The AC is indicating a solid increase in upward momentum while the RSI is trading in neutral territory after briefly dipping into extreme overbought conditions.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its 200 DMA which resulted in a change of momentum. Silver is expected to accelerate into its horizontal resistance level. Binary option traders are advised to seek binary call options in Silver on dips below 14.700 on the H1 Hourly Chart. The upside potential for this binary call option is 30 pips to 15.000 while the downside potential is 15 pips to 14.550. This results in a risk/reward ratio of 2.00.

Silver

Today’s Equity Index Recommendation
CAC 40 – The CAC 40 is testing its horizontal resistance level which so far prevented a breakout from materializing. The 50 Day Moving Average (DMA) continues to trade above the 200 DMA and is advancing into its horizontal resistance level. The Accelerator Oscillator (AC) has formed a negative divergence and suggests a reversal of the uptrend. The Relative Strength Index (RSI) already broke down below extreme overbought territory and is now trading in neutral conditions. Put options trading set-ups are recommended for this equity index.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of horizontal resistance level. The CAC 40 is anticipated to push below its 200 DMA and enter a corrective phase. Binary option traders are advised to seek binary put options in the CAC 40 equity index on rallies above 5,170.00 on the H1 Hourly Chart. The downside potential for this binary put option is 25,000 pips to 4,920.00 while the upside potential is 11,000 pips to 5,280.00. This results in a risk/reward ratio of 2.27.

CAC 40

Key Fundamental Data:
Switzerland – The Swiss unemployment rate for July is expected to remain unchanged from June’s level of 3.1%.
Eurozone – Industrial production out of Germany is set to increase by 0.3% in June month-over-month and 2.2% year-over-year. This would represent an improvement over May’s level of 0.0% and increase of 2.1% respectively.
Eurozone – The German trade surplus is expected to increase to €21.0 billion in June. Germany posted a trade surplus of €19.5 billion in May. The current account surplus is expected to swell to €16.0 billion in June after being reported at €11.1 billion in May. Exports are expected to contract by 0.3% while imports are anticipated to increase by 0.5%. This would follow the increase of 1.6% and 0.4% which was reported in May respectively.

United Kingdom – Expectations for the visible trade deficit out of the United Kingdom call for an increase to £9,300 million in June. This would follow the visible trade deficit of £8,000 billion reported in May.
United States – Today’s non-farm payroll (NFP) report is expected to show the economy added 225,000 jobs in July while the unemployment rate remained unchanged at 5.3%. This would follow the 223,000 jobs which were added in June and the unemployment rate of 5.3%. Revisions to the previous two months need to be taken into consideration as well.

United States – Consumer Credit is expected to rise to $17.000 billion in June after being reported at $16.086 billion in 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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