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BINARY OPTIONS TRADING FOR AUGUST 4TH 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
August 4th, 2015 5:22am GMT, London UK

Market Recap & Outlook:

The Greek equity market opened for business yesterday after being shut down for the past five weeks. As expected, stocks plunged as much as 23% at the open as capital controls remained in place. The Euro felt some downward pressure, but was able to stabilize at support. Giving the Eurozone currency a boost was the upward revision to the July Markit Eurozone Manufacturing PMI to 52.4. This beat expectations for an unchanged reading of 52.2 which was initially reported. A much stronger performance out of Italy led the upward revision and the risk for the Euro remains to the upside.

Better-than-expected economic data out of the United Kingdom yesterday did little to push the British Pound to the upside. The Markit Manufacturing PMI was reported at 51.9 in July. This figure came in above the expected reading of 51.5. June’s level of 51.4 remained unrevised. The British Pound remained near solid support levels. New orders dropped to a ten month low which puts pressure on the next reports while new export orders declined again, for the fourth month in a row.

Today’s RBC Manufacturing PMI out of Canada could move the Canadian Dollar, especially after the surprise contraction in May’s Gross Domestic Product (GDP). Economists expected a slowdown to 51.0 in July which would follow the 51.3 reported in June. A surprise figure to the upside could give the Canadian currency a strong boost during the trading session. Currency option trading should form the base of any binary option trading account as it creates multiple, profitable trading set-ups every trading day.

Today’s Binary Option Trading Recommendations Overview:

EUR/JPY – Binary Call Option
GBP/USD – Binary Call Option
USD/CAD – Binary Put Option
Oil – Binary Call Option
CAC 40 – Binary Put Option

Currency Pairs on today’s Radar Screen:

EUR/JPY – The EUR/JPY is trading below of its descending resistance level which is approaching its horizontal support level. The 50 Day Moving Average (DMA) is trading below the 200 DMA, but given the tandem trade of the moving averages a set of false crosses should be accounted for. The Accelerator Oscillator (AC) is favoring an increase in upward momentum while the Relative Strength Index (RSI) is trading in neutral conditions after breaking out from oversold territory.
EUR/JPY
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading just above of its horizontal support level. The EUR/JPY is anticipated to breakout above its descending resistance level from where more upside is favored. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 135.900 on the H1 Hourly Chart. The upside potential for this binary call option is 140 pips to 137.300 while the downside potential is 35 pips to 135.550. This results in a risk/reward ratio of 4.00.

GBP/USD – The GBP/USD has been trapped in a tight trading range, but shows an upward bias over the past two trading sessions. The 50 DMA as well as the 200 DMA have both entered a sideways trend, but with a slight updraft. The AC is suggesting a build-up in momentum to the upside as the RSI has recovered from a brief dip into oversold territory and is now trading in neutral conditions while continuing to move to the upside.
GBP/USD
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. The GBP/USD is expected to advance from current levels until price action can challenge its current intra-day high. Binary option traders are advised to seek binary call options in the GBP/USD currency pair on dips below 1.5600 on the H1 Hourly Chart. The upside potential for this binary call option is 90 pips to 1.5690 while the downside potential is 35 pips to 1.5565. This results in a risk/reward ratio of 2.57.

USD/CAD – The USD/CAD is in the process of validating its newly formed horizontal resistance level after a decrease in upward momentum occurred. The 50 DMA has crossed above the 200 DMA as a result of the move to the upside. The AC has formed a negative divergence and supports a reversal in price action. The RSI is trading in overbought territory after completing a breakdown from extreme conditions and is expected to move lower. Binary option traders are advised to take advantage of currency option trading in their portfolios.
USD/CAD
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level from further upside potential is limited. The USD/CAD is anticipated to enter a corrective phase and move back down to its horizontal support level. Binary option traders are advised to seek binary put options in the USD/CAD currency pair on rallies above 1.3160 on the H1 Hourly Chart. The downside potential for this binary put option is 300 pips to 1.2860 while the upside potential is 140 pips to 1.3300. This results in a risk/reward ratio of 2.14.

Today’s Commodity Trade

Oil – Oil has stabilized after dropping to its intra-day low of 45.06 yesterday on August 3rd 2015. The 50 DMA, which is accelerating to the downside, is trading below the 200 DMA which is also moving lower; both moving averages are separated by its descending resistance level. The AC points towards an increase in upward momentum and the RSI is trading in oversold territory after briefly trading in extreme conditions.
Oil Chart
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level from where downward pressure is being depleted. Oil is expected to drift into its descending resistance level from where a breakout is favored. Binary option traders are advised to seek binary call options in Oil on dips below 45.60 on the H1 Hourly Chart. The upside potential for this binary call option is 385 pips to 49.45 while the downside potential is 160 pips to 44.00. This results in a risk/reward ratio of 2.41.

Today’s Equity Index Recommendation

CAC 40 – The CAC 40 has enjoyed a strong advance from its intra-day low of 4,916.00 which was recorded on July 27th 2015. The 50 DMA continues to trade below the 200 DMA, but has started to close the gap. The AC has formed a negative divergence which points towards an exhaustion in the uptrend and a potential price action reversal. The RSI is trading in neutral territory after testing extreme overbought conditions.
CAC 40
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading just below of its horizontal resistance level. The CAC 40 is anticipated to decelerate into its 200 DMA from where more downside is likely. Binary option traders are advised to seek binary put options in the CAC 40 equity index on rallies above 5,090.00 on the H1 Hourly Chart. The downside potential for this binary put option is 17,000 pips to 4,920.00 while the upside potential is 9,500 pips to 5,200.00. This results in a risk/reward ratio of 1.79.

Key Fundamental Data:

Japan – The Monetary Base for July was reported at 32.8% year-over-year after coming in at 34.2% in June.
Japan – Labor Cash Earnings posted a surprise contraction of 2.4% in June year-over-year. Economists expected an increase of 0.9% after the 0.7% increase which was reported in May. Real cash earnings contracted by 2.9% after being reported at 0.0% in the previous month.
United Kingdom – Economists expect a turnaround in Nationwide House Prices for the month of July. Nationwide House Prices are set to post an increase of 0.4% month-over-month and 3.5% year-over-year. This would follow the contraction of 0.2% and the increase of 3.3% reported in June respectively.
United Kingdom – The Markit/CIPS Construction PMI is expected to increase to 58.5 in July. This would mark an increase from June’s level of 58.1.
Eurozone – Expectations for the Eurozone Producer Price Index (PPI) are for a flat reading in June month-over-month and for a contraction of 2.2% year-over-year. This would follow the flat reading and the contraction of 2.0% which was reported in May respectively.
Canada – The RBC Manufacturing PMI is called down to 51.0 in the month of July. This would follow the 51.3 which was reported in June.
United States – Economists call the New York ISM down sharply in July to a level of 56.4 after clocking in at 63.1 in June.
United States – Factory orders are expected to show a rebound in June and increase by 1.7% after contracting by 1.0% in May.
United States – The IBD/TIPP Economic Optimism Index for August is likely to point to a further deterioration. Expectations call for a level of 47.6 which would follow the 48.1 reported in July.

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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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