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BINARY OPTIONS TRADING FOR SEPTEMBER 2ND 2015

BitCoin/CNY 6273.870 21:00 24.01
WELLS FARGO 54.700 21:00 24.01
USD/CHF 1.00085 21:00 24.01
TOYOTA (US) 117.620 21:00 24.01
SONY 30.485 21:00 24.01
SILVER 17.118 21:00 24.01
GOLD 1209.957 21:00 24.01
COLGATE-PALMOLIVE 68.265 21:00 24.01
FIAT CHRYSLER 10.89 21:00 24.01
LOCKHEED MARTIN 252.895 21:00 24.01
FERRARI 62.695 21:00 24.01
TSX 60 924.440 21:00 24.01
AUD/NZD 1.04665 21:00 24.01
ALIBABA 101.450 21:00 24.01
BOEING 160.540 21:00 24.01
NZD/USD 0.72463 21:00 24.01
BANK OF AMERICA 22.945 21:00 24.01
PFIZER 31.155 21:00 24.01
CAD/JPY 86.432 21:00 24.01
NZD/JPY 82.435 21:00 24.01
AUD/USD 0.75845 21:00 24.01
AUD/JPY 86.280 21:00 24.01
GBP/JPY 142.263 21:00 24.01
GENERAL ELECTRIC 29.990 21:00 24.01
S&P 500 2280.120 21:00 24.01
JP MORGAN CHASE 84.715 21:00 24.01
GOLD/EUR 1127.335 21:00 24.01
USD/JPY 113.763 21:00 24.01
EUR/JPY 122.101 21:00 24.01
CITIGROUP VS JP MORGAN CHASE 0.67015 21:00 24.01
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By: Adam Stone
September 2nd, 2015 6:35am GMT, London UK

Market Recap & Outlook:

The Japanese economy continues to underperform expectations with the most recent evidence provided during yesterday’s Asian trading session. Capital spending rose by only 5.6% in the second-quarter while capital spending excluding software posted an increase of 6.6%. This missed economists’ expectations for an increase of 8.8% and 10.9% respectively and represented a slowdown as compared to the first-quarter’s data which showed an increase of 7.3% and 8.1%.

The Swiss Franc received better than expected economic data in the form of its SVME Purchasing Managers Index for August which rose to 52.2. A level above 50.0 suggests expansion in the data and is a positive sign for the economy as well as the currency. Economists anticipated a contractionary level of 49.8 which would have marked an improvement over July’s level of 48.7. A look at the online binary options trading platform shows an increase in call options for the Swiss Franc.

With Friday’s non-farm payroll report (NFP) on the horizon in the United States, todays ADP report will give a fist look at what to expect in two days. The ADP covers the private sector only and expectations call for an increase of 200,000 private sector jobs for August. This would follow the 185,000 private job additions reported in July. In contrast, expectation for the NFP private job sector call for the addition of 208,000 jobs. The US Dollar could come under pressure should this data point come in below expectations.

Today’s Binary Option Trading Recommendations Overview:

EUR/JPY – Binary Call Option
EUR/USD – Binary Call Option
USD/CHF – Binary Put Option
Silver – Binary Call Option
EuroStoxx 50 – Binary Call Option

Currency Pairs on today’s Radar Screen:

EUR/JPY – The EUR/JPY is validating its newly formed horizontal support level which halted to most recent corrective phase. The 50 Day Moving Average (DMA) as well as the 200 DMA are both decelerating. The Accelerator Oscillator (AC) has formed a double bottom from where a build-up in positive momentum emerged. The Relative Strength Index (RSI) is trading in neutral territory after briefly dipping into extreme oversold conditions.
EUR/JPY Binary Options Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading just above of its horizontal support level with a positive bias. The EUR/JPY is expected to bounce into its descending resistance level from where a breakout is favored. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 135.500 on the H1 Hourly Chart. The upside potential for this binary call option is 345 pips to 138.950 while the downside potential is 170 pips to 133.800. This results in a risk/reward ratio of 2.03.

EUR/USD – The EUR/USD was able to advance from its intra-day low of 1.1156 which was reached on August 28th 2015. The 50 DMA is advancing just above of its horizontal support level and remains below the 200 DMA which is also moving higher. The AC has formed a positive divergence which indicates a continuation of the move to the upside while the RSI is trading in neutral conditions as a result from its breakdown below extreme overbought territory.
EUR/USD Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level. The EUR/USD is anticipated to break out above its descending resistance level from where this currency pair can accelerate to the upside. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.1280 on the H1 Hourly Chart. The upside potential for this binary call option is 430 pips to 1.1710 while the downside potential is 205 pips to 1.1075. This results in a risk/reward ratio of 2.10.

USD/CHF – The USD/CHF is testing the strength of its horizontal resistance level for a third time. The 50 DMA started to descend from its peak, but trades above the descending 200 DMA. The AC has formed a negative divergence which suggests a potential reversal in price action for this currency pair. The RSI is trading in neutral territory after reversing from oversold conditions. An online trading site focused on the Swiss Franc favors binary put options in this currency pair.
USD/CHF Binary Options
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level with a decrease in upward momentum. The USD/CHF is expected to enter a corrective phase from current levels. 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 340 pips to 0.9260 while the upside potential is 90 pips to 0.9690. This results in a risk/reward ratio of 3.78.

Today’s Commodity Trade

SilverSilver continued to advance following the breakout above its horizontal support level which resulted in a momentum change from negative to positive. The sideways drifting 50 DMA has started to narrow the gap to the 200 DMA which is in a shallow descend. The AC supports an extension of the advance in this precious metal as the RSI is trading in neutral conditions following the sideways trend after briefly trading in overbought territory.
Silver Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its ascending support level. Silver is anticipated to continue its advance 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 95 pips to 15.650 while the downside potential is 55 pips to 14.150. This results in a risk/reward ratio of 1.73.

Today’s Equity Index Recommendation

EuroStoxx 50 – The EuroStoxx 50 is trying to keep its uptrend alive after a sideways trend in this equity index allowed the ascending support level to catch up to price action . The 50 DMA is flattening out with a downward bias and remains below the 200 DMA which is moving lower. The AC shows an increase in upward momentum and the RSI is trading in oversold territory as a result of the move to the downside from overbought conditions.
EuroStoxx 50
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading near its ascending support level with an increase in upward pressure. The EuroStoxx 50 is expected to bounce higher from its ascending support level. Binary option traders are advised to seek binary call options in the EuroStoxx 50 equity index on dips below 3,180.0 on the H1 Hourly Chart. The upside potential for this binary call option is 37,500 pips to 3,555.0 while the downside potential is 15,000 pips to 3,030.0. This results in a risk/reward ratio of 2.50.

Key Fundamental Data:

Japan – The monetary base for August was reported at 33.3% year-over-year and the monetary base end came in at ¥327.4 trillion. This followed July’s level of 32.8% and ¥325.7 trillion respectively.
Eurozone – The Spanish unemployment change for August is anticipated to show a contraction of 55,900 after July’s contraction of 74,000.
Eurozone – Economists expected the Eurozone producer price index (PPI) to post a contraction of 0.1% in July month-over-month and 2.1% year-over-year. This would match June’s contraction of 0.1% month-over-month and represent a small improvement to the 2.2% contraction year-over-year.
United States – The ADP Employment report is anticipated to show the addition of 200,000 private sector jobs or August. This would follow the addition of 185,000 jobs reported for the month of July.
United States – The final revision for second-quarter non-farm productivity is expected to show an upward revision to 2.8% from the initially released figure of 1.3% while unit labor costs are anticipated to be revised down to -1.0% from 0.5%.
United States – Economists expect the New York ISM to fall to 67.0 in August from July’s level of 68.8 which would be in-line with other regional disappointments.
United States – Factory orders for July are anticipated to increase by only 0.9% following the 1.8% increase which was reported in June. Excluding transportation, factory orders are only expected to rise by 0.2% after expanding by 0.5% in the previous month.
United States – The Energy Information Agency (EIA) is expected to report a drawdown of 1,000,000 barrels in crude oil inventories for the week ending August 28th 2015 while gasoline inventories are expected to increase by 920,000. Crude oil inventories dropped by 5,452,000 barrels in the previous week and gasoline inventories rose by 1,660,000 barrels.

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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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