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MARKET ANALYSIS FOR JULY 22ND 2015

GBP/USD 1.25030 20:50 23.01
ALIBABA 98.255 20:45 23.01
GBP/USD 1.25057 20:40 23.01
BitCoin/CNY 6351.435 20:30 23.01
WELLS FARGO 54.405 20:30 23.01
TOYOTA (US) 118.250 20:30 23.01
COLGATE-PALMOLIVE 67.585 20:30 23.01
FERRARI 61.165 20:30 23.01
TSX 60 916.940 20:30 23.01
ALIBABA 98.210 20:30 23.01
BOEING 157.820 20:30 23.01
AUD/USD 0.75746 20:30 23.01
AUD/JPY 85.603 20:30 23.01
GBP/USD 1.25058 20:30 23.01
GENERAL ELECTRIC 29.645 20:30 23.01
S&P 500 2264.620 20:30 23.01
JP MORGAN CHASE 83.745 20:30 23.01
SILVER 17.171 20:30 23.01
AIG 65.535 20:30 23.01
USD/CAD 1.32506 20:30 23.01
GOLD 1215.815 20:30 23.01
DOW 19792.84 20:30 23.01
AUD/CAD 1.00366 20:30 23.01
DOLLAR INDEX-MAR17 100.135 20:30 23.01
3M 178.245 20:30 23.01
GOLD VS SILVER 70.8022 20:30 23.01
CITIGROUP 55.895 20:30 23.01
CITIGROUP VS AIG 0.85303 20:30 23.01
McDONALD'S 121.320 20:30 23.01
LAS VEGAS SANDS 55.485 20:30 23.01
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By: Adam Stone
July 22nd, 2015 5:22am GMT, London UK
 

Market Recap & Outlook

The Reserve Bank of Australia released minutes from its latest meeting on July 7th 2015 where rates remained unchanged at 2.00%. No action by the RBA was widely expected and the statement which followed the inaction was very similar to the one issued in June. While the RBA reiterated that any future change in monetary policy will depend on economic data as well as financial conditions it is widely believed that the RBA will not act on rates for the foreseeable future. The drop in the Australian Dollar was described as mild which suggests that the RBA would like an even lower exchange rate.

The other major central bank which released minuets from its latest policy meeting was the Bank of Japan. The two biggest developments to take away is that there is more agreement inside the central bank about long-term price increases while there is less agreement on the impact of the stimulus in place and its impacts on the economy. A growing number of voting members also remain skeptical about the 2.0% inflation target. The Japanese Yen managed to put together an advance during the global trading session.

Today’s economic data which was already released out of Australia and the expected economic data out of Japan are creating a very interesting trading day. Binary option traders can take advantage of the opportunities with two types of option trades; binary call options and binary put options. After the end of the Asian trading session a rather calm European as well as North American trading session is expected with price action moves on the back of low volume. Minutes from the latest Bank of England policy meeting could result in a volatility spike in the British Pound.

Today’s Binary Option Trading Recommendations Overview:

AUD/USD – Binary Put Option
USD/JPY – Binary Call Option
EUR/CHF – Binary Put Option
Oil – Binary Call Option
DAX 30 – Binary Put Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD has enjoyed a solid advance off of its intra-day low of 0.7327 which was recorded on July 20th 2015 and has broken out above its 50 Day Moving Average (DMA) while a recent pullback has taken this currency pair below its 200 DMA. The Accelerator Oscillator (AC) has supported the advance, but the Relative Strength Index (RSI) is now trading in neutral territory from where more downside is likely to follow. Binary options traders should expected an increase in volatility over the course of the trading week.
AUD/USD
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level which is being enforced by its descending resistance level. The AUD/USD is anticipated to reverse its advance in order to challenge its current horizontal support level. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7400 on the H1 Hourly Chart. The downside potential for this binary put option is 70 pips to 0.7330 while the upside potential is 30 pips to 0.7430. This results in a risk/reward ratio of 2.33.

USD/JPY – The USD/JPY has receded from its most recent intra-day high of 124.474 reached yesterday on July 21st 2015 as minutes from the Bank of Japan gave a boost to the quote currency, the Japanese Yen. The 50 DMA continues to trade above the 200 DMA which favors a continuation of the uptrend in this currency pair. The AC has confirmed the move to the downside while the RSI has plunged into extreme oversold territory. Binary option traders should expect a resumption of the uptrend.
USD/JPY Binary Options Analysis
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading at its ascending support level which originated from its intra-day low of 123.258 recorded on July 15th 2015. The USD/JPY is expected to find support and pressure price action to the upside. Binary option traders are advised to seek binary call options in the USD/JPY currency pair on dips below 123.750 on the H1 Hourly Chart. The upside potential for this binary call option is 70 pips to 124.450 while the downside potential is 25 pips to 123.500. This results in a risk/reward ratio of 2.80.

EUR/CHF – The EUR/CHF has spiked to the upside during yesterday’s trading session, but the strong advance has left this currency pair vulnerable for a counter-trend move as price action already broke down below its horizontal resistance level. The strong move to the upside has resulted in a bullish crossover between the 50 DMA and the 200 DMA which may soon reverse. The AC has formed a double top which suggests an exhaustion of the trend and the RSI is trading has broken down from extreme overbought territory and confirms a momentum change. This offers the final trading signal which supports trading put options in the EUR/CHF currency pair.
EUR/CHF Chart
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading just below of its newly formed horizontal resistance level from where further upside is being challenged. The EUR/CHF is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.0470 on the H1 Hourly Chart. The downside potential for this binary put option is 70 pips to 1.0400 while the upside potential is 30 pips to 1.0500. This results in a risk/reward ratio of 2.33.

Today’s Commodity Trade

Oil – Oil continues to struggle for direction, but its support level has prevented further downside as this commodity attempted a few breakouts without success. Oil is trading close to its psychological support level of 50.00 per barrel and a double bottom formation emerged. The gap between its 50 DMA and its 200 DMA has increased and continues to pressure this commodity to the downside, but the AC is showing an upward trend which is an encouraging sign. The RSI is now trading in oversold territory which may extend into extreme levels over the course of today’s trading session.
Oil Commodity Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level from where further downward momentum is being depleted. Oil is expected to accumulate enough upward momentum for an accelerated move to the upside. Binary option traders are advised to seek binary call options in Oil on dips below 50.20 on the H1 Hourly Chart. The upside potential for this binary call option is 325 pips to 53.45 while the downside potential is 120 pips to 49.00. This results in a risk/reward ratio of 2.71.

Today’s Equity Index Recommendation

DAX 30 – The DAX 30 has drifted to the downside after reaching its intra-day high of 11,804 on July 20th 2015. Binary option traders should expect more downside over the coming trading sessions. The 50 DMA/200 DMA bullish crossover has reached its maximum and is likely to converge. The AC has formed a negative divergence and indicates a potential price action reversal. The RSI did retreat into extreme oversold territory and is expected to plunge deeper into it as a bigger corrective phase is on the horizon.
DAX 30 Index Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading just below of its horizontal resistance level which has caused a shift in momentum. The DAX 30 is anticipated to drop into a corrective phase which will take this equity index back down to its horizontal support level. Binary option traders are advised to seek binary put options in the DAX 30 equity index on rallies above 11,570.00 on the H1 Hourly Chart. The downside potential for this binary put option is 90,000 pips to 10,670.00 while the upside potential is 43,000 pips to 12,000. This results in a risk/reward ratio of 2.09.

Key Fundamental Data:

Australia – The Consumer Price Index for the second-quarter came in below expectations. The CPI rose 0.7% quarter-over-quarter and 1.5% year-over-year. This represented an increase over the 0.2% increase and the 1.3% increase reported in the first-quarter respectively, but was below expectations for an increase of 0.8% and 1.7%.
Japan – The All Industry Activity Index is expected to show a contraction of 0.6% for May month-over-month after posting an increase of only 0.1% in April. The Japanese Yen is expected to react with an increase in volume after the release of this report.
United States – Existing Home Sales are expected to post an increase of 0.9% in June month-over-month to 5.40 million units. This would represent a sharp slowdown from the previous month where existing home sales surged by 5.1% to 5.35 million.
United States – Energy Information Energy Crude Oil Inventories are expected to show a drawdown of 1.3 million barrels for the week ending July 17th 2015. This would follow a drawdown of 4.346 million barrels reported in the week ending July 10th 2015.

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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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