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MARKET INSIGHTS BINARY OPTIONS FOR JULY 28TH 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
July 28th, 2015 5:22am GMT, London UK

Market Insights & Outlook:

Yesterday’s durable goods orders report out of the United States came in better than economists expected, but failed to provide a lift to the US Dollar. Durable goods orders rose by 3.4% in June which followed the 2.1% contraction reported in May. Economists expected an increase of 3.2%. Durable goods orders excluding transportation rose by 0.8% in June after posting a contraction of 0.1% in the previous month while expectations called for an increase of 0.5%. The US Dollar remained under pressure to start the trading week.

The Federal Open Market Committee (FOMC) will start its two-day meeting today, but is expected to keep interest rates unchanged at 0.25%. Despite more hawkish sounding US Federal Reserve Chairwoman Janet Yellen, it is highly unlikely that monetary policy will change in 2015. The US Dollar advanced based on hopes for the signal of a potential change in interest rates out of the US central bank, and any delay is expected to increase downward pressure on the greenback.

The British Pound could experience a volatile trading session with the release of its second-quarter GDP which is expected to increase by 0.7%. This would mark the 10th consecutive quarter of GDP expansion for the United Kingdom and bring an increase in interest rates out of the Bank of England closer. Option day trading recommendations have favored binary call options in currency pairs where the British Pound is the base currency such as the GBP/USD and the GBP/JPY; binary put options are recommended for the EUR/GBP where the British currency is the quote currency.

Today’s Binary Option Trading Recommendations Overview:

AUD/USD – Binary Call Option
GBP/JPY – Binary Call Option
USD/CAD – Binary Call Option
Palladium – Binary Put Option
CAC 40 – Binary Call Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD ended its corrective phase and caught and is trying to stabilize after reaching its intra-day low of 0.7257 today on July 28th 2015. The 50 Day Moving Average (DMA) has approached its horizontal support level while the 200 DMA trades alongside its descending resistance level. The Accelerator Oscillator (AC) has confirmed the increase in upward momentum while the Relative Strength Index (RSI) completed a breakout from extreme oversold territory and is trading in neutral conditions.
AUD/USD Market Insights Binary Options
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The AUD/USD is anticipated to advance into its descending resistance level from where more upside it likely. Binary option traders are advised to seek binary call options in the AUD/USD currency pair on dips below 0.7300 on the H1 Hourly Chart. The upside potential for this binary call option is 145 pips to 0.7445 while the downside potential is 45 pips to 0.7255. This results in a risk/reward ratio of 3.22.

GBP/JPY – The GBP/JPY has pushed higher after a brief breakdown below its horizontal support level and is expected to continue its advance. The 50 DMA is trading below the 200 DMA which has increased downward pressure on this currency pair. The AC has formed a positive divergence and points towards a reversal in price action. The RSI also formed a positive divergence and completed a breakout from extreme oversold conditions.
GBP/JPY Binary Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading just above of its horizontal support level which is being pressured by its descending 50 DMA. The GBP/JPY is expected to accelerate its advance after the breakout above its 50 DMA. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 192.150 on the H1 Hourly Chart. The upside potential for this binary call option is 180 pips to 193.950 while the downside potential is 115 pips to 191.000. This results in a risk/reward ratio of 1.57.

USD/CAD – The USD/CAD broke down from its intra-day high of 1.3090 which was recorded on July 24th and dropped to its ascending support level. The 50 DMA continues to trade above the 200 DMA which supports a resumption of the previous uptrend. The AC supports the case for an advance from current levels as the RSI has is trading in neutral territory after breaking out from oversold conditions. Option day trading is highly profitable if the right binary option trade has been placed.
USD/CAD Binary Options Chart
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading below its 50 DMA, but above its 200 DMA near its ascending support level. The USD/CAD is anticipated to spike higher in order to challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3030 on the H1 Hourly Chart. The upside potential for this binary call option is 60 pips to 1.3090 while the downside potential is 30 pips to 1.3000. This results in a risk/reward ratio of 2.00.

Today’s Commodity Trade

Palladium – Palladium is struggling near its descending resistance level which may force a move to the downside and back into its horizontal support level. The 50 DMA, which started to trend sideways, is trading below the 200 DMA which is descending; this assisted the drift to the downside after this commodity touched its 200 DMA. The AC points towards a potential increase in downward pressure and the RSI is trading in neutral conditions after descending from overbought conditions
Palladium Commodity Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below its descending resistance level as well as below its 200 DMA on the H1 Hourly Chart. Palladium is expected to continue its move to the downside. Binary option traders are advised to seek binary put options in Palladium on rallies above 980.0 on the H1 Hourly Chart. The downside potential for this binary put option is 1,900 pips to 961.0 while the upside potential is 1,100 pips to 990.0. This results in a risk/reward ratio of 1.90.

Today’s Equity Index Recommendation

CAC 40– The CAC 40 witnessed a collapse in price action from its horizontal resistance level down to its newly formed horizontal support level. The 50 DMA is descending, but continues to trade above its 200 DMA which is ascending and located just above its horizontal support level. The AC has formed a positive divergence which suggests a potential end to the corrective phase. The RSI is trading in extreme oversold territory which is not sustainable and a counter-trend move is expected.
CAC 40
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trying to validate its new horizontal support level. The CAC 40 is anticipated to breakout above its 200 DMA from where this equity index can further advance. Binary option traders are advised to seek binary call options in the CAC 40 equity index on dips below 4,940.00 on the H1 Hourly Chart. The upside potential for this binary call option is 24,500 pips to 5,185.00 while the downside potential is 8,000 pips to 4,860.00. This results in a risk/reward ratio of 3.06.

Key Fundamental Data:

Australia – The ANZ Roy Morgan Weekly Consumer Confidence Index for July 26th 2015 rose to 112.5 after recording a level of 111.8 in the week ending July 19th 2015.
United Kingdom – Economists expect an increase of 0.7% in the second-quarter GDP quarter-over-quarter and a year-over-year increase of 2.6%. This would follow the first-quarter’s increase of 0.4% and 2.9% respectively.
United Kingdom – The Index of Services reports is anticipated to show an increase in May of 0.3% month-over-month after posting an increase of 0.2% in April. The three-month-over-three-month period which ended May is expected to show an increase of 0.5% which would match the 0.5% increase reported in the previous month.
Canada – The Industrial Product Price Index is expected to rise by 0.3% in June month-over-month and the Rae Materials Price Index is expected to increase by 1.0%. This would represent a slowdown from the increase of 0.5% and 4.4% which were reported in May respectively.
United States – The S&P/Case-Shiller Composite 20, a measure of house prices in the 20 largest markets across the US, is expected to post an annualized increase of 5.60% in May after rising by 4.91% in April.
United States – The preliminary Markit Services PMI is expected to come in at 55.0 for July, up 0.2 points from the 54.8 reported in June.
United States – Consumer Confidence likely decelerated in July to a level of 100.0 from the 101.4 which was reported in June.
United States – The Richmond Federal Reserve Manufacturing Index is expected to come in at 8 for the month of July. This would represent an increase from the 6 which was reported in June.

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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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