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NFP AND BINARY OPTIONS INSIGHTS FOR NOVEMBER 6TH 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
November 6th, 2015 7:54am GMT, London UK

Market Recap & Outlook:

The Bank of England (BoE) kept interest rates on hold at 0.50% and the asset purchase target unchanged at £375 billion which was widely expected, but the British Pound plunged during yesterday’s trading session as consensus for an increase in interest rates was further delayed. The new consensus calls for an interest rate hike by December 2016 and Governor Carney mentioned that growth has ticked down while domestic prices are advancing.

The Canadian Ivey Purchasing Managers Index for the month of October disappointed with a reading of 53.1. Economists anticipated an increase to 54.0 from September’s level of 53.7. The Canadian Dollar remained stagnant, awaiting today’s employment report. The Ivey PMI indicates an extended amount of negative pressure from the commodity price collapse on the Canadian economy, but remains in expansion territory.

Today’s NIESR gross domestic product (GDP) estimate for the three months ending in October call for an increase of 0.6% following September growth rate of 0.5%. Given the strong move to the downside after yesterday’s BoE ‘Super Thursday’, a pick-up in the GDP growth estimate is favored to reverse the move partially. Binary options free demo accounts can be used by new traders in order to understand how the trading platform is operated.
Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Call Option
• GBP/JPY – Binary Call Option
• USD/CAD – Binary Call Option
• Crude Oil – Binary Put Option
• Nikkei 225 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD completed a breakout above its horizontal support level which forced a momentum change to positive. The 50 Day Moving Average (DMA) maintains its position below the 200 DMA as both moving averages are descending. The Accelerator Oscillator (AC) favors an extension of the advance and the Relative Strength Index (RSI) is trading in neutral conditions following the drop from overbought territory.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level. The NZD/USD is expected to drift into its 200 DMA from where further upside is likely to emerge. Binary option traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6630 on the H1 Hourly Chart. The upside potential for this binary call option is 180 pips to 0.6810 while the downside potential is 55 pips to 0.6575. This results in a risk/reward ratio of 3.27.

NZDUSD

GBP/JPY – The GBP/JPY plunged from its horizontal resistance level down into its ascending support level. The descending 50 DMA continues to trade above the sideways trending 200 DMA. The AC confirmed the drop in price action, but has reversed from its low and is showing an increase in upside pressure. The RSI is trading in oversold territory as a result of the reversal from extreme oversold conditions which has added to the rise in positive momentum.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level, but below its 200 DMA. The GBP/JPY is anticipated to recover back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 185.200 on the H1 Hourly Chart. The upside potential for this binary call option is 250 pips to 187.700 while the downside potential is 90 pips to 184.300. This results in a risk/reward ratio of 2.78.

GBPJPY

USD/CAD – The USD/CAD has bounced higher after setting its most recent intra-day low of 1.3038 on November 3rd 2015. The 50 DMA is moving to the upside and narrowing the gap to the 200 DMA which is trending sideways. The AC supports more upside from current levels as positive pressure is accumulating while the RSI is trading in neutral conditions after the breakdown from extreme overbought territory.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its 200 DMA. The USD/CAD is expected to drift higher until it will reach its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3170 on the H1 Hourly Chart. The upside potential for this binary call option is 110 pips to 1.3280 while the downside potential is 50 pips to 1.3120. This results in a risk/reward ratio of 2.20.

USDCAD

Today’s Commodity Trade
Crude Oil – Crude Oil deflated its upside pressure after breaking down below its horizontal resistance level. The descending 50 DMA remains above the sideways trending 200 DMA. The AC points towards a contraction in positive momentum as the RSI is trading in oversold territory following the advance from extreme oversold conditions. A top binary options broker will offer traders a wide range of assets in order to operate a well-diversified portfolio.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level with a build-up in downside momentum. Crude Oil is anticipated to accelerate to the downside. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 45.00 on the H1 Hourly Chart. The downside potential for this binary put option is 240 pips to 42.60 while the upside potential is 115 pips to 46.15. This results in a risk/reward ratio of 2.09.

Crude Oil

Today’s Equity Index Recommendation
Nikkei 225 – The Nikkei 225 is faced with a momentum change from positive to negative following the drift below its horizontal resistance level. The 50 DMA is accelerating above the 200 DMA which is moving higher at a slower pace. The AC has formed a negative divergence which supports a counter-trend move to the downside. The RSI is trading in neutral conditions as a result of the drop from extreme overbought territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The Nikkei 225 is expected to resume its move to the downside. Binary option traders are advised to seek binary put options in the Nikkei 225 equity index on rallies above 19,150.0 on the H1 Hourly Chart. The downside potential for this binary put option is 52,000 pips to 18,630.0 while the upside potential is 18,000 pips to 19,330.0. This results in a risk/reward ratio of 2.89.

Nikkei 225

Key Fundamental Data:
Japan – Bond holders in Japan purchased ¥882.8 billion worth of foreign bonds for the week ending October 30th 2015 while equity investors added ¥173.0 billion worth of foreign stocks to their portfolios. This followed the previous week’s upward revised addition of ¥464.9 billion worth of foreign bonds and the upward revised purchase of ¥158.9 billion worth of foreign stocks.
Japan – Expectations for the September preliminary leading index call for a level of 101.8 while the coincident index is anticipated at 112.1. This would follow the previous report’s level of 103.5 and 112.2 respectively.
United Kingdom – Economists anticipate a contraction of 0.1% in September industrial production month-over-month and an increase of 1.3% year-over-year. This would represent a slowdown over the 1.0% and 1.9% increase which was released for the previous month. Manufacturing production is expected to rise by 0.6% month-over-month, but to contract by 0.7% year-over-year following August’s increase of 0.5% and contraction of 0.8%.

United Kingdom – The total trade balance for the month of September is called in at a deficit of £3.000 billion after being reported at a deficit of £3.268 billion in August. The non-EU trade balance is expected to clock in at a deficit of £3.100 billion while the visible trade balance is favored to show a deficit of £10.600 billion. This would mark a decrease over the deficits of £3.765 billion and £11.149 billion released in the previous month respectively.
Canada – Building permits are set to rise by 1.5% in September month-over-month which would partially reverse the 3.7% contraction reported in August.

Canada – The October employment report is anticipated to show the addition of 10,000 jobs and an unemployment rate of 7.1%. This would follow September’s employment report which showed 12,100 job additions with an unemployment rate of 7.1%. The labor force participation rate is called down to 65.8% from the previous month’s level of 65.9%. The addition of 30,000 full-time positions and the loss of 20,000 part-time jobs is expected. This would follow September’s loss of 61,900 full-time positions and the addition of 74,000 part-time jobs.

United States – Expectations for the October non-farm payroll (NFP) report call for the addition of 184,000 jobs following September’s job additions of 142,000. The unemployment rate is expected to decrease by 0.1% to 5.0% from the previous month’s level of 5.1%. The underemployment rate is also called down by 0.1% to 9.9%. Private payrolls are called up by 165,000 and the labor force participation rate is expected to remain unchanged at 62.4% as is the average work week at 34.5 hours. Average hourly earnings are anticipated to post an increase of 0.2% month-over-month and 2.3% year-over-year following the previous month’s level of 0.0% and increase of 2.3% respectively.
United States – Consumer credit for September is favored to increase to $17.750 billion from August’s $16.018 billion.

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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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