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BINARY OPTIONS INSIGHTS FOR JANUARY 8TH 2016

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
January 8th 2016 9:03 GMT, London UK

Market Recap & Outlook:

Halifax House Prices in the United Kingdom rose by 1.7% in December month-over-month and by 9.5% year-over-year. This marked a reversal over November’s contraction of 0.2% month-over-month and an improvement over the 9.0% increase reported year-over-year. Consensus estimates called for a growth rate of 0.5% and 9.0%. How to invest in options? Just open and fund your free trading account at GOptions and you will be able to transact in the binary options market.

Confidence in the Eurozone rose across the board in December. The business climate indicator clocked in at 0.41, beating expectations for a rise to 0.39 from November’s level of 0.36. Economic confidence rose by 0.7 points to 106.8 against calls for a decrease to 106.0. Industrial confidence improved to a level of -2.0, better than the rise of 0.3 points to -2.9 from the previous month’s reading of -3.2 which was anticipated. Services confidence came in at 13.1, up 0.3 points from November’s 12.8 and above the 12.6 which was expected.

Finish industrial production is favored to reverse the previous month’s drop of 0.8% month-over-month with an increase of 0.8% in November. Industrial production out of France is expected to post a contraction of 0.4% in November month-over-month and an increase of 3.3% year-over-year. This would mark a reversal over October’s rise of 0.5% month-over-month, but an improvement over the increase of 2.3% year-over-year. Greek industrial production is anticipated to contract by 2.0%, but Irish industrial production is set to expand by 12.4% following October’s decrease of 1.9% and rise of 17.1%.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Call Option
• GBP/USD – Binary Call Option
• EUR/CHF – Binary Put Option
• Gold – Binary Put Option
• NASDAQ 100 – Binary Call Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD has broken its downtrend with a breakout above its horizontal support level. The 50 Day Moving Average (DMA) is moving to the downside and remains below the 200 DMA which is moving lower as well. The Accelerator Oscillator (AC) has formed a positive divergence as the Relative Strength Index (RSI) is trading in neutral territory following the advance from extreme oversold conditions.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level with a rise in upside pressure. The NZD/USD is anticipated to drift into its 200 DMA from where a breakout is expected. Binary option traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6665 on the H1 Hourly Chart. The upside potential for this binary call option is 215 pips to 0.6880 while the downside potential is 75 pips to 0.6590. This results in a risk/reward ratio of 2.87.

NZDUSD

GBP/USD – The GBP/USD reversed direction after dropping to its most recent intra-day low of 1.4533 which was reached yesterday on January 7th 2016. The descending 50 DMA maintains its positions below the descending 200 DMA. The AC shows the accumulation in positive momentum in this currency pair. The RSI is trading in neutral conditions as a result of the spike to the upside from extreme oversold territory.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. The GBP/USD is expected to extend its advance into its horizontal resistance level. Binary option traders are advised to seek binary call options in the GBP/USD currency pair on dips below 1.4650 on the H1 Hourly Chart. The upside potential for this binary call option is 280 pips to 1.4930 while the downside potential is 115 pips to 1.4535. This results in a risk/reward ratio of 2.44.

GBPUSD

EUR/CHF – The EUR/CHF is losing upside momentum following the move to the downside from its horizontal resistance level. The 50 DMA continues to trade above the 200 DMA as both moving averages are drifting higher. The AC indicates the gradual build-up in negative pressure in this currency pair while the RSI is trading in neutral territory after descending from oversold conditions; this added to the rise momentum to the downside.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level, but above its 200 DMA. The EUR/CHF is anticipated to drop down into its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.0840 on the H1 Hourly Chart. The downside potential for this binary put option is 65 pips to 1.0775 while the upside potential is 30 pips to 1.0870. This results in a risk/reward ratio of 2.17.

EURCHF

Today’s Commodity Trade
Gold – Gold has forced a change in momentum from positive to negative after successfully pushing below its horizontal resistance level. The ascending 50 DMA is widening the gap to the ascending 200 DMA. The AC points towards the formation of a negative divergence which favors a price action reversal in this precious metal. The RSI is trading in neutral conditions following the breakdown from extreme overbought territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level with an increase in downside pressure. Gold is expected to enter a corrective phase. Binary option traders are advised to seek binary put options in Gold on rallies above 1,100.00 on the H1 Hourly Chart. The downside potential for this binary put option is 4,175 pips to 1,058.25 while the upside potential is 1,300 pips to 1,113.00. This results in a risk/reward ratio of 3.21.

Gold

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 was able to stabilize inside of its horizontal support level from where a counter-trend advance is expected. The 50 DMA is moving to the downside below the 200 DMA which is descending as well. The AC favors more upside due to the build-up in positive pressure and the RSI is trading in neutral territory following the spike higher from extreme oversold conditions. A review of the best stock trader strategies shows an overweight in call options in this equity index.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level. The NASDAQ 100 is anticipated to accelerate to the upside. Binary option traders are advised to seek binary call options in the NASDAQ 100 equity index on dips below 4,360.00 on the H1 Hourly Chart. The upside potential for this binary call option is 34,500 pips to 4,705.00 while the downside potential is 7,000 pips to 4,290.00. This results in a risk/reward ratio of 4.93.

NASDAQ 100

Key Fundamental Data:
Japan – Average cash earnings for the month of December were reported at 0.0% year-over-year following the previous month’s rise of 0.7%. Consensus estimates called for an increase of 0.7%.
Japan – Expectations for the preliminary November Coincident Index call for a reading of 111.6 while the Leading Index is anticipated to come in at 103.9 following October’s reading of 113.3 and 104.2 respectively.
Switzerland – The December unemployment rate is favored to rise by 0.2% to 3.6% from the previous month’s level of 3.4%.
Eurozone – Economists anticipate November industrial production out of Germany to post an increase of 0.5% month-over-month and 0.5% year-over-year after rising by 0.2% and clocking in at 0.0% during the preceding month.
Eurozone – The current account surplus out of Germany is set to decrease to €21.0 billion in November from October’s surplus of €23.0 billion. The trade surplus is called in at €20.2 billion after the previous month’s surplus of €22.3 billion. Exports are favored to rise by 0.5% and imports are expected to increase by 1.0% which would represent a turnaround over October’s drop of 1.3% and 3.3%.
Switzerland – Expectations for the December consumer price index (CPI) favor a contraction of 0.3% month-over-month and 1.2% year-over-year following the decrease of 0.1% and 1.4% which was reported in November.
United Kingdom – Consensus estimates for the November total trade deficit call for a decrease to £2.700 billion from the previous month’s deficit of £4.140 billion. The visible trade deficit is called in at £10.500 billion and the non-EU deficit is expected at £3.250 billion after October’s deficit of £11.827 billion and £3.729 billion respectively.
United States – Economists anticipate the December non-farm payroll (NFP) report to show the addition of 200,000 jobs, down 11,000 from November’s 211,000 job additions while the unemployment rate is favored to remain unchanged at 5.0%. Private payrolls are expected to rise by 200,000, an increase of 3,000 over the previous month’s addition of 197,000. The net revision to the previous two month’s needs to be added to today’s figure. The average workweek is set to remain unchanged at 34.5 hours. Average hourly earnings are anticipated to post an increase of 0.2% month-over-month and of 2.8% year-over-year. This would match November’s rise of 0.2% month-over-month, but represent an improvement over the 2.3% increase year-over-year. The labor force participation rate as well as underemployment rate are expected to show no change over the previous month’s level of 62.5% and 9.9%.
United States – November wholesale trade sales are set to clock in at 0.0% month-over-month while wholesale inventories are favored to post a contraction of 0.1%. This would match the level of 0.0% and decrease of 0.1% which was reported in October.

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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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