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BINARY OPTIONS INSIGHTS FOR JANUARY 21ST 2016

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
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By: Adam Stone
January 21st, 2016 08:32am GMT, London UK

Market Recap & Outlook:

German producer prices posted a contraction of 0.5% in December month-over-month and of 2.3% year-over-year. This was worse than the decrease of 0.4% and 2.2% which was anticipated respectively and followed the previous month’s drop of 0.2% month-over-month and of 2.5% year-over-year.

The Euro was pushed to the upside during the trading session. The best binary options broker shows a rise in volatility for the Eurozone currency.
Housing starts in the United States unexpectedly decreased by 2.5% in December month-over-month to 1,149,000 units. Expectations called for an increase of 2.5% to 1,200,000 from the previous month’s downward revised increase of 10.1% to 1,179,000 starts. Building permits posted a contraction of 3.9% to 1,232,000 permits from November’s downward revised increase of 10.4% to 1,282,000 permits. Economists anticipated a bigger drop of 6.4% to 1,200,000 permits.

During the Asian morning session, Japan reported the sale of ¥375.2 billion worth of foreign bonds and purchase of ¥215.3 billion worth of foreign equities for the week ending January 15th 2016. This followed the previous week’s purchase ¥323.5 billion worth of foreign bonds and ¥198.9 billion worth of foreign equities. The Japanese Yen continues to trade in overbought conditions and a temporary reversal is anticipated to emerge.

Today’s Binary Option Trading Recommendations Overview:
• EUR/JPY – Binary Call Option
• NZD/USD – Binary Call Option
• EUR/USD – Binary Put Option
• Gold – Binary PutOption
• Nikkei 225 – Binary Call Option

Currency Pairs on today’s Radar Screen:
EUR/JPY
– The EUR/JPYplunged from its horizontal resistance level into its horizontal support level from where it was able to spike higher. The descending 50 Day Moving Average (DMA) continues to trade belowthe descending 200 DMA. The Accelerator Oscillator (AC) favors a price action reversal as upside momentum is on the rise and the Relative Strength Index (RSI) is trading in neutral territory after briefly dipping into extreme oversold conditions.

EUR/JPY  Binary Options Insights for January 21st 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of itswide horizontal support level with a build-up in positive pressure. The EUR/JPY is anticipated to extend its move into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 127.700 on the H1 Hourly Chart. The upside potential for this binary call option is 105 pips to 128.750 while the downside potential is 50 pips to 127.200. This results in a risk/reward ratio of 2.10.

NZD/USD – The NZD/USDforced a change in momentum from negative to positive with the breakout above its horizontal support level. The 50 DMA is trending sideways below the200 DMA which is descending. The AC points towards the accumulation in upside momentumin this currency pair. The RSI is trading in neutral conditions following the reversal from overbought territory; a move into extreme overbought levels is anticipated.

NZD/USD Binary Options Insights for January 21st 2016

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 accelerate to the upside from current levels. Binary option traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6450 on the H1 Hourly Chart. The upside potential for this binary call option is 140 pips to 0.6590 while the downside potential is 70 pips to 0.6380. This results in a risk/reward ratio of 2.00.

EUR/USD – The EUR/USDreversed direction after recording its intra-day high of 1.0976 yesterday on January 20th 2016 which led to a breakdown below its horizontal resistance level. The 50 DMA remains above the200 DMA and both moving averages are drifting sideways. The AC shows the collapse in positive pressure while the RSI is trading in neutral territory as a result of the move higher from oversold conditions; a plunge back into oversold levels is expected to follow.

EUR/USD Binary Options Insights for January 21st 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level with an increase in downside momentum. The EUR/USD is anticipated to reverse into its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.0870 on the H1 Hourly Chart. The downside potential for this binary put option is 65 pips to 1.0805 while the upside potential is 30 pips to 1.0900. This results in a risk/reward ratio of 2.17.

Today’s Commodity Trade
Gold – Gold is testing the strength of its horizontal resistance level from where a breakout is unlikely to materialize. The50 DMA is ascending and crossed above the200 DMA which is trending to the downside. The AC suggests a price action reversal as a negative divergence emerged.The RSI is trading in neutralconditionsafter descending from extreme overbought territory. The best binary options trading strategies hedge their portfolio with gold options.

Gold  Today’s 21/01/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. Gold is expected to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in Gold on rallies above 1,097.00 on the H1 Hourly Chart. The downside potential for this binary put option is 2,550 pips to 1,071.50 while the upside potential is 1,250 pips to 1,109.50. This results in a risk/reward ratio of 2.04.

Today’s Equity Index Recommendation
Nikkei 225 – The Nikkei 225stabilized inside of its newly formed horizontal support level from where a breakout emerged.The descending 50 DMA maintains its position below thedescending 200 DMA. The AC indicates continuation of the move to the upside and positive pressure is rising as the RSI is trading in neutral territory following the dip lower after reaching overbought conditions; a move into extreme overbought levels is favored.

Nikkei 225 Today’s 21/01/2016 Equity Index

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level, but below its 50 DMA. The Nikkei 225 is anticipated to drift into its 200 DMA from where more upside is expected. Binary option traders are advised to seek binary call options in the Nikkei 225equity index on dips below 16,575.0 on the H1 Hourly Chart. The upside potential for this binary call option is 130,000 pips to 17,875.0 while the downside potential is 57,500 pips to 16,000.0. This results in a risk/reward ratio of 2.26.

Key Fundamental Data:
New Zealand
– The ANZ Consumer Confidence Index for the month of January increased by 2.3% to 121.4 after plunging by 3.3% to 118.7 in the previous month.
Japan – Economists anticipate the All Industry Activity Index to drop by 0.7% in November month-over-month, partially reversing October’s increase of 1.0%.

Eurozone – Expectations for Dutch consumer confidence call for a rise of 0.8 points to 6.8 in January from the previous month’s reading of 6.0. Household consumption is called down to a growth rate of 1.75% for November year-over-year following the previous year’s rise of 1.80%. The December unemployment rate is favored to remain unchanged from November’s level of 6.8%.

Eurozone – Economists anticipate no change in French business confidence for January from December’s level of 103.

Denmark – January consumer confidence is called down by 0.4 points to 5.7 from the 6.1 which was reported in the previous month.
Turkey – Consumer confidence is favored to drop to 70.75, down 2.83 points from December’s reading of 73.58.

Eurozone –Consensus estimates for the Spanish trade deficit for November call for an increase to €2.4 billion from October’s deficit of €1.9 billion.
Israel – Industrial production for the month of November is set to rise by 0.7% month-over-month and to contract by 4.6% year-over-year after the previous month’s increase of 0.2% and 0.8% respectively.

Eurozone – Expectations for the current account balance favor a surplus of €321.3 million for the month of November out of Portugal, down from the previous month’s surplus of €448.2 million.

Eurozone – The European Central Bank (ECB) is anticipated to keep interest rates unchanged at 0.05%, the marginal lending facility rate on hold at 0.30% and the deposit facility rate untouched at -0.30%.

United States – Consensus estimates for initial jobless claims call for a decrease of 4,000 to 280,000 for the week ending January 16th 2016 while continuing claims are expected to drop by 10,000 to 2,253,000 for the week ending January 9th 2016.

United States – Economists anticipate the Philadelphia Federal Reserve Manufacturing Index for January to improve to a reading of -5.0 from December’s level of -10.2.

Eurozone – Expectations for Belgian consumer confidence call for a plunge to -8 in January from the previous month’s level of -3.

Eurozone – The advanced January consumer confidence reading is favored to confirm the previously released level of -5.7.

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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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