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BINARY OPTIONS INSIGHTS FOR JANUARY 22ND 2016

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
January 22nd, 2016 08:32am GMT, London UK

Market Recap & Outlook:

The European Central Bank (ECB) decided to keep all three rates it controls unchanged from its previous level; the interest rate at 0.05%, the marginal lending facility rate at 0.30% and the deposit facility rate at -0.30%. The plunge in oil prices was cited as distorting the inflation picture as many economies are now faced with a deflationary environment. The Euro remained stable after the expected inaction by the European central bank.

The Energy Information Agency (EIA) out of the United States released its inventory report for the week ending January 15th 2016 which showed a build-up of 3,979,000 barrels in crude oil and 4,563,000 barrels in gasoline. Economists anticipated a rise of 2,750,000 barrels and 750,000 barrels respectively following the increase of 234,000 barrels in crude oil and 8,438,000 barrels in gasoline which was reported in the preceding week. Binary options day trading is one of the most profitable forms of trading available today.

Consensus estimates for retail sales out of the United Kingdom favor a contraction of 0.3% month-over-month in December and a rise of 3.5% year-over-year after surging by 1.7% and 3.9% in November. Retail sales including autos and fuel are set to decrease by 0.3% month-over-month, but to expand by 4.4% year-over-year. This would represent a reversal over November’s growth rate of 1.7% month-over-month and a slowdown over the 5.0% increase year-over-year.

Today’s Binary Option Trading Recommendations Overview:
• GBP/USD – Binary Call Option
• EUR/CHF – Binary Put Option
• USD/CAD – Binary Call Option
• Crude Oil – Binary Call Option
• FTSE 100 – Binary Call Option

Currency Pairs on today’s Radar Screen:
GBP/USD – The GBP/USD completed a breakout above its horizontal support level which resulted in a momentum change to positive. The 50 Day Moving Average (DMA) started to drift higher below the 200 DMA which is descending. The Accelerator Oscillator (AC) formed a positive divergence prior to the breakout as the Relative Strength Index (RSI) is trading in neutral territory following the deceleration from overbought conditions.

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 drift into its 200 DMA from where a breakout is favored. Binary option traders are advised to seek binary call options in the GBP/USD currency pair on dips below 1.4220 on the H1 Hourly Chart. The upside potential for this binary call option is 270 pips to 1.4490 while the downside potential is 90 pips to 1.4130. This results in a risk/reward ratio of 3.00.

GBPUSD

EUR/CHF – The EUR/CHF is trending sideways below its horizontal resistance level which is depleting positive pressure. The descending 50 DMA maintains its position above the ascending 200 DMA. The AC indicates a contraction in upside momentum while the RSI is trading in oversold conditions as a result of the move lower from overbought territory; this added to the accumulation in negative pressure in this currency pair.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level and below its 200 DMA. The EUR/CHF is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.0920 on the H1 Hourly Chart. The downside potential for this binary put option is 75 pips to 1.0845 while the upside potential is 25 pips to 1.0945. This results in a risk/reward ratio of 3.00.

EURCHF

USD/CAD – The USD/CAD plunged from its horizontal resistance level into its horizontal support level. The 50 DMA is moving to the downside and closing in on the 200 DMA which continues its advance. The AC points towards the recovery from its most recent low. The RSI is trading in oversold territory after ascending from extreme oversold conditions which added to the increase in positive pressure suggesting a counter-trend advance.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. The USD/CAD is expected to recover back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.4300 on the H1 Hourly Chart. The upside potential for this binary call option is 390 pips to 1.4690 while the downside potential is 125 pips to 1.4175. This results in a risk/reward ratio of 3.12.

USDCAD

Today’s Commodity Trade
Crude Oil – Crude Oil spiked to the upside from its most recent intra-day low of 27.85 which was recorded yesterday on January 21st 2016. The ascending 50 DMA is slowly closing the gap to the descending 200 DMA. The AC shows the rise in upside momentum after the breakout occurred. The RSI is trading in overbought conditions following the drop from extreme overbought territory; a move back into extreme levels is expected.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level, but below its 200 DMA. Crude Oil is anticipated to extend the breakout until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in Crude Oil on dips below 29.75 on the H1 Hourly Chart. The upside potential for this binary call option is 245 pips to 32.20 while the downside potential is 100 pips to 28.75. This results in a risk/reward ratio of 2.45.

Crude Oil

Today’s Equity Index Recommendation
FTSE 100 – The FTSE 100 forced a momentum change from negative to positive with the breakout above its horizontal support level. The 50 DMA is trending sideways, but remains below the 200 DMA which is moving lower. The AC favors further upside due the accumulation in positive pressure and the RSI is trading in neutral territory as a result of the move higher from extreme oversold conditions. Binary traders are recommended to buy options in this equity index in order to hedge existing put options in individual stocks.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level with a rise in upside momentum. The FTSE 100 is expected to continue its advance. Binary option traders are advised to seek binary call options in the FTSE 100 equity index on dips below 5,800.00 on the H1 Hourly Chart. The upside potential for this binary call option is 35,500 pips to 6,155.00 while the downside potential is 11,000 pips to 5,690.00. This results in a risk/reward ratio of 3.23.

FTSE 100

Key Fundamental Data:
Denmark – Expectations for December retail sales favor a rise of 0.2% month-over-month and 1.8% year-over-year after increasing by 0.1% and 1.0% in November.
Eurozone – The preliminary French Markit Composite PMI for January is called in at 50.7, up 0.6 points from December’s reading of 50.1. The Markit Services PMI is favored to increase by 0.4 points to 50.2 from the previous month’s contractionary level of 49.8 and the Markit Manufacturing PMI is expected to drop to 51.3 from 51.4.
Eurozone – Economists anticipate the preliminary January German Markit/BME Composite Index to decrease to 55.1, down 0.4 points from the previous month’s reading of 55.5. The Markit Services PMI is expected to contract by 0.5 points to 55.5 from 56.0 as the Markit/BME Manufacturing PMI is set to clock in at 53.0, down 0.2 points from December’s level of 53.2.
Eurozone – Consensus estimates for the Markit Composite PMI favor a drop of 0.2 points to 54.1 in the preliminary January reading over the preceding month’s figure of 54.3. The Markit Services PMI is expected to come in at 54.1, down from December’s level of 54.2 while the Markit Manufacturing PMI is anticipated to decrease by 0.2 points from 53.2 to 53.0.
United Kingdom – Expectations for December public sector net borrowing (PSNB) call for a decrease to £10.0 billion from November’s £13.6 billion. PSNB excluding banking groups is favored to drop to £10.5 billion from the previous month’s £14.2 billion.
Canada – Retail sales are favored to increase by 0.3% in November month-over-month and excluding auto sales by 0.4% following the previous month’s rise of 0.1% and reading of 0.0% respectively.
Canada – Economists anticipate the consumer price index (CPI) to post a contraction of 0.3% in December month-over-month and an increase of 1.7% year-over-year after decreasing by 0.1% and rising by 1.4% in November. Excluding food and energy, the core CPI, is favored to drop by 0.3% month-over-month and to expand by 2.0% year-over-year. This would match the contraction of 0.3% and expansion of 2.0% which was reported in November.
United States – Consensus estimates for the December Chicago Federal National Activity Index call for an improvement to -0.08 from the previous month’s reading of -0.30.
United States – Expectations for the Markit Manufacturing PMI favor a decrease of 0.2 points to 51.0 in the preliminary January reading from the 51.2 which was released in December.
United States – Existing home sales for December are called up by 9.2% to 5,200,000 units. This would represent a turnaround from the previous month’s plunge of 10.5% to 4,760,000 units.
United States – Economists anticipate December leading indicators to post a contraction of 0.2% following the 0.4% increase reported in November.

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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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