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BINARY OPTIONS INSIGHTS FOR JANUARY 28TH 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 28th, 2016 09:32am GMT, London UK

Market Recap & Outlook:

December industrial profits out of China plunged by 4.7% year-over-year after decreasing by 1.4% in the previous year. This points to the ongoing worries out of the Chinese economy which could spill over to its major trading partners and regional suppliers.Limiting the negative impact was the release of the Westpac-MNI Consumer Sentiment Index for the month of January which rose to 114.9, up 1.2 points over December’s reading of 113.7. Binary options brokers point towards more volatility out of the Chinese economy.

Nationwide house prices out of the United Kingdom rose by 0.3% month-over-month in January and by 4.4% year-over-year. This missed expectations for a bigger rise of 0.6% and 4.7% respectively and followed December’s increase of 0.8% month-over-month and 4.5% year-over-year. British Bankers Association (BBA) mortgage application clocked in at 43,975 in December after November’s upward revised level of 44,533, but below estimates for an increase to 45,500.

The United States will reports its preliminary report for December durable goods orders which is expected to show a contraction of 0.5%. Excluding transportation, durable goods orders are called down by 0.1%. This would follow November’s reading of 0.0% for both figures respectively. Capital goods orders non-defense excluding aircraft are anticipated to post a contraction of 0.2% as capital goods shipments non-defense excluding aircraft are set to rise by 0.5% after contracting by 0.3% and 0.6% in the previous month.

Today’s Binary Option Trading Recommendations Overview:
• GBP/USD – Binary Put Option
• EUR/CHF – Binary Put Option
• USD/CAD – Binary Call Option
• Crude Oil – Binary PutOption
• S&P500 – Binary Put Option

Currency Pairs on today’s Radar Screen:
GBP/USD
– The GBP/USDis exposed to an increase in negative pressure following the breakdown below its horizontal resistance level. The 50 Day Moving Average (DMA) is drifting sideways, but continues to trade above the200 DMA which is descending. The Accelerator Oscillator (AC) points towards a loss in upside momentum.The Relative Strength Index (RSI) is trading in oversold conditions after descending from extreme overbought territory.

GBP/USD Binary Options Insights for January 28th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level, but above of its 200 DMA. The GBP/USD is expected to accelerate to the downside. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.4230 on the H1 Hourly Chart. The downside potential for this binary put option is 150 pips to 1.4080 while the upside potential is 55 pips to 1.4285. This results in a risk/reward ratio of 2.73.

EUR/CHF – The EUR/CHFis depleting upside pressure from inside of its horizontal resistance level where a price action reversal is expected. The ascending 50 DMA is increasing the distance to the ascending 200 DMA. The AC shows the formation of a negative divergence and the RSI is trading in overbought territory as a result of the move lower from extreme overbought conditions which added to the build-up in negative momentum.

EUR/CHF Binary Options Insights for January 28th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. 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 1.1050 on the H1 Hourly Chart. The downside potential for this binary put option is 140 pips to 1.0910 while the upside potential is 50 pips to 1.1100. This results in a risk/reward ratio of 2.80.

USD/CAD – The USD/CADhas entered a sideways trend after ending its move to the downside by reaching its horizontal support level. The 50 DMA is trading below the200 DMAas both moving averages are drifting lower in unison. The AC indicatesthe rise in upside pressure in this currency pair.The RSI is trading in neutral conditions following the reversal from extreme oversold territory; an extension into overbought levels is anticipated.

USD/CAD Binary Options Insights for January 28th 2016
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading just aboveof its horizontal support level as upside pressure is accumulating. The USD/CAD is expected to complete a breakout above its 50 DMA from where further upside is favored. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.4125 on the H1 Hourly Chart. The upside potential for this binary call option is 565 pips to 1.4690 while the downside potential is 240 pips to 1.3885. This results in a risk/reward ratio of 2.35.

Today’s Commodity Trade
Crude Oil
– Crude Oil has reversed the breakdown below its horizontal resistance level and is now testing the strength of it once again. The ascending 50 DMA remains above the sideways trending 200 DMA which carries a positive bias. The AC favors a price action reversal due to the formation of a negative difference the RSI is trading in neutral territory after dropping down from extreme overbought conditions.

Crude Oil Today’s 28/01/2016 Commodity Trade
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. Crude Oil is anticipated to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 31.75 on the H1 Hourly Chart. The downside potential for this binary put option is 420 pips to 27.55 while the upside potential is 105 pips to 32.80. This results in a risk/reward ratio of 4.00.

Today’s Equity Index Recommendation
S&P 500
– The S&P 500was able to complete a breakdown below its horizontal resistance level.The 50 DMA is ascending and increasing the distance to the 200 DMA which is drifting sideways. The AC suggestsa contraction in price action with the formation of a negative divergenceprior to the breakdown whilethe RSI is trading in neutral conditions as a result of the advance from oversold territory. Open positions in stock online transactions can be hedged with trades in this equity index.

SP 500 Today’s 28/01/2016  Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level and negative pressure is on the rise. The S&P 500 is expected to decelerate intoits horizontal support level. Binary option traders are advised to seek binary put options in the S&P 500 equity index on rallies above 1,880.00on the H1 Hourly Chart. The downside potential for this binary put option is 7,000 pips to 1,810.00 while the upside potential is 3,500 pips to 1,915.00. This results in a risk/reward ratio of 2.00.

Key Fundamental Data:

Eurozone – Consensus estimates for December German import prices favor a drop of 1.1% month-over-month and of 3.1% year-over-year. This would represent an increase in the rate of contraction over November’s decrease of 0.2% month-over-month, but a drop over the 3.5% contraction year-over-year.

Eurozone – Expectations for Spanish December retail sales call for an increase of 0.7% month-over-month and 2.8% year-over-year after posting a contraction of 0.5% and an expansion of 3.3% in November.

Eurozone – Economists anticipate the Bank of Austria Manufacturing PMI for the month of January to decrease to 50.5 from the 50.6 which was printed in the preceding report.

Eurozone – Italian wage inflation for December is expected to show no change from the previous month’s increase of 0.2% month-over-month and 1.3% year-over-year.
Eurozone – Consensus estimates for Portuguese business confidence favor or level of 0.6 in January as consumer confidence is set to clock in at -14.7 following December’s reading of 0.7 and -14.1.

United Kingdom – The advanced fourth-quarter gross domestic product (GDP) is set to show a growth rate of 0.5% quarter-over-quarter and 1.9% year-over-year. This would mark an increase over the previous report’s rise of 0.4% quarter-over-quarter, but a slowdown over the 2.1% expansion year-over-year.

United Kingdom –Economists anticipate the November index of services to increase by 0.2% month-over-month and by 0.6% for the three-month-over-three-month period ending in November. This would follow October’s expansion of 0.1% and 0.5% respectively.

Eurozone – Expectations for the January business climate indicatorfavor a decrease to 0.40 from December’s level of 0.41. Economic confidence is expected to drop to 106.4 from the previous month’s reading of 106.8 and services confidence is called in at 12.9, down 0.2 points from December’s 13.1. Industrial confidence is anticipated to come in at -2.5 following the -2.0 which was printed in December while the final revision to consumer confidence is set to match the previously reported level of -6.3.

Eurozone – December Retail sales out of Ireland are called up by 1.1% month-over-month and by 9.1% year-over-year following the growth rate of 2.2% and 9.3% which was reported in November.

Eurozone – The preliminary German consumer price index (CPI) for the month of January is called in at a contraction of 0.8% month-over-month and a rise of 0.4% year-over-year after being reported as a drop of 0.1% and increase of 0.3% in December respectively.

United States – Consensus estimates for initial jobless claims favor a decrease of 12,000 to 283,000 for the week ending January 23rd 2016. Continuing claims for the week ending January 16th 2016 are expected to increase by 16,000 to 2,224,000.

United States – Pending home sales are anticipated to expand by 0.9% in December month-over-month and by 4.8% year-over-year. This would mark a reversal over the previous month’s drop of 0.9% month-over-month, but a slowdown over the 5.1% rise year-over-year.

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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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