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BINARY OPTIONS INSIGHTS FOR JANUARY 29TH 2016

BitCoin/CNY 6263.480 23:00 17.01
NZD/JPY 81.341 23:00 17.01
AUD/USD 0.75578 23:00 17.01
AUD/JPY 85.251 23:00 17.01
EUR/JPY 120.804 23:00 17.01
USD/JPY 112.794 23:00 17.01
EUR/USD 1.07108 23:00 17.01
AUD/NZD 1.04809 23:00 17.01
NZD/USD 0.72115 23:00 17.01
CAD/JPY 86.467 23:00 17.01
GBP/JPY 139.897 23:00 17.01
BitCoin/CNY 6264.060 22:30 17.01
NZD/JPY 81.294 22:30 17.01
AUD/USD 0.75594 22:30 17.01
AUD/JPY 85.194 22:30 17.01
EUR/JPY 120.721 22:30 17.01
EUR/USD 1.07112 22:30 17.01
USD/JPY 112.707 22:30 17.01
BitCoin/CNY 6191.350 22:00 17.01
AUD/NZD 1.04843 22:00 17.01
NZD/USD 0.72165 22:00 17.01
CAD/JPY 86.347 22:00 17.01
NZD/JPY 81.262 22:00 17.01
AUD/USD 0.75675 22:00 17.01
AUD/JPY 85.208 22:00 17.01
GBP/JPY 139.822 22:00 17.01
EUR/JPY 120.657 22:00 17.01
USD/JPY 112.621 22:00 17.01
EUR/USD 1.07137 22:00 17.01
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By: Adam Stone
January 29th, 2016 07:57am GMT, London UK

Market Recap & Outlook:

The Eurozone business climate indicator plunged to a reading of 0.29 in January, missing expectations for a dip to 0.40 from December’s level of 0.41. Economic confidence was reported at 105.0, down 1.7 points over the previous month’s upward revised reading of 106.7, but below estimates for a decrease to 106.4. Services confidence clocked in at 11.6 and industrial confidence at -3.2. Economists anticipated a smaller drop to 12.9 and -2.5 respectively following December’s level of 13.1 and -2.0. The final revision to consumer confidence remained unchanged at -6.3 and in-line with expectations.
Preliminary December durable goods orders out of the United States plunged by 5.1% and excluding transportation by 1.2%. Consensus estimates called for a smaller contraction of 0.5% and 0.1% respectively. Adding to the dismal report was the downward revision to the previous month which now shows a drop of 0.5% and 0.5%. Capital goods orders non-defense excluding aircraft plummeted by 4.3% and capital goods shipments non-defense excluding aircraft dropped by 1.2% following November’s downward revised contraction of 1.1% and 1.1% respectively. Estimates called for a decrease of 0.2% and an increase of 0.5%. An option strategy is required in order to profit from price action.
The French advanced fourth-quarter gross domestic product (GDP) is anticipated to increase by 0.2% quarter-over-quarter and 1.2% year-over-year following the initially reported rise of 0.3% and 1.1%. The Spanish GDP is expected to show a growth rate of 0.8% quarter-over-quarter and 3.5% year-over-year after the previously reported increase of 0.8% and 3.4%. The Belgian GDP is called in at a rise of 0.2% quarter-over-quarter and 1.1% year-over-year. This would match the initially reported expansion of 0.2% quarter-over-quarter, but mark a downward revision to the 1.3% increase year-over-year.
Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Put Option
• EUR/JPY – Binary Put Option
• USD/CAD – Binary Call Option
• Platinum – Binary Put Option
• CAC 40 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD is being pressured to the downside by its descending resistance level which originated from its intra-day high of 0.6558 recorded on January 21st 2016. The 50 Day Moving Average (DMA) is drifting lower and is closing in on the 200 DMA which is trending to the upside. The Accelerator Oscillator (AC) indicates the decrease in positive momentum. The Relative Strength Index (RSI) is trading in neutral conditions after moving higher from oversold territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descenidng resistance level as negative pressure is on the rise. The NZD/USD is anticipated to drop into its horizontal support level. Binary option traders are advised to seek binary put options in the NZD/USD currency pair on rallies above 0.6465 on the H1 Hourly Chart. The downside potential for this binary put option is 120 pips to 0.6345 while the upside potential is 50 pips to 0.6515. This results in a risk/reward ratio of 2.40.

NZDUSD

EUR/JPY – The EUR/JPY spiked from its 50 DMA into its horizontal resistance level from where upside pressure quickly faded. The ascending 50 DMA is widening the gap to the ascending 200 DMA. The AC points towards the emergence of a negative divergence while the RSI is trading in overbought territory following the move lower from extreme overbought conditions; a breakdown is anticipated to lead to a directional change.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The EUR/JPY is expected to enter a corrective phase. Binary option traders are advised to seek binary put options in the EUR/JPY currency pair on rallies above 130.750 on the H1 Hourly Chart. The downside potential for this binary put option is 460 pips to 126.150 while the upside potential is 155 pips to 132.300. This results in a risk/reward ratio of 2.97.

EURJPY

USD/CAD – The USD/CAD is depleting downside pressure with a sideways trend inside of its horizontal support level. The 50 DMA is descending and remains below the 200 DMA which is moving to the downside as well. The AC shows the build-up in positive pressure in this currency pair favoring further upside and the RSI is trading in neutral conditions as a result of the advance from extreme oversold territory.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level with an increase in upside momentum. The USD/CAD is anticipated to drift into its 200 DMA from where a breakout is favored. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.4050 on the H1 Hourly Chart. The upside potential for this binary call option is 640 pips to 1.4690 while the downside potential is 165 pips to 1.3885. This results in a risk/reward ratio of 3.88.

USDCAD

Today’s Commodity Trade
Platinum – Platinum completed a breakdown below its horizontal resistance level which led to the rise in downside pressure. The descenidng 50 DMA is decreasing the distance to the ascending 200 DMA. The AC suggests more downside potential as a negative divergence formed prior to the breakdown. The RSI is trading in neutral territory after reversing from oversold conditions. Learning how to day trade can increase trading revenues and should be taken into consideration.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. Platinum is expected to accelerate to the downside from current levels. Binary option traders are advised to seek binary put options in Platinum on rallies above 864.0 on the H1 Hourly Chart. The downside potential for this binary put option is 5,400 pips to 810.0 while the upside potential is 1,950 pips to 883.5. This results in a risk/reward ratio of 2.77.

Platinum

Today’s Equity Index Recommendation
CAC 40 – The CAC 40 reversed direction from its intra-day high of 4,405.0 which was reached yesterday on January 28th 2016. The 50 DMA is trending sideways above the 200 DMA which is moving to the downside. The AC favors more downside as negative momentum is accumulating as the RSI is trading in neutral conditions following the contraction from overbought territory; a drop into extreme oversold levels is expected.

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 CAC 40 is anticipated to reverse into its horizontal support level. Binary option traders are advised to seek binary put options in the CAC 40 equity index on rallies above 4,325.0 on the H1 Hourly Chart. The downside potential for this binary put option is 26,000 pips to 4,065.0 while the upside potential is 8,000 pips to 4,405.0. This results in a risk/reward ratio of 3.25.

CAC 40

Key Fundamental Data:
Japan – The jobless rate for the month of December clocked in at 3.3%, matching November’s level as well as expectations. The jobs-to-applicant ratio rose to 1.27 following the previous month’s reading of 1.25.
Japan – December household spending plunged by 4.4% year-over-year after the previous year’s contraction of 2.9%. Estimates called for a drop of 2.5%.
Japan – The national consumer price index (NCIP) for December posted an increase of 0.2% year-over-year. Excluding food and energy, the core NCIP rose by 0.8%. This followed the previous year’s rise of 0.3% and 0.9% respectively.
Japan – Industrial production dropped by 1.4% in December month-over-month and by 1.6% year-over-year. Consensus estimates called for a decrease of 0.3% and 0.6% after expanding by 0.9% and contracting by 1.7% in November.
United Kingdom – January GfK Consumer Confidence clocked in at 4, doubling the previous month’s level of 2 and above the expected decrease to 1.
Japan – The Bank of Japan announced no change in its current interest rate of 0.0%. The 2.0% inflation target is under pressure as the decrease in the price of oil is fueling deflationary pressures once again.
Japan – Consensus estimates for December housing starts favor a rise of 0.5% year-over-year to 888,000 units as construction orders are called down by 2.1%. This would represent a decrease in the rate if expansion over the previous year’s increase in housing starts of 1.7% to 886,000 units and a reversal over the 5.7% rise in construction orders.
Eurozone – Expectations for German December retail sales call for an increase of 0.4% month-over-month and 1.9% year-over-year following the previous month’s growth rate of 0.4% and 2.3% respectively.
Eurozone – Economists anticipate the French consumer price index (CPI) for December to drop by 0.7% month-over-month and to expand by 0.1% year-over-over-year after November’s rise of 0.2% and 0.2%.
Eurozone – The January advanced CPI is expected to increase by 0.4% year-over-year and the core CPI is called in at 0.9%. This would double December’s rise of 0.4% and match the 0.9% increase respectively.
Canada – Consensus estimates for the November GDP favor a growth rate of 0.3% month-over-month and 0.2% year-over-year after the reading of 0.0% and contraction of 0.2% reported in the previous month.
United States – Expectations for the advanced fourth-quarter GDP are set to show an increase of 0.8% year-over-year and personal consumption is anticipated to rise by 1.8%. This would represent a slowdown over the initially released growth rate of 2.0% and 3.0% respectively. The GDP product price index is set to be revised down by 0.5% from 1.3% to 0.8%.
United States – The Chicago Purchasing Managers Index (PMI) for the month of January is anticipated to increase by 3.0 points to 45.9 from the 42.9 which was printed in December.

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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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