+1 (866)-882-6854
+ 44 203-807-1675
Chat
21:20:36 GMT
Black & White

BINARY OPTIONS INSIGHTS FOR FEBRUARY 2ND 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
X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
February 2nd, 2016 09:32am GMT, London UK

Market Recap & Outlook:

TD Securities Inflation out of Australia for the month of January rose by 0.4% month-over-month and by 2.3% year-over-year following December’s rise of 0.2% and 2.0% respectively. In addition, CoreLogic RP Data House Prices posted an increase of 0.9% month-over-month. This marked an improvement over the previous month’s reading of 0.0%. The Australian Dollar remained stable after the release of the economic reports.

The United States reported an expansion of 0.3% in personal income for December, but personal spending was reported at 0.0%. Economists anticipated an increase of 0.2% and 0.1% respectively following November’s rise of 0.3% and upward revised increase of 0.5% respectively. Real personal spending expanded by 0.1%, below expectations for a rise of 0.2% and well below the previous month’s upward revised reading of 0.4%.

The producer price index (PPI) out of the Eurozone is estimated to contract by 0.6% in December month-over-month and by 2.8% year-over-year. This would represent an increase in deflationary pressures over November’s drop of 0.2% month-over-month, but a slowdown over the 3.2% decrease which was reported year-over-year. Understanding binary options trading basics will help traders to spot profitable trading opportunities on a daily basis.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Put Option
• EUR/CHF – Binary Put Option
• GBP/USD – Binary Put Option
• Gold – Binary PutOption
• CAC 40 – Binary Put Option

Currency Pairs on today’s Radar Screen:
AUD/USD
– The AUD/USDis being pressured to the downside by its descending resistance level which emerged from its intra-day high of 0.7141 recorded on January 29th 2016. The ascending50 Day Moving Average (DMA) continues to trade above theascending 200 DMA. The Accelerator Oscillator (AC) shows the formation of a negative divergence prior to the breakdown below its horizontal resistance level.The Relative Strength Index (RSI) is trading in neutral conditions after descending from overbought territory.

AUD/USD Binary Options Insights for February 2nd 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level with a build-up in negative pressure. The AUD/USD is anticipated to collapse into its horizontal support level. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7070 on the H1 Hourly Chart. The downside potential for this binary put option is 150 pips to 0.6920 while the upside potential is 70 pips to 0.7140. This results in a risk/reward ratio of 2.14.

EUR/CHF – The EUR/CHF forced a momentum change from positive to negative with the breakdown below its horizontal resistance level. The 50 DMA started to flatten out with a positive bias above the200 DMA which is moving to the upside. The AC points towards the accumulation in negative momentum in this currency pair while the RSI is trading in neutral territory following the drift lower from extreme overbought conditions.

EUR/CHF  Binary Options Insights for February 2nd 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The EUR/CHF is expected to drift down into its 200 DMA from where further downside is anticipated. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.1090 on the H1 Hourly Chart. The downside potential for this binary put option is 175 pips to 1.0915 while the upside potential is 75 pips to 1.1165. This results in a risk/reward ratio of 2.33.

GBP/USD – The GBP/USD accelerated to the upside and is now challenging the strength of its horizontal resistance level. The ascending50 DMA maintains its position above the ascending 200 DMA. The AC suggests a price action reversal due to the loss in positive momentum.The RSI is trading in overbought conditions as a result of the drop down from extreme overbought territory; a plunge into oversold levels is expected.

GBP/USD Binary Options Insights for February 2nd 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading just below of its horizontal resistance level while downside pressure is on the rise. The GBP/USD is anticipated to enter a counter-trend move lower. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.4385 on the H1 Hourly Chart. The downside potential for this binary put option is 305 pips to 1.4080while the upside potential is 90 pips to 1.4475. This results in a risk/reward ratio of 3.39.

Today’s Commodity Trade
Gold
– Gold advanced from its intra-day low of 1,108.27 which was reached on January 29th 2016 into its horizontal resistance level. The 50 DMA is trading above the 200 DMA and both moving averages are drifting higher. The AC indicates the contraction in upside pressure in this precious metal as the RSI is trading in neutral territory after decelerating from extreme overbought conditions.Binary options broker recommendations point towards an overweight in put options.

Gold Today’s 02/02/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. Gold is expected to retrace its advance back down to its horizontal support level. Binary option traders are advised to seek binary put options in Gold on rallies above 1,125.00 on the H1 Hourly Chart. The downside potential for this binary put option is 3,200 pips to 1,093.00 while the upside potential is 1,330 pips to 1,138.30. This results in a risk/reward ratio of 2.41.

Today’s Equity Index Recommendation
CAC 40
– The CAC 40 is exposed to an increase in downside pressure after completing a breakdown below its horizontal resistance level.The ascending 50 DMA is widening the distance to thedescending200 DMA. The AC favors a corrective phase from current levels as a result of the loss in positive momentum and the RSI is trading in neutral territory following the contraction from overbought conditions.

CAC 40  Today’s 02/02/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level, but above of its 50 DMA. The CAC 40 is anticipated to plunge into its horizontal support level. Binary option traders are advised to seek binary put options in the CAC 40 equity index on rallies above 4,385.0on the H1 Hourly Chart. The downside potential for this binary put option is 32,000 pips to 4,065.0 while the upside potential is 8,000 pips to 4,465.0. This results in a risk/reward ratio of 4.00.

Key Fundamental Data:

South Korea – The consumer price index (CPI) for January came in flat at 0.0% month-over-month and rose by 0.8% year-over-year following December’s rise of 0.3% and 1.3% respectively.

Australia – The Reserve Bank of Australia (RBA) decided to keep its benchmark interest rate unchanged from its current level of 2.0%.

India –Consensus estimates for the Reserve Bank of India (RBI) favor no change in interest rates at 6.75%. In addition the cash reserve ratio is also set to remain on hold at 4.0%.

Thailand – Economists anticipate the current account surplus to clock in at $2,749.5 million for the month of December, down from the previous month’s surplus of $4,879.0 million.

Eurozone – The Spanish unemployment change is set to show an increase of 71,200 in January, reversing the plunge of 55,800 which was reported in December.

Switzerland – Expectations for December retail sales call for a decrease of 0.8% month-over-month and 3.1% year-over-year after rising by 0.8% and dropping by 2.1% in the previous month respectively.

Hong Kong – Retail sales for the month of December favor a plunge of 6.0% year-over-year following November’s increase of 2.8%.

Eurozone – Consensus estimates for the German unemployment change call for a contraction of 7,000 in January and an unemployment rate of 6.3%. This would mark a slowdown over the previous month’s drop of 13,000 in the unemployment change and match the 6.3% unemployment rate.

Eurozone – Economists anticipate the unemployment rate out of Italy to improve to 11.2% in December from November’s level of 11.3%.

United Kingdom – The January Construction PMI is favored to clock in at 57.5, down 0.3 points over the 57.8 which was printed in the previous month.

Eurozone – Expectations for the Belgian December unemployment rate call for no change from November’s level of 7.8%.

Eurozone – Consensus estimates for the unemployment rate for the month of December are set for a reading of 10.5%. This would match the 10.5% unemployment rate released in the preceding month.

Eurozone – Economists anticipate an improvement in the Irish unemployment rate for January to 8.7% from December’s level 8.8%. Consumer confidence is set to decrease by 0.4 points to 103.5 from 103.9.

United States – The ISM New York Index for the month of December is estimated to decrease to 61.0 from the 62.0 which was reported in the previous month.

United States –Expectations for the IBD/TIPP Economic Optimism Index for February favor an increase of 0.5 points to 47.8 from January’s reading of 47.3.

Share Button
Adam Stone
Follow me

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
Follow me

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store