+1 (866)-882-6854
+ 44 203-807-1675
Chat
21:21:02 GMT
Black & White

BINARY OPTIONS INSIGHTS FOR FEBRUARY 8TH 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 8th, 2016 09:32am GMT, London UK

Market Recap & Outlook:

The preliminary December Coincident Index out of Japan was reported at 111.2 and the Leading Index clocked in at 102.0. This marked a slowdown over the previous month’s level of 111.9 and 103.5 respectively. Consensus estimates called for a slowdown to 111.0 for the Coincident Index and to 102.7 for the Leading Index. The Japanese Yen was able to advance during the trading session despite the mixed economic report.

The Canadian employment report showed the unexpected loss of 5,700 jobs for the month of January as the unemployment rate rose to 7.2%. Expectations called for the addition of 6,000 jobs and an unchanged unemployment rate of 7.1%. The previous month was revised higher in order to reflect the addition of 24,100 jobs. 5,600 full-time positions were added and 11,300 part-time jobs were lost. The labor force participation rate remained unchanged at 65.9%.

Following a mixed non-farm payroll (NFP) report out of the United States for January, today’s Federal Labor Market Conditions Index for January is called up by 0.3 points to 2.9 from the previous month’s level of 2.6. This marks the sole economic report out of the US and could inject volatility into the US Dollar. How to trade online can be learned through many free courses and this knowledge should form the foundation for a successful trading strategy.

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

Currency Pairs on today’s Radar Screen:
GBP/JPY
– The GBP/JPYhas descended from its horizontal resistance level into its horizontal support level from where a price action reversal is expected. The 50 Day Moving Average (DMA) is moving to the downside and crossed below the200 DMA which is drifting sideways. The Accelerator Oscillator (AC) shows the formation of a positive divergence. The Relative Strength Index (RSI) is trading in neutral conditions as a result of the breakout from extreme oversold territory.

GBP/JPY Binary Options Insights for February 8th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level with an increase in upside momentum. The GBP/JPY is anticipated to complete a breakout above its 200 DMA and ascend further. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 170.200 on the H1 Hourly Chart. The upside potential for this binary call option is 480 pips to 175.000 while the downside potential is 165 pips to 168.550. This results in a risk/reward ratio of 2.91.

EUR/CHF – The EUR/CHFended its corrective phase after reaching its horizontal support level from where further downside momentum is fading. The descending50 DMA is closing in on theascending200 DMA. The AC points towards the formation of a positive divergence in this currency pair as the RSI is trading in neutral territory after briefly dipping into extreme oversold conditions; a move into overbought levels is favored.

EUR/CHF Binary Options Insights for February 8th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level. The EUR/CHF is expected to accelerate to the upside. Binary option traders are advised to seek binary call options in the EUR/CHF currency pair on dips below 1.1075 on the H1 Hourly Chart. The upside potential for this binary call option is 125 pips to 1.1200 while the downside potential is 55 pips to 1.1020. This results in a risk/reward ratio of 2.27.

USD/CAD – The USD/CADbounced to the upside from its intra-day low of 1.3639 which was recorded on February 4th 2016. The 50 DMA is advancing, but continues to trade below the200 DMA which is moving to the downside. The AC favors a price action reversal as positive momentum is contracting in this currency pair.The RSI is trading in overbought conditions following the move down from extreme overbought territory.

USD/CAD Binary Options Insights for February 8th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level as well as below of its 200 DMA. The USD/CAD is anticipated to reverse back down into its horizontal support level. Binary option traders are advised to seek binary put options in the USD/CAD currency pair on rallies above 1.3885 on the H1 Hourly Chart. The downside potential for this binary put option is 245 pips to 1.3640 while the upside potential is 115 pips to 1.4000. This results in a risk/reward ratio of 2.13.

Today’s Commodity Trade
Crude Oil
– Crude Oil is being pressured to the upside by its ascending support level which originated from its intra-day low of 29.38 reached on February 3rd 2016. The descending 50 DMA maintains its position above the ascending 200 DMA. The AC indicates more upside potential due to the formation of a positive divergence and the RSI is trading in neutral territory as a result of the reversal from oversold conditions.

Crude Oil Today’s 08/02/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its ascending support level. Crude Oil is expected to move to the upside until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in Crude Oil on dips below 31.25 on the H1 Hourly Chart. The upside potential for this binary call option is 355 pips to 34.80 while the downside potential is 125 pips to 30.00. This results in a risk/reward ratio of 2.84.

Today’s Equity Index Recommendation
S&P 500
– The S&P 500is depleting downside pressure inside of its horizontal support level.The 50 DMA is drifting lower and crossed below the200 DMA which is trending sideways. The AC suggestsan advance as a result of the increase in upside pressurewhile the RSI is trading in oversold territoryafter moving higher from extreme oversold conditions.Trade stocks for free via binary stock options which can be hedged though index option contracts in order to minimize risk.

SP 500 Today’s 08/02/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading just above of its horizontal support level with a rise in positive momentum. TheS&P 500 is anticipated to enter a counter-trend advance. Binary option traders are advised to seek binary call options in the S&P 500 equity index on dips below 1,885.00 on the H1 Hourly Chart. The upside potential for this binary call option is 6,000 pips to 1,945.00 while the downside potential is 2,500 pips to 1,860.00. This results in a risk/reward ratio of 2.40.

Key Fundamental Data:

Japan – The December current account surplus was reported at ¥960.7 billion which represented a slowdown over November’s surplus of ¥1,143.5 billion. Expectations called for a surplus of ¥987.0 billion. The trade surplus clocked in at ¥188.7 billion following the previous month’s deficit of ¥271.5 billion.

Japan – Bank lending for January including trust rose by 2.3% year-over-year and excluding trusts by 2.4% following the previous year’s rise of 2.2% and 2.2%.
Japan –Labor cash earnings rose by 0.1% in December year-over-year while real cash earnings posted acontraction of 0.1%. This followed December 2014’s level of 0.0% and contraction of 0.4% respectively.

Japan – Consensus estimates for the January Eco Watchers Survey Current Index call for a reading of 48.8 and for the Eco Watchers Survey Outlook for a level of 48.4 after being reported at 48.7 and 48.2 in December.

Eurozone – The trade deficit out of Finland for the month of December is set to improve to €28 million from the €240 million deficit printed in November.

Eurozone – Economists anticipate the Austrian trade deficit to come in at €34.7 million for November after the previous month’s deficit of €44.1 million.

Eurozone – Consensus estimates for December industrial production out of Spain call for an increase of 4.1% year-over-year. This would represent a minor decrease over the 4.2% rise reported in December of 2014.

Turkey – Expectations for industrial production favor a growth rate of 5.5% year-over-year following the previous year’s increase of 3.5%.

Eurozone – Austrian consumer confidence for the month of January is called in at -29.2 while business confidence is set to clock in at -2.6. This would represent a worsening over December’s level of -29.0 and -2.4 respectively.

Eurozone – The Sentix Investor Confidence Index is favored to decrease to 7.4 in February from January’s level of 9.6.

South Africa – Economists anticipate December manufacturing production to rise by 1.3% month-over-month and to contract by 0.8% year-over-year after decreasing by 1.2% and 1.0% in the preceding month.

Eurozone –Expectations for consumer confidence out of Ireland favor a slowdown to 103.5 in January from the 103.9 which was printed in December.

Canada – Consensus estimates for January housing starts call for an improvementto184,700 from December’s level of 173,000. Building permits are called up by 2.7%, partially reversing the 19.6% plunge which was reported in the previous month.

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