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BINARY OPTIONS INSIGHTS FOR FEBRUARY 9TH 2016

GBP/USD 1.25030 20:50 23.01
ALIBABA 98.255 20:45 23.01
GBP/USD 1.25057 20:40 23.01
BitCoin/CNY 6351.435 20:30 23.01
WELLS FARGO 54.405 20:30 23.01
TOYOTA (US) 118.250 20:30 23.01
COLGATE-PALMOLIVE 67.585 20:30 23.01
FERRARI 61.165 20:30 23.01
TSX 60 916.940 20:30 23.01
ALIBABA 98.210 20:30 23.01
BOEING 157.820 20:30 23.01
AUD/USD 0.75746 20:30 23.01
AUD/JPY 85.603 20:30 23.01
GBP/USD 1.25058 20:30 23.01
GENERAL ELECTRIC 29.645 20:30 23.01
S&P 500 2264.620 20:30 23.01
JP MORGAN CHASE 83.745 20:30 23.01
SILVER 17.171 20:30 23.01
AIG 65.535 20:30 23.01
USD/CAD 1.32506 20:30 23.01
GOLD 1215.815 20:30 23.01
DOW 19792.84 20:30 23.01
AUD/CAD 1.00366 20:30 23.01
DOLLAR INDEX-MAR17 100.135 20:30 23.01
3M 178.245 20:30 23.01
GOLD VS SILVER 70.8022 20:30 23.01
CITIGROUP 55.895 20:30 23.01
CITIGROUP VS AIG 0.85303 20:30 23.01
McDONALD'S 121.320 20:30 23.01
LAS VEGAS SANDS 55.485 20:30 23.01
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By: Adam Stone
February 9th, 2016 08:32am GMT, London UK

Market Recap & Outlook:

Total sight deposits out of Switzerland decreased to CHF472.5 billion in the week ending February 5th 2016 while domestic sight deposits dipped to CHF406.2 billion. This followed the previous week’s data which showed total sight deposits at CHF472.7 billion and domestic sight deposits at CHF407.3 billion. The Swiss Franc remained stable following a steep move to the downside from where a price action reversal is expected during this trading week.

The Eurozone released its February Sentix Investor Confidence Index which decreased by 3.6 points to a level of 6.0 from January’s reading of 9.6. This came in below consensus estimates which called for a smaller contraction to 7.4. This is in-line with the decrease in the value of major equity indices and outflow of capital amid growth concerns for 2016. Binary options education is key in order to master the art of trading.

The total trade balance out of the United Kingdom for the month of December is favored to show a deficit of £3.000 billion, down from the previous month’s deficit of £3.170 billion. The visible trade deficit is called in at £10.400 billion while the non-EU trade deficit is anticipated at £2.500 billion. This would represent a decrease over November’s deficit of £10.642 billion and an increase over the £2.450 billion deficit respectively.

Today’s Binary Option Trading Recommendations Overview:
• GBP/USD – Binary Put Option
• EUR/USD – Binary Put Option
• USD/CHF – Binary Call Option
• Gold – Binary PutOption
• EuroStoxx 50 – Binary Call Option

Currency Pairs on today’s Radar Screen:
GBP/USD
– The GBP/USDis descending inside of its bearish price channel which is set to guide this currency pair into its horizontal support level. The descending 50 Day Moving Average (DMA) is closing in on the ascending200 DMA. The Accelerator Oscillator (AC) indicates the loss in positive pressure as the Relative Strength Index (RSI) is trading in neutral territory after ascending from extreme oversold conditions.

GBP/USD Binary Options Insights for February 9th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its bearish price channel. The GBP/USD is anticipated to decelerate into its horizontal support level. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.4420 on the H1 Hourly Chart. The downside potential for this binary put option is 270 pips to 1.4150 while the upside potential is 80 pips to 1.4500. This results in a risk/reward ratio of 3.38.

EUR/USD – The EUR/USDis exposed to an increase in downside momentumafter reversing the breakdown below its horizontal resistance level. The 50 DMA is trending sideways and maintains its position above the200 DMA which is ascending. The AC shows the decrease in upside pressure while the RSI is trading in overbought conditions as a result of the advance from oversold territory; a drop back down into oversold levels is anticipated.

EUR/USD Binary Options Insights for February 9th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level with a build-up in negative momentum. The EUR/USD is expected to enter a corrective phase. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.1210 on the H1 Hourly Chart. The downside potential for this binary put option is 400 pips to 1.0810 while the upside potential is 90 pips to 1.1300. This results in a risk/reward ratio of 4.44.

USD/CHF – The USD/CHF is validating the strength of its newly formed horizontal support level from where a breakdown is unlikely to materialize. The descending 50 DMA remains below thedescending 200 DMA. The AC points towards the formation of a positive divergence in this currency pair suggesting a counter-trend advance.The RSI is trading in oversold territory following the drift to the downside from neutral conditions.

USD/CHF  Binary Options Insights for February 9th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The USD/CHF is anticipated to complete a breakout above its 50 DMA and move further to the upside. Binary option traders are advised to seek binary call options in the USD/CHF currency pair on dips below 0.9850 on the H1 Hourly Chart. The upside potential for this binary call option is 405 pips to 1.0255 while the downside potential is 150 pips to 0.9700. This results in a risk/reward ratio of 2.70.

Today’s Commodity Trade
Gold
– Gold is depleting upside pressure inside of its horizontal resistance level from where a price action reversal is favored to emerge. The 50 DMA is advancing and increasing the distance to the 200 DMA which is moving higher at a slower pace. The AC suggests a directional change as downside pressure started to accumulate.The RSI is trading in overbought conditions after dropping down from extreme overbought territory.

Gold Today’s 09/02/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level with a rise in negative momentum. Gold is expected to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in Gold on rallies above 1,190.00 on the H1 Hourly Chart. The downside potential for this binary put option is 8,150 pips to 1,108.50 while the upside potential is 2,475 pips to 1,214.75. This results in a risk/reward ratio of 3.29.

Today’s Equity Index Recommendation
EuroStoxx 50
– The EuroStoxx 50 contracted from its horizontal resistance level into its horizontal support level.The 50 DMA is trading below the 200 DMA and both moving averages are descending. The AC favorsa move to the upside due to the increase in upside pressure and the RSI is trading in oversold conditionsas a result of the reversal from extreme oversold territory. Trading options for a living can be a very profitable engagement.

EuroStoxx 50 Today’s 09/02/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. TheEuroStoxx 50 is anticipated to move back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EuroStoxx 50 equity index on dips below 2,810.0 on the H1 Hourly Chart. The upside potential for this binary call option is 25,000 pips to 3,060.0 while the downside potential is 11,000 pips to 2,700.0. This results in a risk/reward ratio of 2.27.

Key Fundamental Data:
United Kingdom
– BRC Like-for-Like Sales surged by 2.6% in January year-over-year after rising by 0.1% in the previous year. Expectations called for a growth rate of 0.3%.

Australia – NAB Business Conditions for the month of January were reported at 5 as NAB Business Confidence clocked in at 2. This followed December’s downward revised reading of 6 and 2 respectively.

Eurozone – Economists anticipate manufacturing production out of the Netherlands to expand by 1.2% in December year-over-year, down from 2014’s growth rate of 2.3%.

Switzerland – Consensus estimates for the January unemployment rate call for an increase to 3.8% from the previous month’s level of 3.7%.

Eurozone – Expectations for December German industrial production favor a rise of 0.5% month-over-month and a drop of 0.6% year-over-year. This would represent a reversal over the decrease of 0.3% and increase of 0.1% which was printed in November.

Eurozone – The German current account surplus is set to expand to €26.7 billion in December from the previous month’s surplus of €24.7 billion. The trade surplus is called in at €20.0 billion, down slightly from November’s surplus of €20.5 billion. Exports are expected to increase by 0.5% month-over-month while imports are called down by 0.5% following the previous month’s expansion of 0.5% and 1.7% respectively.

Eurozone – Economists anticipate the French budget deficit to increase to €97.2 billion in December from the €82.8 billion which was reported in November.

Turkey – Consensus estimates for December retail sales favor a growth rate of 1.0% month-over-month and 3.8% year-over-year after the previous month’s expansion of 0.7% and 3.4%.

Eurozone – Expectations for Greek industrial production call for a contraction of 0.8% in December year-over-year. This would represent a reversal over the 1.8% increase reported in 2014.

Eurozone – The Portuguese trade deficit for December is called in at €775 million, up from the previous month’s deficit of €695 million. The fourth-quarter unemployment rate is called up to 12.1% from the third-quarter’s level of 11.9%.

United States – Economists anticipate the January NFIB Business Optimism Index to decrease to 94.5 from December’s level of 95.2.

United States – Consensus estimates for JOLTS job openings for December favor to decrease to 5.350 million after being reported at 5.431 million in the preceding month.

United States – Expectations for December wholesale inventories call for a decrease of 0.1% month-over-month while wholesale trade sales are called down by 0.4% following November’s drop of 0.3% and 1.0%.

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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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