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BINARY OPTIONS INSIGHTS FOR FEBRUARY 17TH 2016

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By: Adam Stone
February 17th, 2016 08:32am GMT, London UK

Market Recap & Outlook:

The January consumer price index (CPI) out of the United Kingdom plunged by 0.8% month-over-month, but rose by 0.3% year-over-year. This followed December’s increase of 0.1% and 0.2% respectively. Economists anticipated a contraction of 0.7% month-over-month and an expansion of 0.3% year-over-year. The core CPI, which excludes food and energy, slowed down to a growth rate of 1.2% year-over-year, below the previous year’s rise of 1.4% and below estimates for an increase of 1.3%.

The United States released its New York Empire Manufacturing Index for the month of February which clocked in at -16.64. This represented an improvement over January’s reading of -19.37, but expectations called for a level of -10.50. The National Association of Home Builders (NAHB) Housing Market Index was reported at 58 for February, down from the upward revised level of 61 which was printed in the preceding month. Estimates called for a reading of 60.

The February ZEW Economic Sentiment Index is favored to come in at 0.2 which would mark a reversal over the previous month’s level of -3.0. The Swiss Franc could be faced with a spike in volatility on the back of higher volume following the announcement of this economic report. A binary options system is recommended in order to yield profitable results on a consistent basis while eliminating emotional trading decisions.

Today’s Binary Option Trading Recommendations Overview:
• USD/JPY – Binary Call Option
• GBP/USD – Binary Call Option
• EUR/CHF – Binary Call Option
• Platinum – Binary Put Option
• NASDAQ 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
USD/JPY – The USD/JPY is advancing inside of its bullish price channel which is favored to guide this currency pair back into its horizontal resistance level. The 50 Day Moving Average (DMA) is advancing and closing in on the 200 DMA which is drifting lower. The Accelerator Oscillator (AC) shows the accumulation in upside pressure. The Relative Strength Index (RSI) is trading in neutral territory following the rise from oversold conditions.

USDJPY Binary Options Insights for February 17th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its bullish price channel. The USD/JPY is expected to extend the move higher into its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/JPY currency pair on dips below 114.000 on the H1 Hourly Chart. The upside potential for this binary call option is 350 pips to 117.500 while the downside potential is 140 pips to 112.600. This results in a risk/reward ratio of 2.50.

GBP/USD – The GBP/USD plunged into its horizontal support level from where a further breakdown is unlikely to materialize. The descending 50 DMA is increasing the distance to the descending 200 DMA. The AC indicates the recovery from its lows while the RSI is trading in oversold conditions after reversing from a brief dip into extreme oversold territory; a move back into overbought levels is expected to follow.

GBPUSD Binary Options Insights for February 17th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level with a build-up in positive momentum. The GBP/USD is anticipated to enter a counter-trend move to the upside. Binary option traders are advised to seek binary call options in the GBP/USD currency pair on dips below 1.4320 on the H1 Hourly Chart. The upside potential for this binary call option is 270 pips to 1.4590 while the downside potential is 75 pips to 1.4245. This results in a risk/reward ratio of 3.60.

EUR/CHF – The EUR/CHF is faced with an increase in positive pressure provided by its ascending support level which emerged from its intra-day low of 1.0949 reached on February 11th 2016. The 50 DMA is ascending and narrowing the gap to the 200 DMA which is moving to the downside. The AC favors more upside due to the increase in positive momentum. The RSI is trading in neutral territory as a result of the drop down from overbought conditions.

EURCHF Binary Options Insights for February 17th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level. The EUR/CHF is expected to accelerate to the upside from current levels. Binary option traders are advised to seek binary call options in the EUR/CHF currency pair on dips below 1.1025 on the H1 Hourly Chart. The upside potential for this binary call option is 85 pips to 1.1110 while the downside potential is 25 pips to 1.1000. This results in a risk/reward ratio of 4.25.

Today’s Commodity Trade
Platinum – Platinum is trending in the middle of the trading range between its horizontal support level and its horizontal resistance level. The descending 50 DMA maintains its position above the ascending 200 DMA. The AC points towards the contraction in upside pressure as the RSI is trading in neutral conditions following the recovery from extreme oversold territory; a plunge back into oversold levels is favored to follow.

Platinum Today’s 17/02/2017 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its 50 DMA, but above of its 200 DMA. Platinum is anticipated to complete a breakdown below its 200 DMA and descend further. Binary option traders are advised to seek binary put options in Platinum on rallies above 930.0 on the H1 Hourly Chart. The downside potential for this binary put option is 3,650 pips to 893.5 while the upside potential is 1,600 pips to 946.0. This results in a risk/reward ratio of 2.28.

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 started to reverse direction from its most recent intra-day high of 4,110.50 which was recorded today on February 17th 2016. The 50 DMA is advancing and crossed above the 200 DMA which is moving lower. The AC suggests more downside due to the accumulation in negative pressure and the RSI is trading in neutral territory after collapsing from extreme overbought conditions. Trading stock options can be substituted with trading equity options which will minimize risk.

NASDAQ 100 Today’s Equity 17/02/2016 Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level, but above its 50 DMA. The NASDAQ 100 is expected to enter a corrective phase. Binary option traders are advised to seek binary put options in the NASDAQ 100 equity index on rallies above 4,080.00 on the H1 Hourly Chart. The downside potential for this binary put option is 21,000 pips to 3,870.00 while the upside potential is 6,000 pips to 4,140.00. This results in a risk/reward ratio of 3.50.

Key Fundamental Data:

Australia – The Westpac Leading Index clocked in at by 0.0% in January month-over-month, following the previous month’s decrease of 0.3%. Expectations called for a rise of 0.1%.

Japan – December machine orders rose by 4.2% month-over-month and dropped by 3.6% year-over-year after the plunge of 14.4% and rise of 1.2% which was reported in November. Consensus estimates called for an increase of 4.7% and a contraction of 3.1%.

Singapore – The trade surplus for January rose to $6.07 billion, up from the previous month’s trade surplus of $5.15 billion. Non-oil exports posted an increase of 0.7% month-over-month and a plunge of 9.9% year-over-year following the previous month’s upward revised drop of 2.6% and 7.2% respectively.

South Africa – Consensus estimates for the January consumer price index (CPI) call for a growth rate of 0.5% month-over-month and 6.0% year-over-year following the rise of 0.3% and 5.2% which was reported in the previous month. The core CPI is called in at 5.3% year-over-year, up from the previous year’s 5.2%.

Taiwan – The final revision to the fourth-quarter gross domestic product (GDP) is favored to confirm the previously reported contraction of 0.28%.

United Kingdom – Economists anticipate initial jobless claims for January to decrease by 3,000 after December’s drop of 4,300. The claimant count rate is estimated to remain unchanged at 2.3%.

United Kingdom – Expectations for the three-month-over-three month employment change ending in December call for the addition of 225,000 jobs, down from the previous month’s level of 267,000. The ILO unemployment rate is anticipated to decrease to 5.0% from 5.1%. Average weekly earnings are set to expand by 1.9% year-over-year and excluding bonuses by 1.8% following the previous period’s expansion of 2.0% and 1.9% respectively.

Eurozone – Consensus estimates for December construction output call for an increase of 1.6% year-over-year, down 0.5% from the 2.1% rise which was reported in the previous year and in-line with the overall slowdown in the economy.

United States – Mortgage Bankers Association (MBA) mortgage applications for the week ending February 12th 2016 are favored to decrease by 1.9%, partially reversing the previous week’s rise of 9.3%.

United States – January housing starts are estimated to rise by 2.3% month-over-month to 1,175,000 starts as building permits are anticipated to decrease by 0.3% month-over-month to 1,200,000 permits. This would follow December’s contraction of 2.5% in housing starts to 1,149,000 starts and the 6.1% plunge in building permits to 1,204,000 permits.

United States – Economists anticipate industrial production for the month of January to increase by 0.4% while manufacturing production is called up by 0.3%. This would represent an improvement over the previous month’s contraction of 0.4% and 0.1% respectively. Capacity utilization is set to clock in at 76.7%, up from December’s level of 76.5%.

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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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