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BINARY OPTIONS INSIGHTS FOR FEBRUARY 22ND 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
February 22nd, 2016 08:32am GMT, London UK

Market Recap & Outlook:

The United Kingdom reported a rise in January retail sales of 2.3% month-over-month and 5.2% year-over-year, well above consensus estimates for an increase of 0.7% and 3.4% respectively. The previous month was revised lower in order to reflect a contraction of 1.3% and an expansion of only 1.8%. Including auto and fuel sales, retail sales showed a growth rate of 2.3% month-over-month and 5.2% year-over- year as well, following December’s downward revised drop of 1.4% and 2.3%. Expectations favored a smaller rise of 0.8% month-over-month and 3.6% year-over-year.

The consumer price index (CPI) for the month of January out of the United States came in at 0.0% month-over-month and posted an increase of 1.4% year-over-year after the previous month’s decrease of 0.1% and gain of 0.7% respectively and against estimates for a drop of 0.1% and an increase of 1.3%. The core CPI, which excludes food and energy, rose by 0.3% month-over-month and 2.2% year-over-year. Economists anticipated a growth rate of 0.2% and 2.1%. December was revised up to an increase of 0.2% month-over-month while the year-over-year figure remained unchanged at a rise of 2.1%.

The preliminary Eurozone Composite PMI for February is called in at 53.3, down 0.3 points from the initially released figure of 53.6. The Eurozone Manufacturing PMI is expected to clock in at 52.0 while the Eurozone Services PMI is anticipated at 53.4. This would mark a slowdown over the previously reported levels of 52.3 and 53.6 respectively. What is a binary option? A binary option is an asset which has an expiry time as well as an expiry date and traders has to select the direction of the price expiry from the date of entry.

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

Currency Pairs on today’s Radar Screen:
EUR/JPY – The EUR/JPY descended from its horizontal resistance level into its horizontal support level from where a counter-trend advance is anticipated. The 50 Day Moving Average (DMA) is moving to the downside and remains below the 200 DMA which is descending as well. The Accelerator Oscillator (AC) points towards the formation of a positive divergence as the Relative Strength Index (RSI) is trading in neutral conditions after recovering from extreme oversold territory.

EURJPY Binary Options Insights for February 22nd 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level with an increase in positive momentum. The EUR/JPY is expected to drift into its 200 DMA from where a breakout is favored. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 125.700 on the H1 Hourly Chart. The upside potential for this binary call option is 390 pips to 129.600 while the downside potential is 170 pips to 124.000. This results in a risk/reward ratio of 2.29.

USD/CHF – The USD/CHF reversed direction after reaching its most recent intra-day high of 0.9967 on February 19th 2016. The 50 DMA is moving lower and closing in on the 200 DMA which is drifting to the upside. The AC indicates the build-up in downside pressure. The RSI is trading in neutral territory as a result of the move higher from oversold conditions; a drop into extreme oversold levels is expected to follow.

USDCHF Binary Options Insights for February 22nd 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level. The USD/CHF is anticipated to accelerate to the downside. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 0.9900 on the H1 Hourly Chart. The downside potential for this binary put option is 240 pips to 0.9660 while the upside potential is 65 pips to 1.9965. This results in a risk/reward ratio of 3.69.

EUR/GBP – The EUR/GBP is trapped inside of a narrowing triangle formation above of its horizontal support level. The descending 50 DMA crossed below the sideways trending 200 DMA which carries a negative bias. The AC shows the gradual rise in positive momentum while the RSI is trading in neutral conditions following the reversal from overbought territory; a move back into overbought levels is anticipated.

EURGBP Binary Options Insights for February 22nd 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of it triangle formation while upside pressure is accumulating. The EUR/GBP is expected to complete a breakout and advance into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7790 on the H1 Hourly Chart. The upside potential for this binary call option is 110 pips to 0.7900 while the downside potential is 35 pips to 0.7755. This results in a risk/reward ratio of 3.14.

Today’s Commodity Trade
Crude Oil – Crude Oil is validating the strength of its horizontal resistance level from where a price action reversal is favored to emerge. The 50 DMA is ascending and widening the gap to the 200 DMA which is drifting higher at a slower pace. The AC suggests that upside momentum has peaked and is set to reverse to the downside. The RSI is trading in extreme overbought territory after advancing from extreme oversold conditions.

Crude Oil Today’s 02/22/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level. Crude Oil is anticipated to drop down until it can challenge its horizontal support level. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 32.25 on the H1 Hourly Chart. The downside potential for this binary put option is 625 pips to 26.00 while the upside potential is 255 pips to 34.80. This results in a risk/reward ratio of 2.45.

Today’s Equity Index Recommendation
EuroStoxx 50 – The EuroStoxx 50 is being pushed lower by its bearish price channel which emerged after the breakdown below its horizontal resistance level. The ascending 50 DMA is increasing the distance to the descending 200 DMA. The AC favors more downside following the contraction in upside pressure and the RSI is trading in neutral conditions as a result of the drop down from extreme overbought territory. New traders need to understand binary options basics before achieving profitability.

EuroStoxx 50 Today’s 02/22/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its bearish price channel. The EuroStoxx 50 is expected to be guide down into its horizontal support level. Binary option traders are advised to seek binary put options in the EuroStoxx 50 equity index on rallies above 2,850.0 on the H1 Hourly Chart. The downside potential for this binary put option is 18,000 pips to 2,670.0 while the upside potential is 8,500 pips to 2,935.0. This results in a risk/reward ratio of 2.12.

Key Fundamental Data:

Japan – The preliminary Nikkei Manufacturing PMI for the month of February was revised down to a level of 50.2 from the initially printed figure of 52.3. Expectations called for a downward revision to 52.0.

Denmark – Economists anticipate January retail sales to expand by 0.4% month-over-month and 0.9% year-over-year after posting a contraction of 0.8% and clocking in at 0.0% in December.

Eurozone – Expectations for the preliminary French Composite PMI for February favor an upward revision to 50.8 from the 50.2 which was previously announced. The French Manufacturing PMI is expected to dip into contractionary territory with a downward revision to 49.9 from 50.0. The French Services PMI is anticipated to remain unchanged at 50.3.

Switzerland– Producer & Import Prices for the month of January are set to show a contraction of 0.2% month-over-month and 5.2% year-over-year. This would represent a slowdown in deflationary pressures over the drop of 0.4% and 5.4% which was reported for the preceding month.

Eurozone – Consensus estimates for the preliminary Composite PMI out of Germany call for a reading of 54.8, up 0.3 points from the previously announced level of 54.5. The German Manufacturing PMI is called in at 52.0 while the German Services PMI is expected at 54.7, down from the initially printed figures of 52.3 and 55.0 respectively.

Eurozone – Economist anticipate the final revision for the Italian January consumer price index (CPI) to show a downward revised contraction of 0.2% month-over-month and an upward revised expansion of 0.3% year-over-year following the previously reported level of 0.0% and rise of 0.1%. The EU Harmonized CPI is called in at a plunge of 2.2% month-over-month and an increase of 0.4% year-over-year from the previously reported drop of 2.1% and growth rate of 0.1%.

United Kingdom – Expectations for CBI Industrial Trends Orders for the month of February call for an improvement to -11 from January’s -15.

United States – The January Chicago Federal National Activity Index is favored to clock in at -0.19, up 0.3 points from the -0.22 which was reported in the previous month.

Israel – The Bank of Israel, the Israeli central bank, is estimated to leave its benchmark interest rate unchanged at 0.1%.

Mexico – Economists anticipate retail sales to increase by 1.1% month-over-month and 5.3% year-over-year in the month of December. This would mark an increase over November’s growth rate of 0.5% month-over-month, but a slowdown over the 5.7% rise reported year-over-year.

United States – Expectations for the preliminary February Markit Manufacturing PMI call for a level of 52.3, down 0.1 point from the initially printed figure of 52.4.

Brazil – Business confidence for the month of February is called in at 37.3 which would mark an improvement over the 36.5 which was reported in January.

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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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