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BINARY OPTIONS INSIGHTS FOR FEBRUARY 23RD 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 23rd, 2016 08:32am GMT, London UK

Market Recap & Outlook:

The preliminary Eurozone Composite PMI for the month of February clocked in at 52.7, down 0.9 points from the initially printed figure of 53.6 and below estimates for a downward revision to 52.3. The Eurozone Manufacturing PMI was reported at 51.0 and the Eurozone Services PMI at 53.0. Expectations favored a downward revision to 52.0 and 53.4 from the previously reported levels of 52.3 and 53.6 respectively.

The Chicago Federal National Activity Index out of the United States jumped to 0.28 in January. This came in well above the -0.19 which was anticipated by economists. Dampening the positive tone of this regional report was the downward revision to December in order to reflect a level of -0.34, down 0.12 points from the originally reported reading of -0.22. The best broker focused on binary options shows an overweight in put options for the US Dollar.

Germany will reports its February IFO during the European morning trading session. The Business Climate Index is called in 106.8, down 0.5 points from January’s 107.3. The Current Assessment Index is expected to drop by 0.5 points from 112.5 to 112.0 while the Expectations Index is anticipated to come in at 101.6, down 0.6 points from the previous month’s level of 102.4. The Euro is likely to be exposed to a spike in volatility following the release of this economic report.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Put Option
• EUR/USD – Binary Call Option
• USD/CAD – Binary Call Option
• Platinum – Binary Call Option
• NASDAQ 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD is validating the emergence of its new horizontal resistance level from where a price action reversal is anticipated. The 50 Day Moving Average (DMA) is trading above the 200 DMA as both moving averages are drifting higher. The Accelerator Oscillator (AC) shows the formation of a negative divergence. The Relative Strength Index (RSI) is trading in overbought territory following the drop down from extreme overbought conditions.

AUDUSD Binary Options Insights for February 23rd 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level with an increase in negative momentum. The AUD/USD is expected to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7215 on the H1 Hourly Chart. The downside potential for this binary put option is 185 pips to 0.7030 while the upside potential is 70 pips to 0.7285. This results in a risk/reward ratio of 2.64.

EUR/USD – The EUR/USD contracted from its horizontal resistance level into its horizontal support level from where further downside pressure is fading. The descending 50 DMA maintains its positions below the descending 200 DMA. The AC favors an advance due to the rise upside momentum and the RSI is trading in neutral conditions as a result of the breakout from extreme oversold territory which added to the increase in positive pressure.

EURUSD Binary Options Insights for February 23rd 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The EUR/USD is anticipated to accelerate to the upside. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.1060 on the H1 Hourly Chart. The upside potential for this binary call option is 315 pips to 1.1375 while the downside potential is 130 pips to 1.0930. This results in a risk/reward ratio of 2.42.

USD/CAD – The USD/CAD has reversed the breakout above its horizontal support level and is now trading just above of it. The 50 DMA is descending and remains below the 200 DMA which is also drifting to the downside. The AC points towards the accumulation in positive momentum for this currency pair while the RSI is trading in neutral territory after a brief dip into oversold conditions; a move back into overbought levels is favored.

USDCAD Binary Options Insights for February 23rd 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level as upside pressure is on the rise. The USD/CAD is expected to drift into its 200 DMA from where a breakout is anticipated. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3730 on the H1 Hourly Chart. The upside potential for this binary call option is 285 pips to 1.4015 while the downside potential is 75 pips to 1.3655. This results in a risk/reward ratio of 3.80.

Today’s Commodity Trade
Platinum – Platinum reversed direction from its most recent intra-day low of 917.0 which was recorded yesterday on February 22nd 2016. The descending 50 DMA crossed below the sideways trending 200 DMA. The AC indicates the rise in upside pressure as the RSI is trading in neutral conditions following the recovery from extreme oversold territory. Binary options trading books are available, often free of charge, which cover a wide range of topics from where a successful strategy can be created.

Platinum Today’s 02/23/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading just above of its horizontal support level. Platinum is anticipated to reverse to the upside until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in Platinum on dips below 932.0 on the H1 Hourly Chart. The upside potential for this binary call option is 3,450 pips to 966.5 while the downside potential is 1,500 pips to 917.0. This results in a risk/reward ratio of 2.30.

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 is depleting positive momentum inside of its horizontal resistance level from where a breakdown is anticipated. The 50 DMA is trending higher above the 200 DMA which is advancing as well. The AC suggests a contraction following the formation of a negative divergence. The RSI is trading in neutral territory as a result of the reversal from overbought conditions; a drop into oversold levels likely to materialize.

NASDAQ 100 Today’s 02/23/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level and negative pressure is building up. 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 4,185.00 on the H1 Hourly Chart. The downside potential for this binary put option is 31,000 pips to 3,875.00 while the upside potential is 13,000 pips to 4,315.00. This results in a risk/reward ratio of 2.39.

Key Fundamental Data:

Singapore – Consensus estimates for the consumer price index (CPI) call for a contraction of 0.1% month-over-month and 0.5% year-over-year for January after being reported at 0.0% and a decrease of 0.6% in December respectively.

Eurozone – The unemployment rate in Finland for the month of January is set to increase by 0.3% from 9.2% to 9.5%.

Eurozone – Expectations for the final fourth-quarter gross domestic product (GDP) out of Germany favor no change from the initially printed growth rate of 0.3% quarter-over-quarter and 2.1% year-over-year.

Eurozone – Economists anticipate French business confidence to remain unchanged at 102.0 in February from the previous month’s reading of 102.0.

Hong Kong – The January CPI is expected to show an increase of 2.9% year-over-year. This would represent a rise over the 2.4% rise which was reported in the preceding year. The unemployment rate is set to remain unchanged at 3.3%.

Poland – The unemployment rate for the month of January is called in at 10.3% following December’s unemployment rate of 9.8%.

Nigeria – Consensus estimates for the fourth-quarter GDP favor an increase of 3.5% quarter-over-quarter and 3.3% year-over-year after posting a rise of 9.2% and 2.8% in the third-quarter respectively.

Turkey – Business confidence is anticipated to decrease by 1.2 points in February to 102.1 from the previous month’s reading of 103.3.

Eurozone – Expectations for business confidence out of Belgium call for a decrease of 0.7 points to -3.7 for the month of February from the -3.0 which was reported in January.

Mexico – Economists anticipate the final fourth-quarter GDP revision to confirm the initially reported increase of 0.6% quarter-over-quarter and 2.5% year-over-year.

United States – The S&P/Case-Shiller Composite 20 for the month of December is expected to show a growth rate of 0.1% month-over-month and 5.8% year-over-year, matching the previous month’s rise of 0.1% and 5.8% respectively.

United States – Consensus estimates for January existing home sales call for a drop of 2.2% to 5,340,000 units following the surge of 14.7% to 5,460,000 units which was reported in December.

United States – Expectations for the Richmond Federal Manufacturing Index for the month of February favor no change from the previous month’s level of 2.0.

United States – The February consumer confidence index is anticipated to clock in at 97.3 after the 98.1 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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