+1 (866)-882-6854
+ 44 203-807-1675
Chat
20:58:23 GMT
Black & White

BINARY OPTIONS INSIGHTS FOR FEBRUARY 24TH 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
X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
February 24th, 2016 08:32am GMT, London UK

Market Recap & Outlook:

The German IFO Business Climate Index for February clocked in at 105.7, down from January’s level of 107.3 and below estimates for a slowdown to 106.8. The IFO Current Assessment Index unexpectedly rose to 112.9, defying expectations for a slowdown to 112.0 from the previous month’s level of 112.5. The Expectations Index plunged to 98.8 following January’s reading of 102.4 and below anticipations for a drop to 101.6.

The United States released its January existing home sales data which showed a surprise increase of 0.4% month-over-month to 5,470,000 units. Economists anticipated a decrease of 2.2% to 5,340,000 units. Reducing the effects of the upside surprise to a minor degree was the downward revision to December in order to reflect a growth rate of 12.1% to 5,450,000 units. Trading options for income remains the fastest growing sector of the financial retail market.

Remaining with housing data out of the US, new home sale for the month of January are set to show a contraction of 4.4% month-over-month to 520,000 units. This would represent a reversal over the previous month’s surge of 10.8% to 544,000 units. The housing sector is the key driver behind consumer spending which forms the backbone of economic performance, a depressed housing market often spills over into a decrease in consumer activity.

Today’s Binary Option Trading Recommendations Overview:
• EUR/JPY – Binary Call Option
• USD/JPY – Binary Call Option
• USD/CHF – Binary Put Option
• Silver – Binary Call Option
• Nikkei 225 – Binary Put Option

Currency Pairs on today’s Radar Screen:
EUR/JPY – The EUR/JPY contracted from its horizontal resistance level into its horizontal support level. The descending 50 Day Moving Average (DMA) continues to trade below the descending 200 DMA. The Accelerator Oscillator (AC) indicates the rise in positive momentum in this currency pair as the Relative Strength Index (RSI) is trading in oversold conditions after advancing from extreme oversold territory which provided a boost to upside pressure.

EURJPY Binary Options Insights for February 24th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. The EUR/JPY is anticipated to complete a breakout above its 50 DMA and move higher. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 123.500 on the H1 Hourly Chart. The upside potential for this binary call option is 465 pips to 128.150 while the downside potential is 150 pips to 122.000. This results in a risk/reward ratio of 3.10.

USD/JPY – The USD/JPY is depleting downside pressure inside of its horizontal support level from where a price action reversal is favored to emerge. The 50 DMA is drifting lower and increasing the distance to the 200 DMA which is trending sideways. The AC shows the accumulation in upside pressure. The RSI is trading in oversold territory following a brief dip into extreme oversold conditions; a move into overbought levels is anticipated.

USDJPY Binary Options Insights for February 24th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level, but positive momentum is expanding. The USD/JPY is expected to recover into its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/JPY currency pair on dips below 112.100 on the H1 Hourly Chart. The upside potential for this binary call option is 275 pips to 114.850 while the downside potential is 110 pips to 111.000. This results in a risk/reward ratio of 2.50.

USD/CHF – The USD/CHF forced a momentum change from positive to negative with the breakdown below its horizontal resistance level. The ascending 50 DMA maintains its position above the advancing 200 DMA. The AC favors an extension of the breakdown due to the build-up in downside momentum. The RSI is trading in neutral conditions as a result of the drift to the upside from oversold territory; a reversal is expected.

USDCHF Binary Options Insights for February 24th 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 down into its horizontal support level. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 0.9910 on the H1 Hourly Chart. The downside potential for this binary put option is 175 pips to 0.9735 while the upside potential is 55 pips to 0.9965. This results in a risk/reward ratio of 3.18.

Today’s Commodity Trade
Silver – Silver was able to reverse to the upside from its intra-day low of 14.928 which was reached on February 22nd 2016. The 50 DMA is descending and widening the gap to the 200 DMA which is drifting higher. The AC suggests further upside potential as positive momentum is on the rise while the RSI is trading in neutral territory after descending from overbought conditions. Binary options signals point towards an accumulation in call options in this precious metal.

Silver Today’s 02/24/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level and upside pressure is increasing. Silver is expected to move back into its horizontal resistance level. Binary option traders are advised to seek binary call options in Silver on dips below 15.300 on the H1 Hourly Chart. The upside potential for this binary call option is 65 pips to 15.950 while the downside potential is 25 pips to 15.050. This results in a risk/reward ratio of 2.60.

Today’s Equity Index Recommendation
Nikkei 225 – The Nikkei 225 is exposed to a rise in downside pressure as a result of the breakdown below its horizontal resistance level. The ascending 50 DMA remains above the sideways drifting 200 DMA. The AC points towards the increase in negative momentum and the RSI is trading in neutral conditions following the move higher from oversold territory; a plunge into extreme oversold level is likely to emerge.

Nikkei 225 Today’s 02/24/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level. The Nikkei 225 is anticipated to drop back into its horizontal support level. Binary option traders are advised to seek binary put options in the Nikkei 225 equity index on rallies above 15,875.0 on the H1 Hourly Chart. The downside potential for this binary put option is 110,500 pips to 14,770.0 while the upside potential is 45,000 pips to 16,325.0. This results in a risk/reward ratio of 2.46.

Key Fundamental Data:

Singapore – The final revision to the fourth-quarter gross domestic product (GDP) showed a growth rate of 6.2% quarter-over-quarter and 1.8% year-over-year. This followed the upward revised expansion of 2.3% quarter-over-quarter and rise of 1.8% respectively initially reported.

Australia – The wage cost index (WCI) for the fourth-quarter rose by 0.5% quarter-over-quarter and 2.2% year-over-year, which came in below estimates as well as the previous quarter’s increase of 0.6% and 2.3%.

Australia – Construction work done contracted by 3.6% quarter-over-quarter in the fourth-quarter after dropping by an upward revised 1.8% in the third-quarter. Expectations called for a decrease of 2.0%.

Philippines – The December trade balance showed a surprise surplus of $603.0 million following November’s deficit of $976.9 million as economists anticipated a rise in the deficit to $1,380.0 million.

Malaysia – Expectations for the consumer price index (CPI) call for an increase to 3.7% year-over-year in January, up from the 2.7% rise which was printed in the preceding year.

Japan – The final revision for the December Coincident Index call for a downward revision to 111.2 from the previously reported level of 111.9 as the Leading Economic Index is favored to be revised down by 1.2 points to 102.0 from 103.2.

Eurozone – Consensus estimates for Finish export prices are set to show a contraction of 2.0% year-over-year while import prices are expected to plunge by 5.8% in January. This would represent a slowdown in deflationary pressures over the preceding year’s drop of 2.3% and 6.2% respectively.

Switzerland – Economists anticipate the January UBS Consumption Indicator to decrease by 0.3 points to 1.59 from the previous month’s level of 1.62.

Eurozone – Consumer confidence for the month of February out of France is favored to show no change from the previous month’s reading of 97.0.

Eurozone – Expectations for Italian industrial orders call for an increase of 3.5% month-over-month and 2.1% year-over-year in January after December’s growth rate of 1.6% and 12.1% respectively. Industrial sales are anticipated to rise by 2.7% month-over-month and 1.0% year-over-year. This would mark a reversal over the previous month’s drop of 1.1% month-over-month and an improvement over the 0.8% expansion year-over-year.

United Kingdom – British Bankers Association (BBA) mortgage approvals for the month of January are called in at 44,800. This would mark an increase over the 43,975 mortgage approvals which were reported in December.

United States – Consensus estimates for preliminary Markit Composite Purchasing Managers Index (PMI) for February favor a reading of 53.8 and the Markit Services PMI is expected at 53.5 following the initially printed figures of 53.2 and 53.2 respectively.

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