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BINARY OPTIONS INSIGHTS FOR FEBRUARY 29TH 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 29th, 2016 08:32am GMT, London UK

Market Recap & Outlook:

Confidence across the Eurozone fell more than expected in the month of February. The business climate indicator dropped to a level of 0.07, down 0.22 points from January’s reading of 0.29 and well below the estimated decrease to 0.27. Economic confidence was reported at 103.8 as services confidence clocked in at 10.6 following the previous month’s upward revised reading of 105.1 and unrevised level of 11.6. Expectations called for a drop to 104.4 and 11.4 respectively. Industrial confidence slid to a reading of -4.4, down from January’s level of -3.2 and below the anticipated decrease to -3.6.

Personal income out of the United States rose by 0.5% in January while personal spending posted an increase of 0.5% as well. This represented an increase over December growth rate of 0.3% and upward revised expansion of 0.1% and came in above consensus estimates for a rise of 0.4% and 0.3% respectively. Real personal spending showed a growth rate of 0.4%, doubling the previous month’s upward revised expansion of 0.2% and eclipsing the previous month’s increase of 0.3%.

Net consumer credit out of the United Kingdom for January is set to rise by £1.3 billion, up from the preceding’s month level of £1.2 billion. Net lending securities on dwellings is expected to increase to £3.6 billion after December’s reading of £3.2 billion. The British Pound is anticipated to experience a volatility spike following the release of this report; short-term trading strategies favor call options in this currency pair during the next few trading sessions.

Today’s Binary Option Trading Recommendations Overview:
• GBP/USD – Binary Call Option
• USD/CHF – Binary Put Option
• USD/CAD – Binary Call Option
• Platinum – Binary Call Option
• Nikkei 225 – Binary Put Option

Currency Pairs on today’s Radar Screen:
GBP/USD – The GBP/USD reversed the breakout above its horizontal support level and is now trading back inside of it. The 50 Day Moving Average (DMA) is drifting lower and remains below the 200 DMA. The Accelerator Oscillator (AC) shows the build-up in positive pressure while the Relative Strength Index (RSI) is trading in oversold territory as a result of the drop down from overbought conditions; a reversal from current levels is favored.
GBPUSD Binary Options Insights for February 29th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The GBP/USD is anticipated to enter a counter-trend advance. Binary option traders are advised to seek binary call options in the GBP/USD currency pair on dips below 1.3870 on the H1 Hourly Chart. The upside potential for this binary call option is 530 pips to 1.4400 while the downside potential is 215 pips to 1.3655. This results in a risk/reward ratio of 2.47.

USD/CHF – The USD/CHF reversed direction from its most recent intra-day high of 0.9988 which was recorded on February 26th 2016. The ascending 50 DMA is closing in on the ascending 200 DMA. The AC points towards the contraction in upside pressure in this currency pair. The RSI is trading in overbought conditions after descending from extreme overbought territory; a plunge into oversold levels is estimated to follow.

USDCHF  Binary Options Insights for February 29th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level with an increase in negative momentum. The USD/CHF is expected to accelerate to the downside. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 0.9960 on the H1 Hourly Chart. The downside potential for this binary put option is 110 pips to 0.9850 while the upside potential is 40 pips to 1.0000. This results in a risk/reward ratio of 2.75.

USD/CAD – The USD/CAD entered a sideways trend, after dropping into its horizontal support level, from where a breakdown is unlikely to materialize. The 50 DMA is descending and widening the gap to the 200 DMA which is drifting lower at a slower pace. The AC favors a price action reversal due to the rise in upside momentum. The RSI is trading in neutral territory following the breakout from extreme oversold conditions.

USDCAD Binary Options Insights for February 29th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading inside of its horizontal support level. The USD/CAD is estimated to drift into its 50 DMA from where a breakout is favored. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3560 on the H1 Hourly Chart. The upside potential for this binary call option is 320 pips to 1.3880 while the downside potential is 140 pips to 1.3420. This results in a risk/reward ratio of 2.29.

Today’s Commodity Trade
Platinum – Platinum contracted from its horizontal resistance level into its horizontal support level from where a breakout emerged. The descending 50 DMA crossed below the descending 200 DMA and the distance is increasing. The AC suggests a move to the upside following the formation of a positive divergence and the RSI is trading in neutral conditions as a result of the recovery from extreme oversold territory.

Platinum  Today’s 02/29/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level while upside pressure is on the rise. Platinum is anticipated to recover into its horizontal resistance level. Binary option traders are advised to seek binary call options in Platinum on dips below 920.0 on the H1 Hourly Chart. The upside potential for this binary call option is 3,400 pips to 954.0 while the downside potential is 1,150 pips to 908.5. This results in a risk/reward ratio of 2.96.

Today’s Equity Index Recommendation
Nikkei 225 – The Nikkei 225 forced a momentum change from positive to negative after descending below its horizontal resistance level. The 50 DMA is moving higher and pushed above the 200 DMA which is ascending as well. The AC indicates the emergence of a negative divergence as the RSI is trading in neutral territory after trending lower from overbought conditions. The most liquid Japanese stocks to trade are included in this equity index.

Nikkei 225 Today’s 02/29/2016 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 expected to enter a corrective phase. Binary option traders are advised to seek binary put options in the Nikkei 225 equity index on rallies above 16,250.0 on the H1 Hourly Chart. The downside potential for this binary put option is 73,000 pips to 15,520.0 while the upside potential is 25,000 pips to 16,500.0. This results in a risk/reward ratio of 2.92.

Key Fundamental Data:

Japan – Retail sales decreased by 0.1% in January year-over-year, adding to the preceding year’s contraction of 1.1%. Expectations called for a rise of 0.5%.

Australia – Fourth-quarter business inventories contracted by 0.4% quarter-over-quarter while company gross profits plunged by 2.8%. This followed the third-quarter’s increase of 0.1% and 1.4% respectively. Private sector credit for the month of January expanded by 0.5% month-over-month and 6.6% year-over-year, matching December’s growth rate of 0.5% and 6.6%.

Japan – January housing starts are set to post a decrease of 0.1% year-over-year and construction orders are called up by 3.1%. This will add to the decrease of 1.3% in housing starts which was printed in the previous year as well as to the surge of 14.8% in construction orders.

Eurozone – Economists anticipate retail sales for the month of January out of Germany to rise by 0.2% month-over-month and 1.5% year-over-year after the drop of 0.2% and increase of 1.5% which was reported in December.

Switzerland – Consensus estimates for KOF Leading Indicators favor a contraction of 1.5 points in February to 98.8 from the previous month’s level of 100.3.

United Kingdom – Expectations for January mortgage approvals are set to show a rise to 73,600 from the 70,840 which were reported in December.

Eurozone – The advanced reading for the consumer price index (CPI) is estimated to show a level of 0.0% year-over-year for February, down from the previously announced increase of 0.3%. Excluding food and energy, the core CPI is expected to expand by 0.9% after the previously printed increase of 1.0%.

Eurozone – Economists anticipate Greek retail sales to contract by 2.3% in December year-over-year, adding to November’s plunge of 4.5%.

Eurozone – Consensus estimates for retail sales out of Ireland favor an expansion of 2.7% month-over-month and 8.9% year-over-year for the month of January. This would reverse the 0.7% decrease which was printed in December month-over-month and follow the 6.3% rise year-over-year.

Canada – Expectations for the fourth-quarter current account deficit call for an improvement to C$15.6 billion from the previous quarter’s deficit of C$16.2 billion.

United States – The Chicago Purchasing Managers Index (PMI) for the month of February is called down to 53.8 from the 55.6 which was printed in January.

United States – Economists anticipate January pending home sales to rise by 0.9% month-over-month and 3.9% year-over-year. This would follow the previous month’s growth rate of 0.1% and 4.2% respectively.

United States – Consensus estimates for the Dallas Federal Manufacturing Index call for an improvement to -30.0 in February from January’s reading of -34.6.

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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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