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BINARY OPTIONS INSIGHTS FOR MARCH 1ST 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
March 1st, 2016 08:32am GMT, London UK

Market Recap & Outlook:

Japanese housing starts unexpectedly expanded by 0.2% year-over-year to 873,000 units, defying the anticipated decrease of 0.1% following the previous year’s drop of 1.3% to 860,000 units. Construction orders plunged by 13.8% year-over-year, reversing the preceding year’s increase of 14.8%. The Japanese Yen was pushed higher after the release of this report. A trade market analysis indicates more volatility ahead over the course of this trading week.

The advanced reading for the Eurozone consumer price index (CPI) showed a rise in deflation with a contraction of 0.2% year-over-year. Consensus estimates were looking for a downward revision to 0.0% from the previously reported rise of 0.3%. Excluding the volatile food and energy sectors, the core CPI was reported as an increase of 0.7% year-over-year, below expectations for a smaller revision to 0.9% from the initially announced growth rate of 1.0%.

The United States will release its February Institute of Supply Management (ISM) Manufacturing PMI which is favored to expand by 0.3 points to 48.5 from January’s level of 48.2. This would keep the sector contracting for another month; a reading below 50.0 points towards a decrease in activity. ISM Prices Paid are called up to 35.0 while the ISM Employment Index is anticipated at 46.3 following the previous month’s level of 33.5 and 45.9 respectively.

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

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD reversed direction from its intra-day low of 0.7108 which was recorded yesterday on February 29th 2016. The descending 50 Day Moving Average (DMA) crossed below the descending 200 DMA. The Accelerator Oscillator (AC) points towards the accumulation in upside pressure. The Relative Strength Index (RSI) is trading in neutral conditions after ascending from extreme oversold territory.

AUDUSD Binary Options Insights for March 1st 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading above of its horizontal support level, but below of its 200 DMA. The AUD/USD is expected to advance further from current levels. Binary option traders are advised to seek binary call options in the AUD/USD currency pair on dips below 0.7140 on the H1 Hourly Chart. The upside potential for this binary call option is 115 pips to 0.7255 while the downside potential is 30 pips to 0.7110. This results in a risk/reward ratio of 3.83.

USD/JPY – The USD/JPY forced a momentum change from positive to negative with the breakdown below its horizontal resistance level. The 50 DMA is descending and remains above the 200 DMA which is trending to the downside as well. The AC indicates the decrease in positive momentum in this currency pair while the RSI is trading in oversold territory as a result of the contraction from extreme overbought conditions.

USDJPY Binary Options Insights for March 1st 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The USD/JPY is anticipated to move back down into its horizontal support level. Binary option traders are advised to seek binary put options in the USD/JPY currency pair on rallies above 112.300 on the H1 Hourly Chart. The downside potential for this binary put option is 130 pips to 111.000 while the upside potential is 50 pips to 112.800. This results in a risk/reward ratio of 2.60.

EUR/USD – The EUR/USD is validating its newly formed horizontal support level from where a breakdown is unlikely to materialize. The descending 50 DMA maintains its positions below the descending 200 DMA. The AC suggests a price action reversal due to the emergence of a positive divergence and the RSI is trading in neutral conditions following the reversal from extreme oversold territory.

EURUSD Binary Options Insights for March 1st 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level as upside pressure is on the rise. The EUR/USD is estimated to accelerate to the upside. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.0900 on the H1 Hourly Chart. The upside potential for this binary call option is 240 pips to 1.1140 while the downside potential is 90 pips to 1.0810. This results in a risk/reward ratio of 2.67.

Today’s Commodity Trade
Silver – Silver is exposed to a rise in positive pressure which resulted from the move above of its horizontal support level followed by a change in momentum to positive. The 50 DMA is descending and widening the gap to the 200 DMA which is drifting lower. The AC shows the increase in upside momentum in this precious metal as the RSI is trading in neutral territory after advancing from extreme oversold conditions.

Silver Today’s 03/01/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading above of its horizontal support level. Silver 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 Silver on dips below 14.950 on the H1 Hourly Chart. The upside potential for this binary call option is 65 pips to 15.600 while the downside potential is 30 pips to 14.650. This results in a risk/reward ratio of 2.17.

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 is confined to its bearish price channel which formed after the breakdown below its horizontal resistance level. The descending 50 DMA continues to trade above the ascending 200 DMA. The AC favors more downside due to the contraction in positive pressure. The RSI is trading in neutral conditions as a result of the move up from oversold territory. Binary options daily recommendations show an overweight in put options.

NASDAQ 100 Today’s 01/03/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its bearish price channel with an increase in downside momentum. The NASDAQ 100 is anticipated to be guided into its horizontal support level. 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 10,000 pips to 4,085.00 while the upside potential is 4,500 pips to 4,230.00. This results in a risk/reward ratio of 2.22.

Key Fundamental Data:

Japan – The January jobless rate was reported at 3.2% while the jobs-to-applicant ratio clocked in at 1.28, after the previous month’s level of 3.3% and 1.27 respectively. Household spending posted a contraction of 3.4% year-over-year, adding to the previous year’s contraction of 4.4%.

Japan – Fourth-quarter capital spending surged by 8.5% and excluding software by 8.9% following the third-quarter’s rise of 11.2% and 11.2% respectively. Estimates called for an increase of 8.7% and 8.7%.

Australia – Building permits for January decreased by 7.5% month-over-month and 15.5% year-over-year. This marked a reversal over December’s increase of 9.2% and a rise over the 2.5% drop. Economists anticipated a contraction of 3.0% and 8.5%. The fourth-quarter current account deficit rose to A$21.1 billion from the previous quarter’s deficit of A$18.8 billion; estimates predicted a deficit of A$20.0 billion.

China – The February Manufacturing PMI came in at 49.0 while the non-Manufacturing PMI was reported at 52.7 after January’s reading of 49.4 and 53.5. Expectations favored a level of 49.4 and 54.5.

Australia – The Reserve Bank of Australia (RBA) decided to keep its benchmark interest rate at 2.00% for no change, this move was widely anticipated.

Russia – Consensus estimates for the Markit February Manufacturing PMI favor an increase of 0.2 points to 50.0 from the previous month’s contractionary level of 49.8.

Eurozone – Expectations for the Spanish Markit Manufacturing PMI call for a decrease to 54.2 in February from the 55.4 which was printed in January.

Switzerland – Economists anticipate the February SVME Manufacturing PMI to dip into contractionary levels with a decrease of 0.4 points to 49.6 from the previous month’s reading of 50.0.

Eurozone – The Markit/ADACI Manufacturing PMI out of Italy is set to contract to 52.5 from the 53.2 which was announced in January.

Eurozone – Consensus estimates for the final Eurozone Manufacturing PMI for the month of February favor a confirmation of the initially released level of 51.0. Prior to the release, France and Germany will reported their respective PMI’s which are anticipated to show no change from the previously printed 50.3 and 50.2.

United Kingdom – Expectations for the February Markit Manufacturing PMI call for a decrease of 0.6 points to 52.3 from January’s level of 52.9.

Canada – Economists anticipate the gross domestic product (GDP) for December to expand by 0.1% month-over-month and to come in at 0.0% year-over-year. This would follow the previous month’s increase of 0.3% and 0.2% respectively.

United States – January construction spending is expected to show a growth rate of 0.4% month-over-month after rising by 0.1% in December.

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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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