+1 (866)-882-6854
+ 44 203-807-1675
Chat
01:52:47 GMT
Black & White

BINARY OPTIONS INSIGHTS FOR MARCH 2ND 2016

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
March 2nd, 2016 08:32am GMT, London UK

Market Recap & Outlook:

Switzerland reported a decrease of 0.3% in retail sales for January month-over-month and an increase of 0.2% year-over-year. This represented a reversal over the previous month’s growth rate of 1.1% month-over-month and a rebound over the 1.7% plunge year-over-year. Economists anticipated a decrease of 0.3% and 0.7% respectively. The Swiss Franc was exposed to a spike in trading volume shortly after the announcement.

Economic optimism out of the United States for the month of March contracted further as measured by the IBD/TIPP Economic Optimism Index which clocked in at 46.8. Consensus estimates favored no change from February’s level of 47.8. The ISM Manufacturing Index for February remained in contractionary territory as well with a reading of 49.5, up from the preceding month’s 48.2 and better than the rise to 48.5 expected.

The Eurozone will release its producer price index (PPI) for January which is set to show a drop of 0.7% month-over-month and 2.7% year-over-year. This would mark a small decrease in deflationary pressures over the previous month’s contraction of 0.8% and 3.0% respectively. The Euro is anticipated to face an increase in volatility after the release of this economic report. Arbitrage trading is often more stressful and less profitable than binary option trading and should be avoided by most traders.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Call Option
• EUR/GBP – Binary Call Option
• USD/CHF – Binary Put Option
• Platinum – Binary Call Option
• DAX 30 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD was able to push above of its horizontal support level from where further upside is anticipated. The 50 Day Moving Average (DMA) is ascending, but continues to trade below the 200 DMA which is trending sideways. The Accelerator Oscillator (AC) shows the rise in positive pressure and the Relative Strength Index (RSI) is trading in neutral territory as a result of the advance from extreme oversold conditions.

NZDUSD Binary Options Insights for March 2nd 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. The NZD/USD is estimated to advance until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6650 on the H1 Hourly Chart. The upside potential for this binary call option is 125 pips to 0.6775 while the downside potential is 45 pips to 0.6605. This results in a risk/reward ratio of 2.78.

EUR/GBP – The EUR/GBP is exposed to an increase in upside momentum provided by its ascending support level which emerged from its intra-day low of 0.7724 recorded on February 19th 2016. The descending 50 DMA crossed below the sideways trending 200 DMA. The AC favors a price action reversal due to the build-up in positive pressure. The RSI is trading in neutral conditions following the recovery from extreme oversold territory.

EURGBP Binary Options Insights for March 2nd 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading above of its ascending support level, but below of its 200 DMA. The EUR/GBP is anticipated to accelerate to the upside. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7800 on the H1 Hourly Chart. The upside potential for this binary call option is 130 pips to 0.7930 while the downside potential is 40 pips to 0.7760. This results in a risk/reward ratio of 3.15.

USD/CHF – The USD/CHF is depleting positive pressure with a sideways trend below its horizontal resistance level. The 50 DMA is trending sideways with a positive bias and maintains its position above the 200 DMA which is drifting higher. The AC indicates the formation of a negative divergence in this currency pair as the RSI is trading in neutral territory after descending from overbought conditions; a drop down into oversold levels is estimated.

USDCHF Binary Options Insights for March 2nd 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The USD/CHF is expected to enter a counter-trend move 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.

Today’s Commodity Trade
Platinum – Platinum reversed direction from its intra-day low of 908.1 which was reached on February 29th 2016. The descending 50 DMA is increasing the distance to the sideways drifting 200 DMA. The AC points towards the accumulation in upside momentum. The RSI is trading in neutral conditions as a result of the move higher from oversold territory. Trading central indicates an overweight in call options for this commodity.

Platinum Today’s 03/02/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level with an increase in positive pressure. Platinum is expected to extend its advance into its horizontal resistance level. Binary option traders are advised to seek binary call options in Platinum on dips below 925.0 on the H1 Hourly Chart. The upside potential for this binary call option is 2,900 pips to 954.0 while the downside potential is 950 pips to 915.5. This results in a risk/reward ratio of 3.05.

Today’s Equity Index Recommendation
DAX 30 – The DAX 30 is validating the strength of its newly formed horizontal resistance level from where a price action reversal is expected. The 50 DMA is trading above the 200 DMA as both moving averages are ascending. The AC suggests a move lower as downside pressure is on the rise while the RSI is trading in extreme overbought territory following the acceleration from neutral conditions; a breakdown is favored to precede the reversal.

DAX 30 Today’s 03/02/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its horizontal resistance level. The DAX 30 is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in the DAX 30 equity index on rallies above 9,730.00 on the H1 Hourly Chart. The downside potential for this binary put option is 98,500 pips to 8,745.00 while the upside potential is 27,000 pips to 10,000.00. This results in a risk/reward ratio of 3.65.

Key Fundamental Data:

South Korea – January industrial production decreased by 1.8% month-over-month and 1.9% year-over-year following December’s revised increase of 0.5% and drop of 2.2%. Expectations called for a contraction of 0.6% and 2.2% respectively. Manufacturing production plunged 2.1% year-over-year, adding to the 1.9% drop which was printed in the preceding year. Retail sales dropped 1.4% month-over-month and expanded 4.5% year-over-year after clocking in at 0.0% and rising by 3.9% in December.

Australia – The gross domestic product (GDP) for the fourth-quarter showed a growth rate of 0.6% quarter-over-quarter and 3.0% year-over-year. This marked a slowdown over the previously reported increase of 11% quarter-over-quarter, but an improvement over the 2.7% expansion year-over-year.

South Korea – The Nikkei Manufacturing PMI dropped to 48.7 in February from the 49.5 which was reported in January; a figure below 50.0 indicates a contraction in the sector. Expectations called for a smaller decrease to 49.0.

Switzerland – Consensus estimates for the fourth-quarter GDP favor an increase of 0.2% quarter-over-quarter and 0.1% year-over-year after the third-quarter’s reading of 0.0% and rise of 0.8% respectively.

United Kingdom – Economists anticipate February Nationwide House Prices to expand by 0.5% month-over-month and 5.0% year-over-year, up from the previous month’s increase of 0.3% and 4.4%.

United Kingdom – Expectations for the Markit/CIPS Construction PMI call for an improvement of 0.5 points to 55.5 in the month of February from the 55.0 which was printed in January.

United States – Mortgage Bankers Association (MBA) mortgage applications for the week ending February 26th 2016 are set to contract by 0.9%, adding to the previous week’s plunge of 4.3%.

Singapore – Consensus estimates for the February SPIMM Manufacturing PMI favor a deeper slide into contractionary territory with a reading of 48.8, down 0.2 points from the previous month’s level of 49.0.

United States – Economists anticipate the ADP Employment Report to show the addition of 185,000 private sector jobs for February. This would represent a slowdown over the 205,000 jobs which were added in January.

United States – Expectations for the ISM New York Index for the month of February call for a rise of 0.4 points to 55.0 from the previous month’s reading of 54.6.

United States – The Energy Information Agency (EIA) is anticipated to report a build-up of 1,100,000 barrels in its crude oil inventories for the week ending February 26th 2016 and a drawdown of 347,100 barrels in gasoline inventories. This would follow the previous week’s build-up of 3,502,000 barrels and drawdown of 2,236,000 barrels respectively.

United States – The Federal Reserve will publish its Beige Book late in the trading session which is estimated to add to a spike in volatility in assets related to the US Dollar.

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