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BINARY OPTIONS INSIGHTS FOR MARCH 3RD 2016

BitCoin/CNY 6273.870 21:00 24.01
WELLS FARGO 54.700 21:00 24.01
USD/CHF 1.00085 21:00 24.01
TOYOTA (US) 117.620 21:00 24.01
SONY 30.485 21:00 24.01
SILVER 17.118 21:00 24.01
GOLD 1209.957 21:00 24.01
COLGATE-PALMOLIVE 68.265 21:00 24.01
FIAT CHRYSLER 10.89 21:00 24.01
LOCKHEED MARTIN 252.895 21:00 24.01
FERRARI 62.695 21:00 24.01
TSX 60 924.440 21:00 24.01
AUD/NZD 1.04665 21:00 24.01
ALIBABA 101.450 21:00 24.01
BOEING 160.540 21:00 24.01
NZD/USD 0.72463 21:00 24.01
BANK OF AMERICA 22.945 21:00 24.01
PFIZER 31.155 21:00 24.01
CAD/JPY 86.432 21:00 24.01
NZD/JPY 82.435 21:00 24.01
AUD/USD 0.75845 21:00 24.01
AUD/JPY 86.280 21:00 24.01
GBP/JPY 142.263 21:00 24.01
GENERAL ELECTRIC 29.990 21:00 24.01
S&P 500 2280.120 21:00 24.01
JP MORGAN CHASE 84.715 21:00 24.01
GOLD/EUR 1127.335 21:00 24.01
USD/JPY 113.763 21:00 24.01
EUR/JPY 122.101 21:00 24.01
CITIGROUP VS JP MORGAN CHASE 0.67015 21:00 24.01
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By: Adam Stone
March 3rd, 2016 08:32am GMT, London UK

Market Recap & Outlook:

The Markit/CIPS Construction PMI for the month of February was reported at 54.2, down 0.8 points from the previous month’s level of 55.0. This missed expectations favoring an increase of 0.5 points to 55.5. Despite the decrease in the rate of expansion, the UK construction sector remains healthy which adds to overall gross domestic performance. The British Pound received a lift despite the weaker than estimated data point.

The Energy Information Agency (EIA) out of the United States reported a build-up of 10,374,000 barrels in its crude oil inventories for the week ending February 26th 2016 while gasoline inventories decreased by 1,468,000 barrels. Estimates called for a much smaller rise of 1,100,000 barrels and a drawdown of 347,100 barrels respectively. This followed the preceding week’s build-up of 3,502,000 barrels in crude oil inventories and draw down of 2,236,000 barrels in gasoline inventories. Day trading options in commodities is a fast growing sector of the financial market.

The final revision to the February Eurozone Composite PMI as well as Services PMI call for no change from the previously announced levels of 52.7 and 53.0 respectively. Preceding this release will be the French and German figures which are favored to remain unchanged as well; the French Composite PMI and the French Services PMI at a contractionary reading of 49.8 each, the German Composite PMI at 53.8 and the German Services PMI at 55.1.

Today’s Binary Option Trading Recommendations Overview:
• GBP/JPY – Binary Put Option
• EUR/USD – Binary Call Option
• GBP/USD – Binary Put Option
• Crude Oil – Binary Put Option
• EuroStoxx 50 – Binary Put Option

Currency Pairs on today’s Radar Screen:
GBP/JPY – The GBP/JPY ascended from its horizontal support level and has now reached its horizontal resistance level. The ascending 50 Day Moving Average (DMA) crossed above the descending 200 DMA. The Accelerator Oscillator (AC) indicates the formation of a negative divergence. The Relative Strength Index (RSI) is trading in overbought conditions after descending from extreme overbought territory which resulted in a build-up of downside pressure.

GBPJPY Binary Options Insights for March 3rd 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its horizontal resistance level as negative momentum is on the rise. The GBP/JPY is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in the GBP/JPY currency pair on rallies above 160.000 on the H1 Hourly Chart. The downside potential for this binary put option is 530 pips to 154.700 while the upside potential is 150 pips to 161.500. This results in a risk/reward ratio of 3.53.

EUR/USD – The EUR/USD is depleting further downside pressure inside of its horizontal support level from where a price action reversal is favored to follow. The 50 DMA is trading below the 200 DMA and both moving averages are descending. The AC shows the emergence of a positive divergence in this currency pair while the RSI is trading in neutral territory as a result of the advance from oversold conditions.

EURUSD Binary Options Insights for March 3rd 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The EUR/USD is estimated to drift into its 200 DMA from where a breakout is expected. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.0875 on the H1 Hourly Chart. The upside potential for this binary call option is 245 pips to 1.1120 while the downside potential is 100 pips to 1.0775. This results in a risk/reward ratio of 2.45.

GBP/USD – The GBP/USD spiked higher from its most recent intra-day low of 1.3914 which was reached yesterday on March 2nd 2016. The ascending 50 DMA is closing in on the descending 200 DMA, pending a crossover. The AC points towards the accumulation in negative momentum as the RSI is trading in overbought conditions following the drop down from extreme overbought territory; a plunge into oversold levels is estimated.

GBPUSD Binary Options Insights for March 3rd 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level, but above of its 200 DMA. The GBP/USD is expected to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.4050 on the H1 Hourly Chart. The downside potential for this binary put option is 215 pips to 1.3835 while the upside potential is 105 pips to 1.4155. This results in a risk/reward ratio of 2.05.

Today’s Commodity Trade
Crude Oil – Crude Oil is validating its newly formed horizontal resistance level from where a breakout is unlikely to materialize. The 50 DMA is moving higher and maintains its positions above the 200 DMA which is ascending as well. The AC suggests a counter-trend move to the downside due to the formation of a negative divergence. The RSI is trading in neutral territory after correcting from overbought conditions.

Crude Oil Today’s 03/03/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its horizontal resistance level. Crude Oil is anticipated to accelerate to the downside from current levels. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 34.30 on the H1 Hourly Chart. The downside potential for this binary put option is 375 pips to 30.55 while the upside potential is 80 pips to 35.10. This results in a risk/reward ratio of 4.69.

Today’s Equity Index Recommendation
EuroStoxx 50 – The EuroStoxx 50 started to drift sideways inside of its horizontal resistance level as positive pressure is fading. The ascending 50 DMA remains above the ascending 200 DMA. The AC favors a corrective phase while a negative divergence formed and the RSI is trading in overbought conditions as a result of the reversal from extreme overbought territory. Binary option signals indicate an overweight in put options for this equity index.

EuroStoxx 50 Today’s 03/03/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level with a build-up in downside momentum. The EuroStoxx 50 is estimated to contract into its horizontal support level. Binary option traders are advised to seek binary put options in the EuroStoxx 50 equity index on rallies above 3,000.0 on the H1 Hourly Chart. The downside potential for this binary put option is 27,500 pips to 2,725.0 while the upside potential is 12,500 pips to 3,125.0. This results in a risk/reward ratio of 2.20.

Key Fundamental Data:

Japan – Bond holders added ¥933.8 billion worth of foreign bonds for the week ending February 26th 2016 as equity investors purchased ¥382.3 billion worth of foreign stocks. This followed the previous week’s purchase of ¥1,975.6 billion worth of foreign bonds and ¥448.4 billion worth of foreign stocks.

China – The Caixin Composite PMI for February clocked in at 49.4 and the Caixin Services PMI was reported at 51.2 following the previous month’s reading of 50.1 and 52.4.

Japan – The February Nikkei Composite PMI showed a level of 51.0 while the Nikkei Services PMI came in at 51.2 following the 52.6 and 52.4 which was printed in January.

Eurozone – The Irish Investec Services PMI for the month of February is called down by 0.9 points to 63.1 from the previous month’s level of 64.0.

United Kingdom – Economists anticipate the Halifax House Price Index to clock in at 0.0% in February month-over-month and to surge by 10.4% year-over-year. This would represent a slowdown over the increase of 1.7% month-over-month and an improvement over the 9.7% growth rate year-over-year which was reported in the preceding month.

Eurozone – Expectations for the February Services PMI out of Spain call for a reading of 54.0, down 0.6 points from January’s level of 54.6.

Eurozone – The Italian Markit/ADACI Services PMI is set to decrease by 0.4 points in February to 53.2 from the 53.6 which was reported in the previous month.

United Kingdom – Consensus estimates for the February Markit/CIPS Composite PMI favor a contraction in the rate of expansion to 55.7 from January’s level of 56.1 and the Markit/CIPS Services PMI is called down to 55.1 from 55.6.

Eurozone – Economists anticipate Eurozone retail sales for January to rise by 0.1% month-over-month and 1.3% year-over-year after December’s increase of 0.3% and 1.4% respectively. French retail sales are called up by 0.2% month-over-month and 2.2% year-over-year following the growth rate of 1.3% and 1.7% printed in the previous month. Retail sales out of Belgium are favored to expand by 0.1% month-over-month and to contract by 0.3% year-over-year after the rise of 0.7% and drop of 1.2% printed in the preceding month.

United States – Expectations for initial jobless claims call for a decrease of 2,000 for the week ending February 27th 2016 to 270,000 as continuing claims for the week ending February 20th 2016 are set to decrease by 18,000 to 2,235,000.

United States – The ISM Non-Manufacturing Composite PMI for the month of February is favored to decrease by 0.5 points to 53.0 from January’s level of 53.5.

United States – Consensus estimates for January factory orders call for an increase of 2.1%, partially reversing the contraction of 2.9% which was printed in the preceding month.

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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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