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BINARY OPTIONS INSIGHTS FOR MARCH 4TH 2016 – NFP !

BitCoin/CNY 6291.000 11:00 24.01
USD/MXN 21.421 11:00 24.01
FTSE F-MAR17 7107.750 11:00 24.01
USD/RUB 59.259 11:00 24.01
USD/NOK 8.35711 11:00 24.01
USD/CHF 1.00118 11:00 24.01
OIL-MAR17 (BRENT) 55.480 11:00 24.01
EUR/ILS 4.06935 11:00 24.01
USD/ILS 3.79245 11:00 24.01
SBERBANK 168.585 11:00 24.01
GAZPROM 149.220 11:00 24.01
NZD/CHF 0.72229 11:00 24.01
CAD/CHF 0.75325 11:00 24.01
NZD/USD 0.72145 11:00 24.01
SUGAR (11)-MAR17 20.9750 11:00 24.01
CAD/JPY 85.347 11:00 24.01
AUD/USD 0.75568 11:00 24.01
AUD/JPY 85.721 11:00 24.01
GBP/USD 1.24566 11:00 24.01
EUR/USD 1.07297 11:00 24.01
VTB BANK 0.068940 11:00 24.01
ROSNEFT' 387.325 11:00 24.01
METRO AG 31.955 11:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 11:00 24.01
SILVER 17.108 11:00 24.01
GOLD/EUR 1129.755 11:00 24.01
USD/JPY 113.440 11:00 24.01
EUR/JPY 121.719 11:00 24.01
GOLD VS OIL 21.8500 11:00 24.01
BMW VS DAIMLER 1.22767 11:00 24.01
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By: Adam Stone
March 4th, 2016 08:32am GMT, London UK

Market Recap & Outlook:

January retail sales out of the Eurozone expanded by 0.4% month-over-month and 2.0% year-over-year. This came in above estimates for an increase of 0.1% and 1.3%, but represented a slowdown over the previous month’s upward revised growth rate of 0.6% month-over-month and 2.1% year-over-year. Successful traders never abandon their binary options strategies which allows them to trade free of emotions.

Initial jobless claims out of the United States for the week ending February 27th 2016 rose by 6,000 to 278,000 from the previous week’s level of 272,000. Expectations called for a decrease of 2,000. Continuing claims for the week ending February 20th 2016 rose by 3,000 to 2,257,000 from the preceding week’s upward revised level of 2,254,000 and above estimates which called for a drop to 2,235,000. The uptrend in claims may apply downside pressure on the US Dollar.

Canada will reports its merchandise trade report for January which is anticipated to show a deficit of C$0.95 billion, up from December’s deficit of C$0.59 billion. Exports are favored to total C$45.30 billion and imports are called in at C$46.25 billion following the previous month’s level of C$45.35 in exports and C$45.94 in imports. The Canadian Dollar is set to be exposed to a rise in volatility backed by higher volume after the release of this report.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Put Option
• EUR/CHF – Binary Call Option
• USD/CAD – Binary Call Option
• Platinum – Binary Put Option
• CAC 40 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD is depleting upside pressure after reaching its horizontal resistance level. The 50 Day Moving Average (DMA) is moving higher and pushed above the 200 DMA which is drifting to the upside. The Accelerator Oscillator (AC) shows the emergence of a negative divergence and the Relative Strength Index (RSI) is trading in overbought territory as a result of the contraction from extreme overbought conditions.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. The NZD/USD is expected to accelerate to the downside. Binary option traders are advised to seek binary put options in the NZD/USD currency pair on rallies above 0.6730 on the H1 Hourly Chart. The downside potential for this binary put option is 165 pips to 0.6565 while the upside potential is 45 pips to 0.6775. This results in a risk/reward ratio of 3.67.

NZDUSD

EUR/CHF – The EUR/CHF forced a momentum change from negative to positive with the breakout above its horizontal support level. The ascending 50 DMA maintains its position below the descending 200 DMA. The AC indicates the accumulation in positive pressure as the RSI is trading in neutral conditions following the reversal from overbought territory; a move into extreme overbought levels is anticipated to follow.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level, but below of its 200 DMA. The EUR/CHF is estimated to extend the breakout into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/CHF currency pair on dips below 1.0870 on the H1 Hourly Chart. The upside potential for this binary call option is 100 pips to 1.0970 while the downside potential is 50 pips to 1.0820. This results in a risk/reward ratio of 2.00.

EURCHF

USD/CAD – The USD/CAD entered a sideways trend inside of its horizontal support level from where a breakdown is unlikely to materialize. The 50 DMA is trending sideways below the 200 DMA which is moving to the downside. The AC favors a price action reversal due to the formation of a positive divergence. The RSI is trading in neutral territory after moving higher from a brief dip into oversold conditions.

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading inside of its horizontal support level. The USD/CAD is anticipated to enter a counter-trend advance. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3430 on the H1 Hourly Chart. The upside potential for this binary call option is 430 pips to 1.3860 while the downside potential is 155 pips to 1.3275. This results in a risk/reward ratio of 2.77.

USDCAD

Today’s Commodity Trade
Platinum – Platinum reversed direction from its most recent intra-day high of 950.9 which was reached today on March 4th 2016. The ascending 50 DMA crossed above the sideways trending 200 DMA which carries a positive bias. The AC points towards the formation of a negative divergence. The RSI is trading in overbought conditions as a result of the breakdown from extreme overbought territory. The weekly options trading review shows a rise in put options for this precious metal.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level with an increase in downside momentum. Platinum is expected to reverse back into its horizontal support level. Binary option traders are advised to seek binary put options in Platinum on rallies above 945.0 on the H1 Hourly Chart. The downside potential for this binary put option is 3,650 pips to 908.5 while the upside potential is 1,300 pips to 958.0. This results in a risk/reward ratio of 2.81.

Platinum

Today’s Equity Index Recommendation

CAC 40 – The CAC 40 is validating its newly formed horizontal resistance level from where positive momentum is fading. The 50 DMA is moving to the upside and remains above the 200 DMA which is ascending as well. The AC suggests a counter-trend move as a negative divergence formed while the RSI is trading in overbought territory following the drop below extreme overbought conditions which added to the rise in negative pressure.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level. The CAC 40 is estimated to enter a corrective phase. Binary option traders are advised to seek binary put options in the CAC 40 equity index on rallies above 4,415.0 on the H1 Hourly Chart. The downside potential for this binary put option is 33,000 pips to 4,085.0 while the upside potential is 11,500 pips to 4,530.0. This results in a risk/reward ratio of 2.87.

CAC 40

Key Fundamental Data:

Japan – Labor cash earnings for January rose by 0.4% year-over-year, up from the preceding year’s level of 0.0% and in-line with expectations calling for an increase of 0.4%.

Australia – January retail sales expanded by 0.3% month-over-month. This marked an improvement over December’s level of 0.0%. Economists anticipated a rise of 0.4%.

Philippines – The consumer price index (CPI) for February decreased by 0.3% month-over-month and rose by 0.9% year-over-year after expanding by 0.2% and 1.3% in January respectively. Estimates called for a growth rate of 0.1% and 1.4%.

Malaysia – The trade balance for the month of January is called in at MYR7.7 billion, down slightly from the MYR8.0 billion surplus which was reported in the previous month. Exports are expected to increase by 2.5% year-over-year while imports are favored to rise by 4.9%. This would represent an increase over December’s rise of 1.4% and 3.2% respectively.

Eurozone – Consensus estimates for Austrian January wholesale prices favor a contraction of 0.7% month-over-month and 1.9% year-over-year following the drop of 1.0% and 2.3% which was printed in the previous month.

Sweden – Economists anticipate industrial production to rise by 1.3% month-over-month and 3.6% year-over-year in January. This would mark an improvement over December’s plunge of 2.9% and increase of 0.3%.

Eurozone – Expectations for the final Italian fourth-quarter gross domestic product (GDP) revision favor a growth rate of 0.1% quarter-over-quarter and 1.0% year-over-year. This would follow the previous report’s rise of 0.2% and 0.8% respectively.

Eurozone – The February Retail PMI is called in at 49.9, up from the 48.9 which was reported in January; the increase would not take this indicator out of contractionary territory.

Brazil – Consensus estimates for industrial production in the month of January favor a plunge of 0.5% month-over-month and 14.9% year-over-year after the previous month’s contraction of 0.7% and 11.9%.

Canada – Economists anticipate fourth-quarter labor productivity to clock in at 0.0% quarter-over-quarter, down from the previous quarter’s increase of 0.1%.

United States – Expectations for the non-farm payroll (NFP) report call for the creation of 193,000 jobs and an unemployment rate of 4.9% in February. This would follow January’s addition of 151,000 jobs and unemployment rate of 4.9%. The labor force participation rate is anticipated to remain unchanged at 62.7%. Average hourly earnings are set to rise by 0.2% month-over-month and 2.5% year-over-year after the previous month’s increase of 0.5% and 2.5% respectively.

Canada – The Ivey Purchasing Managers Index (PMI) for the month of February is called down by 8.0 points to 58.0 from the 66.0 which was announced in January.

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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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