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BINARY OPTIONS INSIGHTS FOR MARCH 7TH 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 7th, 2016 08:32am GMT, London UK

Market Recap & Outlook:

The Eurozone reported an expansion in its retail sector as measured by the Retail PMI for the month of February which rose to 50.1 following the previous month’s contractionary reading of 48.9. The German Retail PMI powered the advance with an increase to 52.5, up 3.0 points from January’s level of 49.5. The Italian Retail PMI improved to 49.4 from 47.9, but the French Retail PMI contracted further to 48.1 from 48.9. The surprise expansion in the retail sector may provide a boost to the first-quarter gross domestic product (GDP).

The trade deficit in the United States rose to $45.68 billion in January from December’s upward revise deficit of $44.70 billion. Economists anticipated a smaller trade deficit of $44.00 billion. The US is running a twin deficit for an extended period of time, a trade deficit as evident here as well as a budget deficit, which may pressure the US Dollar to the downside over time. Using the best trading software can give traders an edge and improve profitability.

The producer price index (PPI) out of Italy for the month of January is estimated to show a contraction of 0.5% month-over-month and 3.1% year-over-year. This would represent a decrease in deflationary pressures over the previous month’s drop of 0.7% and 3.3% respectively. The Euro is estimated to be exposed to an increase in volatility on the back of higher trading volume after the release of this economic report.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Put Option
• GBP/JPY – Binary Put Option
• EUR/USD – Binary Put Option
• Crude Oil – Binary Put Option
• DAX 30 – Binary Put Option

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD advanced from its horizontal support level into its horizontal resistance level from where a price action reversal is favored. The ascending 50 Day Moving Average (DMA) is widening the gap to the ascending 200 DMA. The Accelerator Oscillator (AC) indicates the formation of a negative divergence. The Relative Strength Index (RSI) is trading in neutral conditions after descending from extreme overbought territory.

AUDUSD Binary Options Insights for March 7th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level with a rise in negative momentum. The AUD/USD is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7400 on the H1 Hourly Chart. The downside potential for this binary put option is 290 pips to 0.7110 while the upside potential is 100 pips to 0.7500. This results in a risk/reward ratio of 2.90.

GBP/JPY – The GBP/JPY is depleting upside pressure inside of its horizontal resistance level from where a breakout is unlikely to materialize. The 50 DMA is drifting higher and continues to trade above the 200 DMA which is advancing as well. The AC shows the emergence of a negative divergence while the RSI is trading in neutral territory as a result of the drop down from a brief spike into extreme overbought conditions.

GBPJPY Binary Options Insights for March 7th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its horizontal resistance level. The GBP/JPY is expected to accelerate to the downside. Binary option traders are advised to seek binary put options in the GBP/JPY currency pair on rallies above 161.300 on the H1 Hourly Chart. The downside potential for this binary put option is 660 pips to 154.700 while the upside potential is 265 pips to 163.950. This results in a risk/reward ratio of 2.49.

EUR/USD – The EUR/USD reversed direction from its most recent intra-day high of 1.1044 which was recorded on March 4th 2016. The ascending 50 DMA crossed over above the sideways trending 200 DMA which carries a negative bias. The AC suggests a move to the downside due to the formation of a negative divergence in this currency pair as the RSI is trading in neutral conditions following the reversal from extreme overbought territory.

EURUSD Binary Options Insights for March 7th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level while downside pressure is increasing. The EUR/USD is estimated to drift into its 200 DMA from where a breakdown is anticipated. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.0975 on the H1 Hourly Chart. The downside potential for this binary put option is 150 pips to 1.0825 while the upside potential is 70 pips to 1.1045. This results in a risk/reward ratio of 2.14.

Today’s Commodity Trade
Crude Oil – Crude Oil is validating its newly formed horizontal resistance level from where further positive momentum is fading. The 50 DMA continues to trade above the 200 DMA as both moving averages are ascending. The AC favors a move to the downside while upside pressure is receding. The RSI is trading in extreme overbought territory after advancing from neutral conditions; a breakdown is set to precede the directional change.

Crude OIl Today’s 03/07/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level. Crude Oil is anticipated to correct until it can challenge its horizontal support level. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 36.25 on the H1 Hourly Chart. The downside potential for this binary put option is 570 pips to 30.55 while the upside potential is 150 pips to 37.75. This results in a risk/reward ratio of 3.80.

Today’s Equity Index Recommendation
DAX 30 – The DAX 30 has exhausted upside pressure inside of its horizontal resistance level and a corrective phase is anticipated. The ascending 50 DMA maintains its position above the ascending 200 DMA. The AC points towards an acceleration to the downside and the RSI is trading in neutral conditions as a result of the contraction from overbought territory. A binary options review indicates an overweight in put options for this equity index.

DAX 30 Today’s 03/07/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its horizontal resistance level and negative momentum is accumulating. The DAX 30 is expected to reverse to the downside. Binary option traders are advised to seek binary put options in the DAX 30 equity index on rallies above 9,750.00 on the H1 Hourly Chart. The downside potential for this binary put option is 63,000 pips to 9,120.00 while the upside potential is 17,000 pips to 9,920.00. This results in a risk/reward ratio of 3.71.

Key Fundamental Data:

Australia – The AiG Construction Index for February declined to 46.1, slightly down from the previous month’s level of 46.3, and continuing its contractionary path with a reading below 50.0.

Australia – February ANZ job advertisements decreased by 1.2% month-over-month after posting a downward revised increase of 0.9% in the preceding month.

Japan – Consensus estimates for the preliminary January Coincident Index favor a reading of 110.6 and the preliminary Leading Economic Index is called in at 102.3. This would represent a slowdown over the previous month’s level of 110.9 and 102.1 respectively.

Eurozone – Economists anticipate factory orders out of Germany to contract by 0.4% month-over-month and to clock in at 0.0% year-over-year in January following the drop of 0.7% and 2.7% which was printed in December.

Denmark – Expectations for January industrial production call for a growth rate of 0.7% month-over-month and 0.3% year-over-year. This would mark a slowdown over the preceding month’s rise of 2.9% month-over-month, but represent a partial reversal over the 0.8% decrease year-over-year.

Norway – Industrial production for the month of January is favored to contract by 0.3% month-over-month and 1.3% year-over-year, adding to the drop of 0.9% and 2.0% which was reported in December. Manufacturing production is called down by 4.9% year-over-year following the previous year’s plunge of 7.7%.

Eurozone – Consensus estimates for the March Eurozone Sentix Investor Confidence Index call for a level of 8.5 following February’s reading of 6.0.

Mexico – Economists anticipate consumer confidence for the month of February to clock in at 92.00, down a touch from the 92.50 which was printed in the preceding month.

United States – Expectations for the Federal Labor Market Conditions Index favor a level of 0.50 in February. This would mark an increase over January’s reading of 0.40.

United States – January consumer credit is called down to $15.000 billion from the $21.267 billion which was announced 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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