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BINARY OPTIONS INSIGHTS FOR MARCH 8TH 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 8th, 2016 08:32am GMT, London UK

Market Recap & Outlook:

The preliminary Coincident Index for the month of January out of Japan clocked in at 113.8 while the preliminary Leading Economic Index was reported at 101.4. This represented an increase over December’s reading of 110.9 and downward revised level of 101.8 respectively. Economists anticipated the preliminary Coincident Index at 110.6 and the preliminary Leading Economic Index at 102.3. The Japanese Yen was pushed to the downside following the release of this economic indicator.

The Eurozone released its highly expected Sentix Investor Confidence Index for March which posted a surprise decrease of 0.5 points to 5.5 from the previous month’s level of 6.0. Consensus estimates called for an increase of 2.5 points to 8.5. This forward looking indicator confirmed that the first-quarter of 2016 is filled with fear and doubt about economic performance on a global scale; a trend which is likely to carry over into the second-quarter of this year.

Switzerland will reports its February consumer price index (CPI) which is favored to show a contraction of 0.1% month-over-month and 1.1% year-over-year. This would mark a decrease in deflationary pressures over the drop of 0.4% and 1.3% which was printed in January respectively. What is option trading? Option trading refers to derivative assets which have a set expiry time and date; this requires a different trading approach as compared to more traditional assets which are open ended.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Put Option
• EUR/CHF – Binary Put Option
• USD/CAD – Binary Call Option
• Gold – Binary Put Option
• Nikkei 225 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD is testing the strength of its horizontal resistance level from where a price action reversal is anticipated. The 50 Day Moving Average (DMA) is advancing and remains above the 200 DMA which is moving higher as well. The Accelerator Oscillator (AC) shows the accumulation in negative pressure as the Relative Strength Index (RSI) is trading in neutral territory following the reversal from overbought conditions.

NZDUSD Binary Options Insights for March 8th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level. The NZD/USD is expected to correct to the downside from current levels. Binary option traders are advised to seek binary put options in the NZD/USD currency pair on rallies above 0.6760 on the H1 Hourly Chart. The downside potential for this binary put option is 195 pips to 0.6565 while the upside potential is 60 pips to 0.6820. This results in a risk/reward ratio of 3.25.

EUR/CHF – The EUR/CHF advanced from its horizontal support level into its horizontal resistance level from where a breakout is unlikely to follow. The ascending 50 DMA crossed above the ascending 200 DMA. The AC points towards the formation of a negative divergence. The RSI is trading in neutral conditions after descending from extreme overbought territory which added to the rise in downside momentum.

EURCHF Binary Options Insights for March 8th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading just below of its horizontal resistance level as negative pressure is building up. The EUR/CHF is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.0940 on the H1 Hourly Chart. The downside potential for this binary put option is 130 pips to 1.0810 while the upside potential is 50 pips to 1.0990. This results in a risk/reward ratio of 2.60.

USD/CAD – The USD/CAD is depleting downside pressure inside of its horizontal support level from where a counter-trend advance is anticipated. The 50 DMA is trading below the 200 DMA and both moving averages are descending. The AC favors and advance due to the formation of a positive divergence in this currency pair. The RSI is trading in neutral territory as a result of the recovery from extreme oversold conditions.

USDCAD  Binary Options Insights for March 8th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. The USD/CAD is estimated to accelerate to the upside until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3340 on the H1 Hourly Chart. The upside potential for this binary call option is 395 pips to 1.3735 while the downside potential is 185 pips to 1.3155. This results in a risk/reward ratio of 2.14.

Today’s Commodity Trade
Gold – Gold forced a momentum change from positive to negative with the breakdown below its horizontal resistance level. The ascending 50 DMA is widening the gap to the ascending 200 DMA. The AC indicates the contraction in upside momentum while the RSI is trading in neutral conditions following the move lower from overbought territory. A binary trading system is recommended in order to avoid mistakes guided by emotional trading.

Gold Today’s  03/08/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level with a rise in downside pressure. Gold is expected to contract back down into its horizontal support level. Binary option traders are advised to seek binary put options in Gold on rallies above 1,260.00 on the H1 Hourly Chart. The downside potential for this binary put option is 4,850 pips to 1,211.50 while the upside potential is 1,975 pips to 1,279.75. This results in a risk/reward ratio of 2.46.

Today’s Equity Index Recommendation
Nikkei 225 – The Nikkei 225 reversed direction from its intra-day high of 17,165.0 which was recorded on March 4th 2016. The 50 DMA is drifting lower, but maintains its position above the 200 DMA which is ascending. The AC suggests a continuation of the move to the downside due to the decrease in positive momentum while the RSI is trading in oversold territory after dropping from neutral conditions; a drop into extreme oversold levels is expected.

Nikkei 225 Today’s 03/08/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The Nikkei 225 is anticipated to descend into its horizontal support level. Binary option traders are advised to seek binary put options in the Nikkei 225 equity index on rallies above 16,600.0 on the H1 Hourly Chart. The downside potential for this binary put option is 95,500 pips to 15,645.0 while the upside potential is 31,000 pips to 16,910.0. This results in a risk/reward ratio of 3.08.

Key Fundamental Data:

Japan – The final revision to the fourth-quarter gross domestic product (GDP) showed a contraction of 0.3% quarter-over-quarter and 1.1% year-over-year, reversing the third-quarter’s growth rate of 0.3% and 1.3% respectively. Private consumption showed a contraction of 0.9% as business spending rose by 1.5%. The GDP Deflator expanded by 1.5% year-over-year.

Japan– The current account surplus for the month of January was reported at ¥520.8 billion and the trade deficit clocked in at ¥411.0 billion. This followed December’s current account surplus of ¥960.7 billion and trade surplus of ¥188.7 billion. Consensus estimates called for a surplus of ¥700.0 billion and a deficit of ¥530.0 billion respectively.

Japan – Bank lending for the month of February expanded by 2.2% year-over-year and bank lending excluding trusts by 2.2%, down from the previous year’s rise of 2.3% and 2.4%.

United Kingdom – BRC Like-for-Like Sales rose by 0.1% in February year-over-year, down from the preceding year’s growth rate of 2.6%. Economists anticipated an increase of 0.5%.

Australia – NAB Business Confidence was reported at a level of 3 for the month of February while NAB Business Conditions came in at 8 after January’s upward revised reading of 3 and unrevised level of 5.

Japan – Expectations for the February Consumer Confidence Index favor a decrease of 0.3 points to 42.2 from the 42.5 which was reported in the previous month.

Japan – Economists anticipate an increase of 0.9 points to 47.5 in the Eco-Watchers Current Index for February from January’s reading of 46.6. The Eco-Watchers Outlook Index is expected to decrease by 0.2 points in February to 49.3 from the previous month’s level of 49.5.

Switzerland – The Swiss unemployment rate is set to remain unchanged in February from the 3.8% unemployment rate which was printed in January.

Eurozone – Consensus estimates for January industrial production out of Germany favor a rise of 0.5% month-over-month and a drop of 1.6% year-over-year after December’s contraction of 1.2% and 2.2%.

Eurozone – Expectations for the preliminary fourth-quarter GDP call for an increase of 0.3% quarter-over-quarter and 1.5% year-over-year which would confirm the previously reported growth rate. Gross Fixed Capital is anticipated to rise by 0.6%, up from the initially printed figure of 0.0%. Government Expenditure is estimated to expand by 0.4% while Household Consumption is favored to increase by 0.3%, down from the previously announced rise of 0.6% and 0.4% respectively.

United States – Economists anticipate the February NFIB Small Business Optimism Index to clock in at 91.0, down from the previous month’s level of 93.9.

Canada – Housing starts for the month of February are estimated at 181,500 as January building permits are called down by 0.8% month-over-month after the previous report’s level of 165,900 and surge of 11.3% respectively.

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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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