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BINARY OPTIONS INSIGHTS FOR MARCH 9TH 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 9th, 2016 08:32am GMT, London UK

Market Recap & Outlook:

The preliminary fourth-quarter gross domestic product (GDP) out of the Eurozone showed a growth rate of 0.3% quarter-over-quarter and 1.6% year-over-year. Economists anticipated no change from the previously reported expansion of 0.3% and 1.5% respectively. Gross Fixed Capital rose by 1.3% as Government Expenditure increased by 0.6%, up from the initial GDP report which showed an increase of 0.4% and 0.3%. Household Consumption clocked in at a rise of 0.2% following the previous report’s growth rate of 0.5%.

Canada reported an increase of 212,600 housing starts in February, up from January’s downward revised level of 165,100 and above the 180,000 which was expected. January building permits slumped by 9.8% in January month-over-month, worse than the 2.3% drop anticipated and reversing the majority of the 11.3% surge announced in the previous month. Binary option prices react to fundamental news and technical traders need to take that into account.

The Energy Information Agency (EIA) out of the United States will release its inventory report for the week ending March 4th 2016. Crude oil inventories are favored to increase by 800,000 barrels after surging by 10,374,000 barrels in the previous week. Gasoline inventories are set to decrease by 1,245,700 barrels following the preceding week’s drawdown of 1,468,000 barrels. Crude oil is estimated to witness a spike in volatility after the release of today’s inventory report.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Put Option
• EUR/JPY – Binary Put Option
• EUR/GBP – Binary Call Option
• Crude Oil – Binary Put Option
• FTSE 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD has depleted positive momentum inside of its horizontal resistance level with a sideways trend and has now pushed below of it. The flat 50 Day Moving Average (DMA) continues to trade above the ascending 200 DMA. The Accelerator Oscillator (AC) indicates the build-up in downside pressure while the Relative Strength Index (RSI) is trading in neutral conditions as a result of the decrease from overbought territory.

AUDUSD  Binary Options Insights for March 9th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below 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 85 pips to 0.7485. This results in a risk/reward ratio of 3.41.

EUR/JPY – The EUR/JPY is descending inside of its bearish price channel after completing a breakdown below its horizontal resistance level. The 50 DMA is moving to the downside and closing in on the 200 DMA which is trending sideways with a negative bias. The AC favors further downside as negative momentum is expanding. The RSI is trading in extreme oversold territory following the drop down from overbought conditions.

EURJPY  Binary Options Insights for March 9th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its bearish price channel. The EUR/JPY is estimated to be guided lower into its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/JPY currency pair on rallies above 123.500 on the H1 Hourly Chart. The downside potential for this binary put option is 145 pips to 122.050 while the upside potential is 50 pips to 124.000. This results in a risk/reward ratio of 2.90.

EUR/GBP – The EUR/GBP forced a momentum change from negative to positive with the breakout above its horizontal support level. The sideways drifting 50 DMA carries a positive bias, but remains below the descending 200 DMA. The AC suggests an extension of the breakout due to the accumulation in upside pressure as the RSI is trading in neutral conditions after plunging from extreme overbought territory.

EURGBP  Binary Options Insights for March 9th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level, but below of its 50 DMA. The EUR/GBP is expected to move back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7750 on the H1 Hourly Chart. The upside potential for this binary call option is 155 pips to 0.7905 while the downside potential is 60 pips to 0.7690. This results in a risk/reward ratio of 2.58.

Today’s Commodity Trade
Crude Oil – Crude Oil is exposed to an increase in downside momentum following the contraction below its horizontal resistance level. The 50 DMA is trading above the 200 DMA and both moving averages are advancing. The AC shows the loss in positive pressure for this commodity and the RSI is trading in neutral territory as a result of the reversal from oversold conditions; a drop into extreme oversold levels is favored.

Crude Oil  Today’s 03/09/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below 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 36.25 on the H1 Hourly Chart. The downside potential for this binary put option is 395 pips to 32.30 while the upside potential is 125 pips to 37.50. This results in a risk/reward ratio of 3.16.

Today’s Equity Index Recommendation
FTSE 100 – The FTSE 100 entered a sideways trend below its horizontal resistance level from where negative pressure is building up. The descending 50 DMA is narrowing the gap to the ascending 200 DMA. The AC points towards the formation of a negative divergence prior to the breakdown below its horizontal resistance level. The RSI is trading in neutral conditions following the advance from oversold territory. Educational books focused on stock options explained often cover index options as well.

FTSE 100 Today’s 03/07/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level and downside momentum is expanding. The FTSE 100 is estimated to enter a counter-trend move lower. Binary option traders are advised to seek binary put options in the FTSE 100 equity index on rallies above 6,100.00 on the H1 Hourly Chart. The downside potential for this binary put option is 25,500 pips to 5,845.00 while the upside potential is 12,000 pips to 6,220.00. This results in a risk/reward ratio of 2.13.

Key Fundamental Data:

Australia – The Westpac Consumer Confidence Index for the month of March decreased by 2.2% to 99.1 after expanding by 4.2% to 101.3 in February.

Australia – January home loans posted a contraction of 3.9% following the upward revised expansion of 2.7% which was printed in the previous month. Investment lending dropped by 1.6% while the value of loans decreased by 4.3% month-over-month after the downward revised contraction of 0.1% and 0.2% in December respectively.

Eurozone – Expectations for the Finish trade balance call for a deficit of €83.20 million in January. This would mark a spike over the previous month’s deficit of €0.34 million.

United Kingdom – Economists anticipate January industrial production to increase by 0.4% month-over-month and to come in at 0.0% year-over-year after contracting by 1.1% and 0.4% in December. Manufacturing production is called up by 0.2% month-over-month and down by 0.7% year-over-year following the decrease of 0.2% and 1.7% which was printed in the preceding month.

Eurozone – Consensus estimates for the Greek trade deficit favor an increase to €1.70 billion in January from the €1.56 billion deficit which was announced in December.

Brazil – The consumer price index (CPI) for the month of February is favored to expand by 1.0% month-over-month and 10.4% year-over-year after the previous month’s increase of 1.4% and 10.7% respectively.

United States – Expectations for Mortgage Bankers Association (MBA) mortgage applications for the week ending March 4th 2016 call for a drop of 1.2%, adding to the 4.8% decrease reported in the previous week.

Mexico – Economists anticipate the February CPI to rise by 0.5% month-over-month and 2.9% year-over-year, up from January’s expansion of 0.4% and 2.6%.

Canada – Consensus estimates for the Bank of Canada (BoC) interest rate decision favor no change from the current interest rate of 0.50%.

United Kingdom – The NIESR gross domestic product (GDP) estimate for the three-month period ending in February is set to show a growth rate of 0.4%, matching the 0.4% rise which was reported in the previous month.

United States – Expectations for wholesale inventories for the month of January call for a decrease of 0.2% month-over-month and wholesale trade sales are anticipated to contract by 0.3%. This would follow December’s drop of 0.1% and 0.3% 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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