+1 (866)-882-6854
+ 44 203-807-1675
Chat
21:20:05 GMT
Black & White

BINARY OPTIONS INSIGHTS FOR MARCH 10TH 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
X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
March 10th, 2016 08:32am GMT, London UK

Market Recap & Outlook:

The United States released its Mortgage Banker Association (MBA) mortgage applications for the week ending March 4th 2016 which posted a surprise increase of 0.2%. Economists anticipated a decrease of 1.2% following the 4.8% drop which was reported for the week ending February 26th 2016. The 30-Year MBA mortgage rate clocked in at 3.89% as expectations called for no change from the previous week’s rate of 3.83%. A trading station connects the trader to the market from where orders can be placed.

The Bank of Canada (BoC) kept interest rates unchanged at 0.50% which was anticipated by economists. The Canadian central bank stated it will await measures taken to stimulate the economy which will be released in the next budget report. While oil prices continue to sting economic performance, inflation remains as expected and growth was noted to have finished 2015 on a higher note. The Canadian Dollar was pushed higher following the announcement.

The European Central Bank (ECB) will announce the decision of it latest policy meeting. The interest rate is expected to remain unchanged at 0.05% and so is the marginal lending facility rate at 0.30%. The deposit facility rate is favored to be cut by 10 basis points to -0.40% from its current level of -0.30%. The quantitative easing program is set to be boosted by €10 billion to €70 billion per month from the rate of €60 billion which is currently in place.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Call Option
• EUR/CHF – Binary Put Option
• USD/CAD – Binary Call Option
• Platinum – Binary Put Option
• NASDAQ 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD has stabilized from its plunge after touching its ascending support level which originated from its intra-day low of 0.6571 reached on March 1st 2016. The 50 Day Moving Average (DMA) is drifting lower, but maintains its positions above the 200 DMA which is trending sideways. The Accelerator Oscillator (AC) shows the contraction in negative momentum. The Relative Strength Index (RSI) is trading in extreme oversold territory following the move lower from overbought conditions.

NZDUSD  Binary Options Insights for March 10th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading above of its ascending support level. The NZD/USD is expected to recover into its horizontal resistance level. Binary option traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6650 on the H1 Hourly Chart. The upside potential for this binary call option is 170 pips to 0.6820 while the downside potential is 80 pips to 0.6570. This results in a risk/reward ratio of 2.13.

EUR/CHF – The EUR/CHF advanced from its horizontal support level into its horizontal resistance level from where a price action reversal started to emerge. The sideways drifting 50 DMA carries a negative bias, but continues to trade above the ascending 200 DMA. The AC points towards the accumulation in downside pressure while the RSI is trading in oversold conditions after briefly spiking into extreme overbought territory; a drop into extreme oversold levels is expected.

EURCHF  Binary Options Insights for March 10th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level as negative momentum is on the rise. The EUR/CHF is anticipated to enter a counter-trend move to the downside. 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 60 pips to 1.1000. This results in a risk/reward ratio of 2.17.

USD/CAD – The USD/CAD plunged from its intra-day high of 1.3429 which was recorded yesterday on March 9th 2016 into its horizontal support level from where downside pressure is being depleted. The 50 DMA is trading below the 200 DMA and both moving averages are descending. The AC favors a reversal from current levels due to the increase in positive momentum. The RSI is trading in oversold territory as a result of the breakout from extreme oversold conditions.

USDCAD  Binary Options Insights for March 10th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading just above of its horizontal support level. The USD/CAD is estimated to drift into its 50 DMA from where a breakout is anticipated. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3290 on the H1 Hourly Chart. The upside potential for this binary call option is 295 pips to 1.3585 while the downside potential is 135 pips to 1.3155. This results in a risk/reward ratio of 2.19.

Today’s Commodity Trade
Platinum – Platinum forced a momentum change from positive to negative with the breakdown below its horizontal resistance level. The descending 50 DMA is narrowing the gap to the ascending 200 DMA. The AC indicates the loss in upside pressure as the RSI is trading in neutral conditions following the advance from extreme oversold territory. Some traders decide to organize in a trading room from where they manage their accounts and exchange ideas.

Platinum  Today’s 03/10/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level as well as below of its 50 DMA. Platinum is expected to contract until it can challenge its horizontal support level. Binary option traders are advised to seek binary put options in Platinum on rallies above 970.0 on the H1 Hourly Chart. The downside potential for this binary put option is 6,150 pips to 908.5 while the upside potential is 2,250 pips to 992.5. This results in a risk/reward ratio of 2.73.

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 is being pressured to the downside by its descending resistance level which formed from its intra-day high of 4,356.25 reached on March 4th 2016. The 50 DMA is moving lower and crossed below the 200 DMA which is ascending. The AC suggests further downside as negative momentum is increasing and the RSI is trading in neutral territory after bouncing higher from oversold conditions.

NASDAQ 100  Today’s 03/10/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its descending resistance level. The NASDAQ 100 is anticipated to drop down into its horizontal support level. Binary option traders are advised to seek binary put options in the NASDAQ 100 equity index on rallies above 4,280.00 on the H1 Hourly Chart. The downside potential for this binary put option is 9,800 pips to 4,182.00 while the upside potential is 3,000 pips to 4,310.00. This results in a risk/reward ratio of 3.27.

Key Fundamental Data:
New Zealand – The Reserve Bank of New Zealand (RBNZ) unexpectedly cut its benchmark interest rate by 25 basis points to 2.25%; expectations called for no change from 2.50%.

Japan – Investors purchased ¥1,537.9 billion worth of foreign bonds and ¥252.4 billion worth of foreign stocks in the week ending March 4th 2016. This followed the previous week’s addition of ¥933.8 billion and ¥382.3 billion respectively. The Domestic Corporate Goods Price Index for February decreased by 0.2% month-over-month and 3.4% year-over-year following January’s contraction of 1.0% and 3.2%.

Philippines – Industrial production for the month of January sky-rocketed by 26.5% year-over-year after decreasing by 2.6% in the preceding year. Consensus estimates favored a drop of 3.0%.

South Korea – The Bank of Korea announced its latest interest rate decision where it decided to keep rates on hold at 1.50%.

China – The February consumer price index (CPI) clocked in at 2.3% while the producer price index (PPI) was reported at -4.9%, following the previous year’s increase of 1.8% and contraction of 5.3%.

Eurozone – Consensus estimates for the Dutch CPI favor an increase of 0.4% in February year-over-year, down from the previous year’s expansion of 0.6%.

Eurozone – Industrial production out of Finland is set to decrease by 0.7% in January year-over-year, reversing the rise of 0.5% which was announced in the preceding year.

Eurozone – Economists anticipate the German current account surplus as well as budget surplus for the month of January to come in at €17.0 billion. This would mark a slowdown over the previous month’s surplus of €19.0 billion and €25.6 billion respectively. Exports and imports are both called up by 0.8% month-over-month after exports decreased by 1.4% and imports dropped by 1.6% in December.

Eurozone – French January industrial production is favored to expand by 0.8% month-over-month and 2.4% year-over-year following the previous month’s contraction of 1.6% and increase of 2.0%.

Eurozone – Expectations for retail sales out of Spain for January call for a growth rate of 0.4% month-over-month and 2.2% year-over-year after rising by 0.2% and 2.2% in December.

Eurozone – The Irish CPI for the month of February is anticipated to contract by 0.9% month-over-month and 0.3% year-over-year. This would mark a rise in deflationary pressures over the previous month’s drop of 0.9% and increase of 0.1% respectively.

Canada – Consensus estimates for the January New Housing Price Index favor a rise of 0.2% month-over-month and 1.8% year-over-year, up from December’s growth rate of 0.1% and 1.6%.

United States – Initial jobless claims for the week ending March 5th 2016 are called down by 3,000 to 275,000 and continuing claims for the week ending February 27th 2016 are set to drop by 5,000 to 2,252,000.

Share Button
Adam Stone
Follow me

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
Follow me

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store