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BINARY OPTIONS INSIGHTS FOR MARCH 11TH 2016

GBP/USD 1.25030 20:50 23.01
ALIBABA 98.255 20:45 23.01
GBP/USD 1.25057 20:40 23.01
BitCoin/CNY 6351.435 20:30 23.01
WELLS FARGO 54.405 20:30 23.01
TOYOTA (US) 118.250 20:30 23.01
COLGATE-PALMOLIVE 67.585 20:30 23.01
FERRARI 61.165 20:30 23.01
TSX 60 916.940 20:30 23.01
ALIBABA 98.210 20:30 23.01
BOEING 157.820 20:30 23.01
AUD/USD 0.75746 20:30 23.01
AUD/JPY 85.603 20:30 23.01
GBP/USD 1.25058 20:30 23.01
GENERAL ELECTRIC 29.645 20:30 23.01
S&P 500 2264.620 20:30 23.01
JP MORGAN CHASE 83.745 20:30 23.01
SILVER 17.171 20:30 23.01
AIG 65.535 20:30 23.01
USD/CAD 1.32506 20:30 23.01
GOLD 1215.815 20:30 23.01
DOW 19792.84 20:30 23.01
AUD/CAD 1.00366 20:30 23.01
DOLLAR INDEX-MAR17 100.135 20:30 23.01
3M 178.245 20:30 23.01
GOLD VS SILVER 70.8022 20:30 23.01
CITIGROUP 55.895 20:30 23.01
CITIGROUP VS AIG 0.85303 20:30 23.01
McDONALD'S 121.320 20:30 23.01
LAS VEGAS SANDS 55.485 20:30 23.01
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By: Adam Stone
March 11th, 2016 05:37am GMT, London UK

Market Recap & Outlook:

Industrial production out of Finland plunged by 2.0% in January year-over-year, well below the estimated contraction of 0.7% and following the previous year’s increase of 0.5%. French industrial production showed a growth rate of 1.3% month-over-month and 1.9% year-over-year after December’s decrease of 0.6% and rise of 2.0% respectively. Expectations called for an expansion of 0.8% and 2.4%. A binary options trading strategy will guide traders through the market and identify profitable trades.

The capacity utilization rate out of Canada for the fourth-quarter decreased to 81.1% while the third-quarter was revised down to 81.6%. Consensus estimates favored a reading of 81.7%. The January New Housing Price Index expanded by 0.1% month-over-month and 1.8% year-over-year. This matched the previous month’s rise of 0.1% month-over-month, but marked an improvement over the 1.6% expansion year-over-year. Expectations favored an increase of 0.2% and 1.8% respectively.

Consensus estimates for the final revision to the January German consumer price index (CPI) call for a confirmation of the previously reported increase of 0.4% month-over-month and 0.0% year-over-year from January’s contraction of 0.8% and rise of 0.5% respectively. The EU Harmonized CPI is also expected to remain unchanged from the 0.4% growth rate month-over-month and 0.2% contraction year-over-year following the previous month’s decrease of 0.2% and rise of 0.4%.

Today’s Binary Option Trading Recommendations Overview:
• EUR/JPY – Binary Put Option
• GBP/USD – Binary Put Option
• USD/CAD – Binary Call Option
• Silver – Binary Put Option
• EuroStoxx 50 – Binary Put Option

Currency Pairs on today’s Radar Screen:
EUR/JPY – The EUR/JPY spiked from its intra-day low of 123.646 which was recorded yesterday on March 10th 2016 into its horizontal resistance level. The ascending 50 Day Moving Average (DMA) is increasing the distance to the ascending 200 DMA. The Accelerator Oscillator (AC) indicates the reversal from the peak in upside momentum and the Relative Strength Index (RSI) is trading in overbought conditions as a result of the drop down from extreme overbought territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level. The EUR/JPY is estimated to retreat into its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/JPY currency pair on rallies above 126.500 on the H1 Hourly Chart. The downside potential for this binary put option is 375 pips to 122.750 while the upside potential is 165 pips to 128.150. This results in a risk/reward ratio of 2.27.

EURJPY

GBP/USD – The GBP/USD is testing the strength of its horizontal resistance level from where a price action reversal is anticipated. The 50 DMA is advancing and maintains its positions above the 200 DMA which is moving higher as well. The AC shows the collapse in upside pressure for this currency pair. The RSI is trading in neutral territory following the contraction from overbought conditions; a decrease into oversold levels is estimated to follow.

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading just below of its horizontal resistance level and negative pressure is on the rise. The GBP/USD is expected to accelerate to the downside. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.4260 on the H1 Hourly Chart. The downside potential for this binary put option is 360 pips to 1.3900 while the upside potential is 140 pips to 1.4400. This results in a risk/reward ratio of 2.57.

GBPUSD

USD/CAD – The USD/CAD forced a momentum change from negative to positive with the breakout above its horizontal support level. The descending 50 DMA continues to trade below the descending 200 DMA. The AC suggests an extension of the breakout due to the increase in positive momentum as the RSI is trading in neutral conditions after reversing from overbought territory; an advance into extreme overbought levels is expected.

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 USD/CAD is anticipated to advance into its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3310 on the H1 Hourly Chart. The upside potential for this binary call option is 235 pips to 1.3545 while the downside potential is 80 pips to 1.3230. This results in a risk/reward ratio of 2.94.

USDCAD

Today’s Commodity Trade
Silver – Silver is being pressured to the downside by its descending resistance level which can trace its origin to its intra-day high of 15.795 reached on March 7th 2016. The 50 DMA is moving to the upside and keeping its distance to the 200 DMA which is also drifting higher. The AC points towards the retreat from the peak in positive momentum while the 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 now trading below of its horizontal resistance level and below of its descending resistance level. Silver is estimated to enter a counter-trend move into its horizontal support level. Binary option traders are advised to seek binary put options in Silver on rallies above 15.500 on the H1 Hourly Chart. The downside potential for this binary put option is 75 pips to 14.750 while the upside potential is 30 pips to 15.800. This results in a risk/reward ratio of 2.50.

Silver

Today’s Equity Index Recommendation
EuroStoxx 50 – The EuroStoxx 50 is exposed to a surge in negative pressure as a result of the plunge below its horizontal resistance level. The descending 50 DMA remains above the advancing 200 DMA, but is narrowing the gap to it. The AC favors more downside due to the collapse in upside momentum. The RSI is trading in neutral conditions following the move up from oversold territory. Future trading in this equity index shows an overweight in put options.

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its 50 DMA and above of its 200 DMA. The EuroStoxx 50 is expected to contract further from current levels. Binary option traders are advised to seek binary put options in the EuroStoxx 50 equity index on rallies above 2,960.0 on the H1 Hourly Chart. The downside potential for this binary put option is 16,000 pips to 2,800.0 while the upside potential is 5,000 pips to 3,010.0. This results in a risk/reward ratio of 3.20.

EuroStoxx 50

Key Fundamental Data:

New Zealand – The Business NZ Performance of Manufacturing Index for February clocked in at 56.0 following the previous month’s upward revised level of 58.0. Food prices decreased by 0.6% month-over-month after rising by 2.0% in January.

Japan – The BSI Large All Industry Index for the first-quarter of 2016 was reported at -3.2 while the BSI Large Manufacturing Index came in at -7.9, down from the fourth-quarter of 2015 which showed a reading of 4.6 and 3.8 respectively.

Malaysia – January industrial production rose by 3.2% year-over-year, up from the previous year’s increase of 2.7%. Economists anticipated a rise of 2.1%.

Eurozone – Expectations for Dutch manufacturing production favor a growth rate of 1.0% in January year-over-year following the 2.4% expansion printed in the preceding year.

Eurozone – Consensus estimates for the final consumer price index (CPI) revision out of Spain favor no change from the originally reported contraction of 0.3% month-over-month and 0.8% year-over-year for February. This would mark a slowdown in deflationary pressures over January’s plunge of 1.9% month-over-month, but a pick-up over the 0.3% decrease year-over-year. The EU Harmonized CPI is called in at a drop of 0.4% month-over-month and 0.9% year-over-year for no change from the previously reported decrease. This would follow January’s contraction of 2.5% and 0.4% respectively.

Eurozone – Industrial production for the month of January out of Italy is set to expand by 0.6% month-over-month and 0.5% year-over-year, partially reversing the decrease of 0.7% and 1.0% which was reported in the previous month.

United Kingdom – Economists anticipate the January trade deficit to increase to £3.000 billion from December’s deficit of £2.709 billion. The visible trade deficit is estimated at £10.300 billion while the non-EU deficit is expected at £2.650 billion following the previous month’s deficit of £9.917 billion and £2.357 billion respectively.

United Kingdom – Consensus estimates for construction output in January call for a rise of 0.2% month-over-month and a decrease of 1.7% year-over-year after expanding by 1.5% and 0.5% in December.

Eurozone – Greek industrial production for the month of January is anticipated to slow to an increase of 3.5% year-over-year from the previous year’s growth rate of 5.2%.

Canada – Expectations for the February employment report favor the creation of 10,000 jobs and an unemployment rate of 7.2%. This would follow January’s loss of 5,700 jobs and unemployment rate of 7.2%. The labor force participation rate is called down to 65.8% from the previous month’s level of 65.9%. 5,700 full-time positions are estimated to be lost while 15,700 part-time positions to be created.

United States – Economists anticipate the import price index for February to post a contraction of 0.8% month-over-month and 6.6% year-over-year following January’s drop of 1.1% and 6.2% 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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