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BINARY OPTIONS INSIGHTS FOR MARCH 15TH 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 15th, 2016 05:37am GMT, London UK

Market Recap & Outlook:

Wholesale price inflation (WPI) out of India decreased by 0.9% in February year-over-year, matching the 0.9% contraction which was printed in the preceding year. Estimates were looking for a smaller drop of 0.3% year-over-year. The WPI Fuel Index plunged by 6.4%, but the WPI Food Index posted an increase of 3.4% following the previous year’s contraction of 9.2% and rise of 6.0% respectively. The WPI Manufacturing Index decreased by 0.6% year-over-year which represented an improvement over the 1.2% drop reported in February of 2015.

The Eurozone reported an increase of 2.1% month-over-month and 2.8% year-over-year in January industrial production. Adding to the positive report was the upward revision to December in order to reflect a contraction of 0.5% and 0.1% respectively. Economists anticipated a smaller rise of 1.7% month-over-month and 1.4% year-over-year. Trading for dummies offers a basic introduction to trading from where a more advanced approach can be taken.

The February producer price index (PPI) out of the United States is estimated to show a contraction of 0.2% month-over-month and an expansion of 0.1% year-over-year following the previous month’s rise of 0.1% and drop of 0.2% respectively. Excluding food and energy, the core PPI is set to increase by 0.1% month-over-month and 1.2% year-over-year. This would represent a slowdown over January’s growth rate of 0.4% month-over-month, but an improvement over the 0.6% increase year-over-year.

Today’s Binary Option Trading Recommendations Overview:
• USD/JPY – Binary Put Option
• EUR/USD – Binary Put Option
• EUR/CHF – Binary Put Option
• Crude Oil – Binary Put Option
• NASDAQ 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
USD/JPY – The USD/JPY is exposed to a build-up in downside pressure provided by its descending resistance level which originated from its intra-day high of 114.444 recorded on March 10th 2016. The ascending 50 Day Moving Average (DMA) continues to trade above the sideways trending 200 DMA. The Accelerator Oscillator (AC) points towards the decrease in positive momentum and the Relative Strength Index (RSI) is trading in neutral conditions as a result of the drift down from overbought territory.

USDJPY  Binary Options Insights for March 15th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its descending resistance level. The USD/JPY is anticipated to contract into its horizontal support level. Binary option traders are advised to seek binary put options in the USD/JPY currency pair on rallies above 113.450 on the H1 Hourly Chart. The downside potential for this binary put option is 125 pips to 112.200 while the upside potential is 45 pips to 113.900. This results in a risk/reward ratio of 2.78.

EUR/USD– The EUR/USD forced a momentum change from positive to negative with the breakdown below its horizontal resistance level. The 50 DMA is descending above the 200 DMA which continues to move to the upside. The AC favors a price action reversal due to the contraction in upside pressure. The RSI is trading in neutral territory following the recovery from oversold conditions; a drop into extreme oversold levels is anticipated.

EURUSD Binary Options Insights for March 15th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level with an increase in negative momentum. The EUR/USD is estimated to drift into its 200 DMA from where more downside is expected. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.1090 on the H1 Hourly Chart. The downside potential for this binary put option is 270 pips to 1.0820 while the upside potential is 105 pips to 1.1195. This results in a risk/reward ratio of 2.57.

EUR/CHF – The EUR/CHF is exposed to a rise in negative momentum after contracting below its horizontal resistance level. The descending 50 DMA maintains its position above the ascending 200 DMA. The AC shows the collapse in positive momentum in this currency pair. The RSI is trading in neutral conditions after ascending from oversold territory; a reversal into extreme oversold levels is favored to emerge.

EURCHF Binary Options Insights for March 15th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below its 50 DMA, but above its 200 DMA. The EUR/CHF is expected to accelerate 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 115 pips to 1.0825 while the upside potential is 50 pips to 1.0990. This results in a risk/reward ratio of 2.30.

Today’s Commodity Trade
Crude Oil – Crude Oil entered a directional change from its intra-day high of 38.99 which was reached on March 11th 2016, leading to a breakdown below its horizontal resistance level. The 50 DMA is moving to the downside and closing in on the 200 DMA which is advancing. The AC suggests an extension of the breakdown with a decrease in positive momentum while the RSI is trading in oversold territory as a result of the bounce higher from a brief drop into extreme oversold conditions.

Crude Oil  Today’s 03/15/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level and downside pressure is accumulating. Crude Oil is anticipated to collapse into its horizontal support level. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 36.50 on the H1 Hourly Chart. The downside potential for this binary put option is 230 pips to 34.20 while the upside potential is 70 pips to 37.20. This results in a risk/reward ratio of 3.29.

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 is validating the strength of its newly formed horizontal resistance level from where a counter-trend move to the downside emerged. The ascending 50 DMA is widening the gap to the ascending 200 DMA. The AC indicates the formation of a negative divergence as the RSI is trading in neutral conditions following the reversal from extreme overbought territory. Many trading companies take positions in this equity index on a daily basis.

NASDAQ 100 Today’s 03/15/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The NASDAQ 100 is estimated to enter a corrective phase. Binary option traders are advised to seek binary put options in the NASDAQ 100 equity index on rallies above 4,340.00 on the H1 Hourly Chart. The downside potential for this binary put option is 11,000 pips to 4,230.00 while the upside potential is 4,000 pips to 4,380.00. This results in a risk/reward ratio of 2.75.

Key Fundamental Data:

Japan – The Bank of Japan (BoJ) kept its basic balance rate unchanged at 0.10%. The macro add-on balance rate was reported at 0.00% and the BoJ policy rate at -0.10% for no change as well.

Australia – The Reserve Bank of Australia (RBA) released minutes from its latest policy meeting where it kept interest rates unchanged at 2.00%. In addition to the minutes, February new motor vehicle sales were reported as contracting by 0.1% month-over-month and rising by 2.3% year-over-year following January’s downward revised increase of 0.4% and upward revised expansion of 5.2% respectively.

Japan – Economists anticipate the final revision to January industrial production to confirm the initially reported increase of 3.7% month-over-month and drop of 3.8% year-over-year after the decrease of 1.7% and 1.9% which was printed in December. The Tertiary Industry Index for the month of January is called up by 0.4% month-over-month, partially reversing the previous month’s contraction of 0.6%.

Eurozone – Expectations for the Dutch trade surplus call for an improvement to €3.7 billion in January from the €3.1 billion surplus which was reported in December. Retail sales are set to increase by 1.2% year-over-year, down from the 3.3% rise reported in the previous year.

Eurozone – The final revision to the French consumer price Index (CPI) for February is expected to confirm the previously announced increase of 0.2% month-over-month and decrease of 0.2% year-over-year after the increase of 1.0% and 0.2% which was reported in January. The EU Harmonized CPI is also favored to remain unchanged from the previously printed expansion of 0.3% month-over-month and drop of 0.1% year-over-year following the preceding month’s plunge of 1.1% and rise of 0.3%.

Eurozone – Economists anticipate the Italian final February CPI revision to remain unchanged at a decrease of 0.2% month-over-month and 0.3% year-over-year. This would match the previous month’s drop of 0.2% month-over-month and reverse the 0.3% rise year-over-year. The EU Harmonized CPI is called in at a contraction of 0.4% month-over-month and 0.2% year-over-year for no change from the previously printed contraction and after January’s decrease of 2.2% and rise of 0.4% respectively.

Eurozone – Expectations for the fourth-quarter of 2015 employment change favor a growth rate of 0.3% quarter-over-quarter and 1.1% year-over-year, matching the preceding quarter’s expansion.

United States – Consensus estimates for February advanced retail sales call for a decrease of 0.1% month-over-month and excluding autos by 0.2%. This would follow January’s rise of 0.2% and 0.1%. Retail sales excluding autos and gas as well as retail sales in the control group are called up by 0.2% month-over-month, down from the previous month’s increase of 0.4% and 0.6% respectively.

United States – The New York Manufacturing Index for the month of March is called in at -11.50 after the -16.64 which was reported in February.

United States – Economists anticipate the March NAHB Housing Market to rise to 59 from the 58 reported in February. January business inventories are called in at 0.0%, down from the 0.1% increase reported in December.

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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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