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BINARY OPTIONS INSIGHTS FOR MARCH 16TH 2016

BitCoin/CNY 6263.480 23:00 17.01
NZD/JPY 81.341 23:00 17.01
AUD/USD 0.75578 23:00 17.01
AUD/JPY 85.251 23:00 17.01
EUR/JPY 120.804 23:00 17.01
USD/JPY 112.794 23:00 17.01
EUR/USD 1.07108 23:00 17.01
AUD/NZD 1.04809 23:00 17.01
NZD/USD 0.72115 23:00 17.01
CAD/JPY 86.467 23:00 17.01
GBP/JPY 139.897 23:00 17.01
BitCoin/CNY 6264.060 22:30 17.01
NZD/JPY 81.294 22:30 17.01
AUD/USD 0.75594 22:30 17.01
AUD/JPY 85.194 22:30 17.01
EUR/JPY 120.721 22:30 17.01
EUR/USD 1.07112 22:30 17.01
USD/JPY 112.707 22:30 17.01
BitCoin/CNY 6191.350 22:00 17.01
AUD/NZD 1.04843 22:00 17.01
NZD/USD 0.72165 22:00 17.01
CAD/JPY 86.347 22:00 17.01
NZD/JPY 81.262 22:00 17.01
AUD/USD 0.75675 22:00 17.01
AUD/JPY 85.208 22:00 17.01
GBP/JPY 139.822 22:00 17.01
EUR/JPY 120.657 22:00 17.01
USD/JPY 112.621 22:00 17.01
EUR/USD 1.07137 22:00 17.01
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By: Adam Stone
March 16th, 2016 05:37am GMT, London UK

Market Recap & Outlook:

The final revision to January industrial production out of Japan showed an expansion of 3.7% month-over-month and a contraction of 3.8% year-over-year which matched the previously reported data following December’s drop of 1.7% and 1.9% respectively. Capacity utilization rose by 2.0% month-over-month, reversing the 1.0% decrease which was printed in the preceding month. The Tertiary Industry Index surged by 1.5% month-over-month, eclipsing estimates calling for a rise of 0.3% after December’s drop of 0.6%.

The Netherlands reported an increase in its January trade surplus to €4.48 billion, well above expectations for an increaser to €3.70 billion and above December’s upward revised surplus of €3.60 billion. Retail sales for the same month contracted by 1.8% year-over-year. This missed estimates for a growth rate of 1.2% following the previous year’s downward revised increase of 3.2%. The Euro remained stable near elevated levels after last week’s ECB induced advance.

United States housing starts for the month of February are anticipated to expand by 4.6% to 1,150,000 units while building permits are estimated to post a contraction of 0.2% to 1,200,000 permits. This would represent a reversal over the previous month’s drop of 3.8% in housing starts to 1,099,000 units and match the 0.2% decrease in building permits to 1,202,000. A binary options contract overview shows an overweight in put options for the US Dollar.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Call Option
• GBP/JPY – Binary Call Option
• USD/CAD – Binary Put Option
• Gold – Binary Call Option
• FTSE 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD plunged from its intra-day high of 0.6773 which was reached on March 11th 2016 into its horizontal support level. The 50 Day Moving Average (DMA) is trending lower and widening the gap to the 200 DMA which is descending at a slower pace. The Accelerator Oscillator (AC) favors a price action reversal due to the emergence of a positive divergence. The Relative Strength Index (RSI) is trading in oversold territory following the recovery from extreme oversold conditions.

NZDUSD  Binary Options Insights for March 16th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. The NZD/USD is estimated to drift into its 50 DMA from where a breakout is favored. Binary option traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6610 on the H1 Hourly Chart. The upside potential for this binary call option is 210 pips to 0.6820 while the downside potential is 65 pips to 0.6545. This results in a risk/reward ratio of 3.23.

GBP/JPY – The GBP/JPY contracted from its horizontal resistance level into its horizontal support level from where a counter-trend advance started to develop. The descending 50 DMA is closing in on the sideways trending 200 DMA which carries a negative bias. The AC points towards the accumulation in upside pressure as the RSI is trading in oversold conditions after advancing from extreme oversold territory which added to the rise in positive momentum.

GBPJPY  Binary Options Insights for March 16th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is presently above of its horizontal support level and downside pressure is fading. The GBP/JPY is expected to accelerate to the upside. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 160.400 on the H1 Hourly Chart. The upside potential for this binary call option is 370 pips to 164.100 while the downside potential is 165 pips to 158.750. This results in a risk/reward ratio of 2.24.

USD/CAD – The USD/CAD is being pressured to the downside by its descending resistance level which originated from its intra-day high of 1.3471 recorded on March 4th 2016. The 50 DMA is ascending and decreasing the distance to the 200 DMA which is drifting lower. The AC suggests a contraction from current levels with an increase in negative pressure. The RSI is trading in neutral territory as a result of the drop down from extreme overbought conditions.

USDCAD Binary Options Insights for March 16th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below its descending resistance level. The USD/CAD is anticipated to correct into its horizontal support level. Binary option traders are advised to seek binary put options in the USD/CAD currency pair on rallies above 1.3340 on the H1 Hourly Chart. The downside potential for this binary put option is 170 pips to 1.3170 while the upside potential is 60 pips to 1.3400. This results in a risk/reward ratio of 2.83.

Today’s Commodity Trade
Gold – Gold is depleting downside pressure with a sideways trend inside of its horizontal support level. The descending 50 DMA crossed below the sideways trending 200 DMA which carries a negative bias. The AC indicates the build-up in positive momentum and the RSI is trading in neutral conditions following the move higher from extreme oversold territory. Traders who deploy intraday trading strategies often hedge their accounts with positions in this precious metal.

Gold Today’s 03/16/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level as upside pressure is building up. Gold is estimated to enter a counter-trend move higher. Binary option traders are advised to seek binary call options in Gold on dips below 1,235.00 on the H1 Hourly Chart. The upside potential for this binary call option is 4,775 pips to 1,282.75 while the downside potential is 2,350 pips to 1,211.50. This results in a risk/reward ratio of 2.03.

Today’s Equity Index Recommendation
FTSE 100 – The FTSE 100 is trending sideways following the drop below its horizontal resistance level which resulted in a momentum change to negative. The 50 DMA is moving sideways, but maintains its position above the 200 DMA which is ascending. The AC shows the loss in positive momentum while the RSI is trading in neutral territory after contracting from overbought conditions; a drop into oversold levels is estimated.

FTSE 100 Today’s 03/16/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level, but above of its 50 DMA. The FTSE 100 is expected to extend its breakdown. Binary option traders are advised to seek binary put options in the FTSE 100 equity index on rallies above 6,140.0 on the H1 Hourly Chart. The downside potential for this binary put option is 14,000 pips to 6,000.0 while the upside potential is 4,500 pips to 6,185.0. This results in a risk/reward ratio of 3.11.

Key Fundamental Data:

New Zealand – The fourth-quarter current account deficit improved to NZ$2.614 billion with a current account deficit-to-GDP ratio of -3.1%. This followed the third-quarter’s current account deficit of NZ$4.742 billion and current account deficit-to-GDP ratio of -3.3%.

Australia – The Westpac Leading Index for February decreased by 0.2% month-over-month after being reported at an upward revised increase of 0.1% in January.

United Kingdom – Consensus estimates for the February jobless claims change favor a decrease of 9,100 and a claimant count rate of 2.2%. This would follow January’s drop of 14,800 and claimant count rate of 2.2%. The three-month-over-three month employment change ending in January is anticipated to show 144,000 jobs created and an ILO employment rate of 5.1% following the December’s gain of 205,000 jobs and ILO unemployment rate of 5.1%. Average weekly earnings are called up by 2.0% and excluding bonuses by 2.1%, up from the previous month’s growth rate of 1.9% and 2.0% respectively.

Eurozone – Economists anticipate January construction output to rise by 0.3% year-over-year, partially reversing the preceding year’s decrease of 0.4%.

Eurozone – The producer price index (PPI) out of Portugal for February is estimated to contract by 0.3% month-over-month and 2.2% year-over-year. This would represent an improvement over the drop of 0.6% and 2.4% which was printed in January.

Canada – Expectations for January foreign securities purchases call for a level of C$6.20 billion after the previous month’s decrease of C$1.41 billion. Manufacturing sales are anticipated to increase by 0.5% month-over-month, down from the 1.2% rise reported in December.

United States – Consensus estimates for the consumer price index (CPI) for February favor a drop of 0.2% month-over-month and a growth rate of 0.9% year-over-year. This would follow January’s reading of 0.0% and rise of 1.4% respectively. The core CPI, which excludes food and energy, is expected to increase by 0.2% month-over-month and 2.2% year-over-year after the previous month’s expansion of 0.3% and 2.2%.

United States – Economists anticipate industrial production for the month of February to contract by 0.3% while manufacturing production is set to rise by 0.1%. This would mark a reversal over the 0.9% increase and a slowdown over the 0.5% expansion which was reported in January. Capacity utilization is called down by 0.2% to 76.9% from 77.1%.

United States – The Energy Information Agency (EIA) is estimated to report a build-up of 1,500,000 barrels in crude oil inventories and a drawdown of 1,963,400 barrels in gasoline inventories for the week ending March 11th 2016. This would follow the preceding week’s increase of 3,880,000 barrels and decrease of 4,252,600 barrels respectively.

United States – The Federal Open Market Committee (FOMC) is expected to keep interest rates unchanged at 0.50%.

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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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