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BINARY OPTIONS INSIGHTS FOR MARCH 17TH 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 17th, 2016 05:37am GMT, London UK

Market Recap & Outlook:

Eurozone construction output for the month of January posted an increase of 3.6% month-over-month and 6.0% year-over-year. This represented a reversal over December’s downward revised contraction of 0.7% month-over-month and an increase over the upward revised expansion of 0.4% year-over-year. Binary options for dummies aims to explain the basics of the trade in very simple terms to new traders in order to make them familiar with the topic prior to opening and funding a live trading account.

February housing starts in the United States rose by 5.2% to 1,178,000 units, beating expectations for a smaller increase of 4.6% to 1,150,000 units. Adding to the positive announcement was the upward revision to January which now shows a contraction of 3.4% to 1,120,000 units. Building permits dropped by 3.1% to 1,167,000 permits, adding to the previous month’s decrease of 0.2% to 1,204,000 permits and below the estimated contraction of 0.2% to 1,200,000 permits.

Australia released its February employment report during the Asian morning trading session which showed the creation of only 3,000 jobs and an unemployment rate of 5.8%. This followed January’s employment report which showed the loss of 7,400 jobs and an unemployment rate of 6.0%. The labor force participation rate decreased to 64.9%, down 0.2% from 65.1%. 15,900 full-time positions were created and 15,600 part-time jobs lost after the previous month’s loss of 40,300 full-time positions and addition of 32,900 part-time jobs.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Put Option
• EUR/USD – Binary Put Option
• USD/CHF – Binary Call Option
• Silver – Binary Put Option
• Nikkei 225 – Binary Put Option

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD spiked into its newly formed horizontal resistance level from its intra-day low of 0.7414 reached yesterday on March 16th 2016. The ascending 50 Day Moving Average (DMA) was able to cross above the ascending 200 DMA, but are trading in close proximity to each other. The Accelerator Oscillator (AC) shows the retreat in positive pressure while the Relative Strength Index (RSI) is trading in extreme overbought conditions as a result of the move higher from oversold territory.

AUDUSD Binary Options Insights for March 17th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside its horizontal resistance level with a decrease in upside momentum. The AUD/USD is expected to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7590 on the H1 Hourly Chart. The downside potential for this binary put option is 200 pips to 0.7390 while the upside potential is 70 pips to 0.7660. This results in a risk/reward ratio of 2.86.

EUR/USD – The EUR/USD is depleting positive pressure inside of its horizontal resistance level from where a price action reversal is expected to emerge. The 50 DMA is moving to the upside and widening the gap to the 200 DMA which is drifting higher as well. The AC favors a move to the downside as negative divergence formed. The RSI is trading in extreme overbought territory following the rise from oversold conditions.

EURUSD Binary Options Insights for March 17th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level. The EUR/USD is anticipated to accelerate to the downside. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.1200 on the H1 Hourly Chart. The downside potential for this binary put option is 380 pips to 1.0820 while the upside potential is 125 pips to 1.1325. This results in a risk/reward ratio of 3.04.

USDCHF Binary Options Insights for March 17th 2016

USD/CHF – The USD/CHF is validating the strength of its horizontal support level from where downside momentum is fading. The ascending 50 DMA maintains its position below the descending 200 DMA. The AC points towards the emergence of a positive divergence as the RSI is trading in extreme oversold conditions after collapsing from extreme overbought territory; a move back into overbought levels is expected.

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading inside of its horizontal support level and positive pressure is rising. The USD/CHF is estimated to drift into its 200 DMA from where more upside is favored. Binary option traders are advised to seek binary call options in the USD/CHF currency pair on dips below 0.9800 on the H1 Hourly Chart. The upside potential for this binary call option is 290 pips to 1.0090 while the downside potential is 140 pips to 0.9660. This results in a risk/reward ratio of 2.07.

Today’s Commodity Trade
Silver – Silver is being pressured to the downside by its descending resistance level which emerged from its intra-day high of 15.817 recorded on March 14th 2016. The 50 DMA is ascending, but continues to trade below the 200 DMA which is moving higher as well. The AC suggests a contraction in price action due to the build-up in negative pressure. The RSI is trading in overbought territory as a result of the move lower from extreme overbought conditions.

Silver Today’s 03/17/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its descending support level. Silver is expected to move lower until it can challenge its horizontal support level. Binary option traders are advised to seek binary put options in Silver on rallies above 15.550 on the H1 Hourly Chart. The downside potential for this binary put option is 40 pips to 15.150 while the upside potential is 20 pips to 15.750. This results in a risk/reward ratio of 2.00.

Today’s Equity Index Recommendation
Nikkei 225 – The Nikkei 225 is exposed to a rise in negative pressure after the breakdown below its horizontal resistance level. The descending 50 DMA is closing in on to the sideways trending 200 DMA which carries a positive bias. The AC indicates the decrease in upside momentum and the RSI is trading in neutral conditions following the move lower from overbought territory. Trading online in binary options can be an extreme profitable investment.

Nikkei 225 Today’s 03/17/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level, but above of its 50 DMA. The Nikkei 225 is anticipated to contract until it will reach its horizontal support level. Binary option traders are advised to seek binary put options in the Nikkei 225 equity index on rallies above 17,100.0 on the H1 Hourly Chart. The downside potential for this binary put option is 64,000 pips to 16,460.0 while the upside potential is 20,000 pips to 17,300.0. This results in a risk/reward ratio of 3.20.

Key Fundamental Data:

Japan – Investors added ¥897.3 billion worth of foreign bonds and ¥121.3 billion worth of foreign equities to their portfolio in the week ending March 11th 2016. This followed the purchase of ¥1,537.9 billion worth of foreign bonds and ¥252.4 billion worth of foreign equities for the week ending March 4th 2016.

Japan – The February merchandise trade surplus clocked in at ¥242.8 billion following January’s deficit of ¥648.8 billion. Expectations called for a surplus of ¥395.1 billion. Exports decreased by 4.0% year-over-year as imports dropped by 14.2% after the plunge of 12.9% and 17.8% which was printed in the previous year.

Switzerland – Economists anticipate February producer & import prices to rise by 0.1% month-over-month and to contract by 3.9% year-over-year after January’s drop of 0.4% and 5.3% respectively.

Switzerland – The Swiss National Bank (SNB) is expected to keep its interest rate unchanged at -0.75%. The 3-Month LIBOR Upper Target and 3-Month LIBOR Lower Target is also set to remain on hold from its current level of -0.25% and -1.25%.

Indonesia – The Indonesian central bank is favored to cut interest rates by 25 basis points from 7.00% to 6.75%.
Norway – Economists anticipate the Norges Bank to lower its benchmark interest rate by 25 basis points to 0.50% from 0.75%.

Eurozone – Expectations for the January trade surplus call for a decrease to €10.0 billion from December’s surplus of €24.3 billion. The February CPI is called up by 0.1% month-over-month after the 1.4% plunge printed in January. The final revision to the year-over-year CPI and core CPI favor the confirmation of the initially reported drop of 0.2% and rise of 0.7% respectively.

United Kingdom – The Bank of England (BoE) is set to keep interest rates as well as the asset purchase target unchanged from its current level of 0.50% and £375 billion.

United States – Consensus estimates for the fourth-quarter current account balance call for a deficit of $117.4 billion, down from the third-quarter’s deficit of $124.1 billion. The March Philadelphia Federal Manufacturing Index is favored to improve to -1.7 from the previous month’s level of -2.8. Initial jobless claims for the week ending March 12th 2016 are expected to rise by 7,000 to 266,000 while continuing claims for the week ending March 5th 2016 are anticipated to increase by 5,000 to 2,230,000.

South Africa – The central bank is expected to announce no change in interest rates from its current level of 6.75%.

United States – Economists anticipate JOLTS Job Openings for the month of January to clock in at 5,566,000, down from the 5,607,000 job openings reported in the previous month. February leading indicators are favored to rise by 0.2% month-over-month, reversing January’s contraction of 0.2%.

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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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