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BINARY OPTIONS INSIGHTS FOR MARCH 18TH 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 18th, 2016 05:20am GMT, London UK

Market Recap & Outlook:

The problems in the Chinese economy and uncertainty surrounding it were evident in foreign direct investment for the month of February which posted an increase of just 1.7% year-over-year. Economists anticipated a drop to 1.8% from the previous year’s expansion of 3.2%. Currency options show an elevated amount of volatility ahead, especially for commodity currencies such as the Australian Dollar, the New Zealand Dollar and the Canadian Dollar.

Interest rates in the United Kingdom remained unchanged at 0.50% as the Bank of England decided not to adjust their monetary policy. This matched consensus estimates calling for no change. The asset purchase target also remained untampered with from its current level of £375 billion. The British Pound surged during the session, and the move was exacerbated by the plunge in the US Dollar. Some analysts believe the Bank of England may not increase rates until 2020.

Expectations for the German producer price index (PPI) for February favor a contraction of 0.2% month-over-month and 2.6% year-over-year. This would mark an improvement over January’s drop of 0.7% month-over-month, but a rise over the 2.4% decrease year-over-year. Deflationary pressures could pose one of the biggest risks for the European Central Bank which cut interest rates in a surprise move last week.

Today’s Binary Option Trading Recommendations Overview:
• USD/JPY – Binary Call Option
• EUR/GBP – Binary Put Option
• USD/CAD – Binary Call Option
• Gold – Binary Put Option
• DAX 30 – Binary Put Option

Currency Pairs on today’s Radar Screen:
USD/JPY – The USD/JPY plunged from its intra-day high of 113.814 which was recorded on March 16th 2016 into its horizontal support level. The 50 Day Moving Average (DMA) is moving to the downside and widening the gap to the 200 DMA which is descending at a slower pace. The Accelerator Oscillator (AC) points towards the formation of a positive divergence. The Relative Strength Index (RSI) is trading in oversold territory after breaking out from extreme oversold conditions.

Today’s Binary Options Trading Strategy: Call Option
Price action is presently above of its horizontal support level. The USD/JPY is anticipated to recover to the upside until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/JPY currency pair on dips below 111.400 on the H1 Hourly Chart. The upside potential for this binary call option is 305 pips to 114.450 while the downside potential is 130 pips to 110.100. This results in a risk/reward ratio of 2.35.

USDJPY Binary Options Insights for March 18th 2016

EUR/GBP – The EUR/GBP forced a momentum change from positive to negative with the breakdown below its horizontal resistance level. The descending 50 DMA is closing in on the ascending 200 DMA. The AC shows the emergence of a negative divergence preceding the breakdown while the RSI is trading in neutral conditions as a result of the move higher from oversold territory; a drop into extreme oversold levels is anticipated.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its 50 DMA, but above of its 200 DMA. The EUR/GBP is estimated to extend the breakdown into its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7800 on the H1 Hourly Chart. The downside potential for this binary put option is 150 pips to 0.7650 while the upside potential is 55 pips to 0.7855. This results in a risk/reward ratio of 2.73.

EURGBP Binary Options Insights for March 18th 2016

USD/CAD – The USD/CAD contracted from its horizontal resistance level into its horizontal support level from where a price action reversal is estimated to follow. The 50 DMA is descending below the 200 DMA which is drifting lower as well. The AC indicates the formation of a positive divergence as the RSI is trading in oversold territory following the breakout from extreme oversold conditions which added to the increase in upside momentum.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level while positive pressure is building up. The USD/CAD is expected to enter a counter-trend move to the upside. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3000 on the H1 Hourly Chart. The upside potential for this binary call option is 445 pips to 1.3445 while the downside potential is 170 pips to 1.2830. This results in a risk/reward ratio of 2.62.

USDCAD Binary Options Insights for March 18th 2016

Today’s Commodity Trade
Gold – Gold is exposed to an expansion in negative momentum provided by its descending resistance level which originated from its intra-day high of 1,282.89 reached on March 11th 2016. The ascending 50 DMA is decreasing the distance to the sideways trending 200 DMA. The AC favors more downside due to the accumulation in downside momentum. The RSI is trading in neutral conditions after contracting from extreme overbought territory. Investopedia options explanations can be helpful to new traders in order to understand the meaning of most commonly used terms.

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its descending resistance level. Gold is anticipated to accelerate to the downside from current levels. Binary option traders are advised to seek binary put options in Gold on rallies above 1,260.00 on the H1 Hourly Chart. The downside potential for this binary put option is 3,425 pips to 1,225.75 while the upside potential is 1,075 pips to 1,270.75. This results in a risk/reward ratio of 3.19.

Gold Today’s 03/18/2016 Commodity Trade

Today’s Equity Index Recommendation
DAX 30 – The DAX 30 reversed direction from its intra-day high of 10,069.0 which was recorded yesterday on March 17th 2016 leading to a breakdown below its horizontal resistance level. The 50 DMA is moving to the downside, but continues to trade above the 200 DMA which is advancing. The AC suggests a price action reversal; a negative divergence formed in this equity index as the RSI is trading in neutral territory as a result of the recovery from oversold conditions.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The DAX 30 is estimated to collapse into its horizontal support level. Binary option traders are advised to seek binary put options in the DAX 30 equity index on rallies above 9,875.0 on the H1 Hourly Chart. The downside potential for this binary put option is 47,500 pips to 9,400.0 while the upside potential is 19,500 pips to 10,070.0. This results in a risk/reward ratio of 2.44.

DAX 30 Today’s 03/18/2016 Commodity Trade

Key Fundamental Data:

New Zealand – March consumer confidence decreased by 1.4% to 118.0 following the 1.4% drop to 119.7 which was reported in February.

China – The house price index for February rose by 3.6% year-over-year following the increase of 2.5% printed in the previous year.

Eurozone – Dutch consumer confidence is called in at a level of 1 for the month of March. This would represent a reversal from February’s reading of -1.

Eurozone – Consensus estimates for the fourth-quarter of 2015 labor cost index favor a rise of 1.2% year-over-year and Wage Growth is set to expand by 1.3% following the fourth-quarter of 2014 growth rate of 1.1% and 1.4% respectively.

Russia – The Bank of Russia is expected to keep interest rates unchanged at 11.00%, but some central bank analysts do not rule out a surprise cut of 50 basis points to 10.50%.

Canada – Economists anticipate January retail sales to increase by 0.6% month-over-month and excluding auto sales by 0.4%. This would mark a partial reversal over the contraction of 2.2% and 1.6% which was announced in December.

Canada – Expectations for the February consumer price index (CPI) call for a growth rate of 0.4% month-over-month and 1.5% year-over-year after the previous month’s rise of 0.2% and 2.0% respectively. Excluding food and energy, the core CPI is anticipated to expand by 0.5% month-over-month and 2.0% year-over-year following the increase of 0.3% and 2.0% which was printed in the preceding month.

Russia – Consensus estimates for the February producer price index (PPI) favor a drop of 1.0% month-over-month and an expansion of 6.6% year-over-year after January’s decrease of 1.2% and increase of 7.5% respectively. Retail sales are expected to contract by 6.4% year-over-year following the previous year’s drop of 7.3% and real wage growth is called down by 5.5% after the preceding year’s decrease of 6.1%. The unemployment rate is set to remain unchanged at 5.8%.

Eurozone – Belgian consumer confidence for the month of March is expected to clock in at -6 following February’s level of -5.

Mexico – Economists anticipate fourth-quarter private spending to show a growth rate of 1.0% quarter-over-quarter and 2.5% year-over-year. This would represent an increase over the previous quarter’s expansion of 0.8% quarter-over-quarter, but a slowdown over the 2.9% increase year-over-year.

United States – Expectations for the preliminary University of Michigan Consumer Sentiment Index for March favor an increase to 92.2, up 0.5 points from the previously reported 91.7.

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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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