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BINARY OPTIONS INSIGHTS FOR MARCH 22ND 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 22nd, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Spain reported a trade deficit of €2.39 billion for the month of January. This was above consensus estimates for an increase in the trade deficit to €2.00 billion from December’s deficit of €1.79 billion. Italy reported a surprise current account deficit of €1,068.0 million following the preceding month’s surplus of €6,141.0 million. Economists anticipated a decrease in the current account surplus to 3,410.4 million. Binary option trading remains the fastest growing sector of the financial market.

Existing home sales out of the United States plunged by 7.1% in February month-over-month to 5,080,000 homes; worse than the anticipated contraction of 3.0% to 5,310,000 homes. This followed January’s increase of 0.4% month-over-month to 5,470,000 homes. Adding to sour economic news was the release of the Chicago Federal National Activity Index for February which dropped to -0.29 after being reported at an upward revised level of 0.41 in the previous month; estimates called for a reading of 0.25.

The Eurozone ZEW Economic Sentiment Index for the month of March is favored to come in at 8.2. This would represent a slowdown over February’s level of 13.6. The German ZEW Economic Sentiment Index is called in at 5.0 while the ZEW Current Conditions Index is expected at 53.0 following the previous month’s level of 1.0 and 52.3 respectively. The Euro is likely to be exposed to an increase in volatility after the release of this economic report.

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

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD is guided to the downside by its bearish price channel which formed after the breakdown below its horizontal support level. The 50 Day Moving Average (DMA) is descending and closing in on the 200 DMA which is moving to the upside. The Accelerator Oscillator (AC) points towards the accumulation in negative momentum. The Relative Strength Index (RSI) is trading in neutral territory after reversing from oversold conditions.

AUDUSD

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its bearish price channel with an increase in downside pressure. The AUD/USD is expected to contract into its horizontal support level. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7570 on the H1 Hourly Chart. The downside potential for this binary put option is 155 pips to 0.7415 while the upside potential is 55 pips to 0.7625. This results in a risk/reward ratio of 2.82.

GBP/JPY – The GBP/JPY is being pressured higher by its ascending support level which originated from its intra-day low of 159.003 recorded on March 17th 2016. The sideways trending 50 DMA continues to trade below the ascending 200 DMA. The AC favors more upside due to the increase in positive momentum as the RSI is trading in neutral conditions following the recovery from oversold territory; a spike into overbought levels is expected.

GBPJPY  Binary Options Insights for March 22nd 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level. The GBP/JPY is anticipated to extend its advance until it will reach its horizontal resistance level. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 161.000 on the H1 Hourly Chart. The upside potential for this binary call option is 310 pips to 164.100 while the downside potential is 145 pips to 159.550. This results in a risk/reward ratio of 2.14.

EUR/GBP – The EUR/GBP is exposed to a momentum change to negative following the breakdown below its horizontal resistance level. The 50 DMA is moving sideways with a positive bias just above the 200 DMA which is ascending; the moving averages are pending a crossover. The AC suggests more downside while positive pressure is contracting. The RSI is trading in neutral territory as a result of the drop from overbought conditions.

EURGBP Binary Options Insights for March 22nd 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level, but above of its 200 DMA. The EUR/GBP is estimated to accelerate to the downside. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7810 on the H1 Hourly Chart. The downside potential for this binary put option is 160 pips to 0.7650 while the upside potential is 70 pips to 0.7880. This results in a risk/reward ratio of 2.29.

Today’s Commodity Trade
Crude Oil – Crude Oil is validating the strength of its horizontal resistance level from where a price action reversal is favored. The ascending 50 DMA maintains its position above the ascending 200 DMA. The AC shows the formation of a negative divergence while the RSI is trading in neutral conditions after the breakdown from extreme overbought territory. Selling put options in this commodity is recommended.

Crude Oil Today’s 03/22/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. Crude Oil is expected to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 41.00 on the H1 Hourly Chart. The downside potential for this binary put option is 500 pips to 36.00 while the upside potential is 125 pips to 42.25. This results in a risk/reward ratio of 4.00.

Today’s Equity Index Recommendation
EuroStoxx 50 – The EuroStoxx 50 is faced with a build-up in downside momentum originating from its descending resistance level which was reached on March 10th 2016. The 50 DMA is moving lower, but remains above the 200 DMA which is drifting higher. The AC indicates the rise in negative pressure in this equity index and the RSI is trading in neutral territory following the reversal from overbought conditions.

EuroStoxx 50 Today’s 03/22/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level as negative momentum is expanding. The EuroStoxx 50 is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in the EuroStoxx 50 equity index on rallies above 3,040.0 on the H1 Hourly Chart. The downside potential for this binary put option is 10,500 pips to 2,935.0 while the upside potential is 5,000 pips to 3,090.0. This results in a risk/reward ratio of 2.10.

Key Fundamental Data:

Australia – The house price index for the fourth-quarter of 2015 showed a rise of 0.2% quarter-over-quarter and an increase of 8.7% year-over-year. This marked a slowdown over the third-quarter’s growth rate of 2.0% and 10.7% respectively.

Japan – The preliminary March Nikkei Manufacturing PMI clocked in at 49.1 following the initially reported level of 50.1. Estimates were looking for a rise to 50.5.

Japan – Expectations for the All Industry Activity Index for January call for an increase of 1.9% month-over-month, reversing the 0.9% decrease announced in the preceding month.

Switzerland – Economists anticipate the February trade surplus to come in at CHF3.200 billion, down from January’s surplus of CHF3.513 billion.

Eurozone – Consensus estimates for the German IFO Business Climate Index for the month of March favor a level of 105.8 while the IFO Expectations Index is called in at 99.5. This would follow February’s reading of 105.7 and 98.8 respectively. The IFO Current Conditions Index is called down to 112.6, down 0.3 points from the previous month’s level of 112.9.

Eurozone – The March Flash Composite PMI is set to clock in at 52.9 after being initially reported at 53.0. The Manufacturing PMI is called up to 51.3 from 51.2 and the Services PMI is favored to remain unchanged at 53.3. Preceding the Eurozone PMI will be the French and German PMI reports. The French Composite PMI as well as Manufacturing PMI are both anticipated to show no change from the previously reported 49.9 and 50.2 respectively. The Services PMI is called up by 0.3 points to 49.5. The German Composite PMI is estimated to come in at 54.3, up from the initially printed 54.1. The Manufacturing PMI is called up to 50.8 as the Services PMI is called down to 55.0 from 50.5 and 55.3 which was announced in the previous March PMI report.

United Kingdom – Expectations for the February consumer price index (CPI) call for a growth rate of 0.4% month-over-month and 0.4% year-over-year after January’s drop of 0.8% and rise of 0.3%. The core CPI, which excludes food and energy, is expected to remain unchanged at an increase of 1.2% year-over-year. The producer price index (PPI) Input is expected to expand by 0.4% month-over-month and to decrease by 7.5% year-over-year following the previous month’s contraction of 0.7% and 7.6% respectively. The PPI Output is estimated to clock in at 0.0% month-over-month and to decrease by 1.2% year-over-year after January’s contraction of 0.1% and 1.0%. The core PPI is called up by 0.1% month-over-month and 0.1% year-over-year following the increase of 0.1% and reading of 0.0% from January.

United Kingdom – Public sector net borrowing (PSNB) for the month of February is expected at £5.3 billion and excluding banking at £6.0 billion. This would follow January’s -£11.8 billion and -£11.2 billion.

United States – Consensus estimates for the January House Price Index call for an expansion of 0.5% month-over-month after the 0.4% rise which was printed in the previous month. The preliminary March Manufacturing PMI is called in at 51.5 and the Richmond Federal Manufacturing Index for March at -1 following the previously reported level of 51.3 and -4.

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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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