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BINARY OPTIONS INSIGHTS FOR MARCH 23RD 2016

BitCoin/CNY 6273.870 21:00 24.01
WELLS FARGO 54.700 21:00 24.01
USD/CHF 1.00085 21:00 24.01
TOYOTA (US) 117.620 21:00 24.01
SONY 30.485 21:00 24.01
SILVER 17.118 21:00 24.01
GOLD 1209.957 21:00 24.01
COLGATE-PALMOLIVE 68.265 21:00 24.01
FIAT CHRYSLER 10.89 21:00 24.01
LOCKHEED MARTIN 252.895 21:00 24.01
FERRARI 62.695 21:00 24.01
TSX 60 924.440 21:00 24.01
AUD/NZD 1.04665 21:00 24.01
ALIBABA 101.450 21:00 24.01
BOEING 160.540 21:00 24.01
NZD/USD 0.72463 21:00 24.01
BANK OF AMERICA 22.945 21:00 24.01
PFIZER 31.155 21:00 24.01
CAD/JPY 86.432 21:00 24.01
NZD/JPY 82.435 21:00 24.01
AUD/USD 0.75845 21:00 24.01
AUD/JPY 86.280 21:00 24.01
GBP/JPY 142.263 21:00 24.01
GENERAL ELECTRIC 29.990 21:00 24.01
S&P 500 2280.120 21:00 24.01
JP MORGAN CHASE 84.715 21:00 24.01
GOLD/EUR 1127.335 21:00 24.01
USD/JPY 113.763 21:00 24.01
EUR/JPY 122.101 21:00 24.01
CITIGROUP VS JP MORGAN CHASE 0.67015 21:00 24.01
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By: Adam Stone
March 23rd, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The Swiss trade balance showed a surplus of CHF4.07 billion for the month of February. This marked an improvement over January’s trade surplus of CHF3.51 billion. Exports posted an increase of 2.8% month-over-month while imports contracted by 2.0% following the previous month’s upwards revised drop of 0.6% and upward revised expansion of 2.7% respectively. The Swiss Franc strengthened after the release of this economic report.

The preliminary Eurozone Composite PMI for March clocked in at 53.7. This was better than the expected improvement to 53.2 from the initially printed level of 53.0. The Eurozone Manufacturing PMI was revised up by 0.2 points from 51.2 to 51.4 which was in line with estimates as the Eurozone Services PMI was reported at 54.0 following the previously reported reading of 53.3. Economists anticipated a smaller rise to 53.5.

New home sales out of the United States for February are called up by 3.2% month-over-month to 510,000 homes. This would mark a partial reversal over the previous month’s plunge of 9.2% to 494,000 homes. The US Dollar is favored to experience a spike in volatility on the back of higher volume. How to buy options? Just open a live trading account right here at GOptions and make a deposit; after that you will have access to the binary option market.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Put Option
• EUR/JPY – Binary Call Option
• USD/CHF – Binary Call Option
• Silver – Binary Put Option
• NASDAQ 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD
– The NZD/USD has entered a sideways trend in the middle of its trading range between its horizontal support level and its horizontal resistance level. The descending 50 Day Moving Average (DMA) is narrowing the gap to the ascending 200 DMA. The Accelerator Oscillator (AC) shows the contraction in upside pressure and the Relative Strength Index (RSI) is trading in neutral conditions as a result of the advance from oversold territory.

NZDUSD Binary Options Insights for March 23rd 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading above of its 200 DMA, but below of its 50 DMA. The NZD/USD is anticipated to accelerate to the downside. Binary option traders are advised to seek binary put options in the NZD/USD currency pair on rallies above 0.6725 on the H1 Hourly Chart. The downside potential for this binary put option is 150 pips to 0.6575 while the upside potential is 65 pips to 0.6790. This results in a risk/reward ratio of 2.31.

EUR/JPY – The EUR/JPY spiked to the upside from its intra-day low of 124.670 reached yesterday on March 22nd 2016. The 50 DMA is drifting higher and is decreasing the distance to the 200 DMA which is descending. The AC indicates the build-up in positive momentum while the RSI is trading in neutral territory after moving lower from overbought conditions; a push into extreme overbought levels is anticipated.

EURJPY  Binary Options Insights for March 23rd 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level as upside pressure is on the rise. The EUR/JPY is estimated to advance until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 126.000 on the H1 Hourly Chart. The upside potential for this binary call option is 130 pips to 127.300 while the downside potential is 50 pips to 125.500. This results in a risk/reward ratio of 2.60.

USD/CHF – The USD/CHF is exposed to a momentum change from negative to positive with the push above of its horizontal support level; a move which is favored to be extended. The ascending 50 DMA is closing in on the descending 200 DMA. The AC points towards the accumulation in upside momentum in this currency pair. The RSI is trading in overbought conditions following the advance from neutral territory.

USDCAD  Binary Options Insights for March 23rd 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. The USD/CHF is expected to drift into its 200 DMA from where a breakout is estimated to materialize. Binary option traders are advised to seek binary call options in the USD/CHF currency pair on dips below 0.9750 on the H1 Hourly Chart. The upside potential for this binary call option is 165 pips to 0.9915 while the downside potential is 75 pips to 0.9675. This results in a risk/reward ratio of 2.20.

Today’s Commodity Trade
Silver – Silver is being pressured to the downside by its bearish price channel following the breakdown below its horizontal resistance level. The 50 DMA is moving lower, but maintains its positions above the 200 DMA which is ascending. The AC favors more downside due to the loss in positive momentum. The RSI is trading in neutral territory as a result of the reversal from overbought conditions; a collapse into extreme oversold levels is favored to emerge.

Silver Today’s 03/23/2014 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its bearish price channel while downside pressure is expanding. Silver is anticipated to collapse into its horizontal support level. Binary option traders are advised to seek binary put options in Silver on rallies above 15.750 on the H1 Hourly Chart. The downside potential for this binary put option is 55 pips to 15.200 while the upside potential is 25 pips to 16.000. This results in a risk/reward ratio of 2.20.

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 is depleting upside momentum inside of its horizontal resistance level from where a price action reversal is anticipated. The ascending 50 DMA continues to trade above the ascending 200 DMA. The AC suggests a move to the downside while positive pressure is receding from its peak as the RSI is trading in neutral conditions after descending from overbought territory. Traders who engage in stock options trading are advised to hedge their positions with this equity index.

NASDAQ 100 Today’s 03/23/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. The NASDAQ 100 is estimated to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in the NASDAQ 100 equity index on rallies above 4,430.00 on the H1 Hourly Chart. The downside potential for this binary put option is 14,500 pips to 4,285.00 while the upside potential is 5,000 pips to 4,480.00. This results in a risk/reward ratio of 2.90.

Key Fundamental Data:

Philippines – The January trade balance printed a deficit of $2,638.0 million, following the previous month’s downward revised deficit of $4,060.0 million. Imports surged by 30.8% year-over-year after dropping by 25.8% in December.

Malaysia – The consumer price index (CPI) for February is set to increase by 4.0% year-over-year, up from the 3.5% rise which was printed in the preceding year.

Singapore – Consensus estimates for the February CPI favor an expansion of 0.1% month-over-month and a contraction of 0.5% year-over-year following January’s decrease of 0.2% and 0.6% respectively. Excluding food and energy, the core CPI is called up by 0.4% year-over-year which would match the previous year’s growth rate.

Thailand – Economists anticipate the Thai central bank to keep its benchmark interest rate unchanged at 1.50%.

Philippines – The central bank in the Philippines will announce its interest rate decision where no change from the current interest rate of 4.00% is estimated.

South Africa – The February CPI is set to increase by 1.1% month-over-month and 6.7% year-over-year. This would represent a rise in inflationary pressures over January’s expansion of 0.8% and 6.2%. The core CPI is anticipated to rise by 5.6% year-over-year after the previous year’s increase of 5.6%.

Eurozone – Consensus estimates for the Spanish producer price index (PPI) for the month of February favor a contraction of 2.3% year-over-year, up from the preceding year’s drop of 2.5%.

Eurozone – Economists anticipate February Italian wage inflation to rise by 0.1% month-over-month and 0.8% year-over-year following the reading of 0.0% and increase of 0.7% which was printed in January.

Switzerland – The ZEW Economic Sentiment Index for the month of March is estimated to clock in at a level of -11.8 after the previous month’s reading of -5.9.

Brazil – Expectations for the February unemployment rate favor an increase to 8.0% from January’s unemployment rate of 7.6%.

Belgium – Consensus estimates for business confidence for the month of March call for an improvement to -6.0 from the -6.6 which was announced in the preceding month.

Mexico – Economists anticipate January retail sales to post a growth rate of 1.8% month-over-month and 3.8% year-over-year. This would follow December’s drop of 1.6% and rise of 3.4% respectively.

United States – The Energy Information Agency (EIA) inventory report for the week ending March 18th 2016 is set to show the build-up of 1,000,000 barrels in crude oil inventories and the drawdown of 1,339,300 barrels in gasoline inventories after the previous week’s increase of 1,317,000 barrels and decrease of 747,000 barrels respectively.

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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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