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BINARY OPTIONS INSIGHTS FOR MARCH 24TH 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 24th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Central banks have been in the news on a more frequent basis as monetary policies started to diverge. Emerging markets often have to deal with the fallout from decisions made by their developed counter-parts. The central banks of the Philippines and of Thailand announced their latest interest rates decisions yesterday where no change from their current interest rates of 4.00% and 1.50% was communicated respectively; this matched expectations.

The Spanish producer price index for the month of February plunged by 5.7% year-over-year following the revised contraction of 4.2% which was printed in the preceding year. Consensus estimates were looking for a decrease of only 2.3%. Wage inflation out of Italy expanded by 0.1% month-over-month and 0.8% year-over-year, in-line with expectations, after January’s reading of 0.0% and growth rate of 0.7%. Trading for a living can be greatly enhanced through the use of binary options.

Preliminary durable goods orders for February out of the United States are set to show a contraction of 2.5% and excluding transportation of 0.3%. This would represent a reversal over the previous month’s expansion of 4.7% and 1.7% respectively. Capital goods orders non-defense excluding aerospace are favored to decrease by 0.6% while capital goods shipments non-defense excluding aerospace are anticipated to drop by 0.1%.

Today’s Binary Option Trading Recommendations Overview:
• GBP/JPY – Binary Call Option
• EUR/USD – Binary Call Option
• EUR/GBP – Binary Put Option
• Gold – Binary Call Option
• S&P 500 – Binary Put Option

Currency Pairs on today’s Radar Screen:
GBP/JPY – The GBP/JPY is validating the strength of its horizontal support level from where a price action reversal is anticipated. The 50 Day Moving Average (DMA) is drifting lower and increasing the distance to the 200 DMA which is also descending. The Accelerator Oscillator (AC) indicates the formation of a positive divergence. The Relative Strength Index (RSI) is trading in neutral territory after advancing from oversold conditions.

GBPJPY  Binary Options Insights for March 24th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level while upside momentum is on the rise. The GBP/JPY is estimated to drift into its 200 DMA from where a breakout is expected. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 159.150 on the H1 Hourly Chart. The upside potential for this binary call option is 435 pips to 163.500 while the downside potential is 175 pips to 157.400. This results in a risk/reward ratio of 2.49.

EUR/USD – The EUR/USD is confined to its narrowing triangle formation as upside pressure is accumulating for a breakout. The descending 50 DMA is narrowing the gap to the ascending 200 DMA. The AC favors an advance due to the gradual build-up in positive momentum while the RSI is trading in neutral conditions following the recovery from a brief dip into extreme oversold territory; an advance into overbought levels is estimated.

EURUSD  Binary Options Insights for March 24th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading inside of its triangle formation. The EUR/USD is expected to complete a breakout and push into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.1190 on the H1 Hourly Chart. The upside potential for this binary call option is 150 pips to 1.1340 while the downside potential is 55 pips to 1.1135. This results in a risk/reward ratio of 2.73.

EUR/GBP – The EUR/GBP is depleting positive pressure inside of its horizontal resistance level. The 50 DMA is moving to the upside and maintains its positions above the 200 DMA which is ascending at a slower pace. The AC suggests a price action reversal due to the formation of a negative divergence in this currency pair. The RSI is trading in overbought territory as a result of the breakdown from extreme overbought conditions.

EURGBP  Binary Options Insights for March 24th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently inside of its horizontal resistance level with a build-up in downside momentum. The EUR/GBP is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7915 on the H1 Hourly Chart. The downside potential for this binary put option is 180 pips to 0.7735 while the upside potential is 85 pips to 0.8000. This results in a risk/reward ratio of 2.12.

Today’s Commodity Trade
Gold – Gold plunged from its intra-day high of 1,260.20 which was recorded on March 22nd 2016 into its horizontal support level. The descending 50 DMA continues to trade below the descending 200 DMA while the gap is increasing. The AC points towards the accumulation in upside momentum and the RSI is trading in oversold conditions after reversing from extreme oversold territory. A trading account is required in order to transact in this precious metal.

Gold  Today’s 03/24/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. Gold is estimated to enter a counter-trend move to the upside from current levels. Binary option traders are advised to seek binary call options in Gold on dips below 1,225.00 on the H1 Hourly Chart. The upside potential for this binary call option is 4,575 pips to 1,270.75 while the downside potential is 1,350 pips to 1,211.50. This results in a risk/reward ratio of 3.39.

Today’s Equity Index Recommendation
S&P 500 – The S&P 500 forced a momentum change from positive to negative with the breakdown below its horizontal resistance level. The 50 DMA is descending, but continues to trade above the 200 DMA which sis moving higher. The AC shows the collapse in positive pressure as the RSI is trading in extreme oversold territory following the drop down from overbought conditions; this equity index may remain in oversold levels for an extended period of time with periodic spikes above it.

SP 500  Today’s 03/23/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level and downside momentum is expanding. The S&P 500 is expected to accelerate to the downside. Binary option traders are advised to seek binary put options in the S&P 500 equity index on rallies above 2,030.00 on the H1 Hourly Chart. The downside potential for this binary put option is 3,000 pips to 2,000.00 while the upside potential is 1,500 pips to 2,045.00. This results in a risk/reward ratio of 2.00.

Key Fundamental Data:

New Zealand – The trade balance for February showed a surplus of NZ$339.0 million and a year-to-date deficit of NZ$3,323.0 million. This followed January’s surplus of NZ$13.0 million and deficit of NZ$3,579.0 million. Estimates called for a surplus of NZ$90.0 million and a deficit of NZ$3,562.0 million.

Singapore – Economists anticipate February industrial production to decrease by 2.2% month-over-month and 3.7% year-over-year after the previous month’s surge of 9.3% and drop of 0.5%.

Eurozone – Household consumption in the Netherlands is called up by 0.8% in January year-over-year. This would follow the 0.6% rise printed in the preceding year.

Eurozone – Expectations for the Finish February producer price index (PPI) favor a contraction of 2.1% year-over-year after the previous year’s drop of 2.3%. Import prices are set to decrease by 5.4% year-over-year as export prices are estimated to slump by 2.5%, up from the previous year’s contraction of 5.7% and 2.8% respectively.

Eurozone – Consensus estimates for the German GfK Consumer Confidence Index for the month of April call for no change from the level of 9.5 which was announced in March. Import prices are expected to drop by 0.7% month-over-month and 4.0% year-over-year in February after contracting by 1.5% and 3.8% in January.

Taiwan – The central bank is anticipated to decrease interest rates by 12.5 basis points from 1.625% to 1.500%.

Eurozone – Italian January industrial orders are favored to increase by 1.0% month-over-month and 1.7% year-over-year following the previous month’s drop of 2.8% and rise of 1.5% respectively. Industrial sales are set to expand by 0.8% month-over-month and 0.5% year-over-year after the decrease of 1.6% and 3.0% which was reported in December.

United Kingdom – Economists anticipate retail sales for February to drop by 1.0% month-over-month and to rise by 3.4% year-over-year. This would represent a reversal over January’s expansion of 2.3% month-over-month and a slowdown over the 5.0% increase printed year-over-year. Retail sales including autos and fuel are also favored to contract by 1.0% month-over-month, but to show a growth rate of 3.5% year-over-year following the previous month’s rise of 2.3% and 5.2% respectively.

Eurozone – Expectations for retail sales out of Italy for January call for an increase of 0.5% month-over-month and 1.0% year-over-year after the drop of 0.1% and rise of 0.6% announced in December.

United States – Consensus estimates for initial jobless claims favor a rise of 3,000 to 268,000 for the week ending March 19th 2016 and continuing claims are set to decrease by 5,000 to 2,230,000 for the week ending March 12th 2016.

United States – The March flash reading for the Markit Composite PMI and the Markit Services PMI is expected to rise to 50.9 and 51.0 from the previously printed 50.0 and 49.7 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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