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BINARY OPTIONS INSIGHTS FOR MARCH 29TH 2016

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
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By: Adam Stone
March 29th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The advanced trade deficit for the month of February out of the United States was reported at $62.864 billion. Consensus estimates called for a deficit of $62.200 billion following the previously reported upward revised deficit of $62.398 billion. Call and put options are used by binary options traders in order to identify the desired direction of the trade; call options are placed when the price is expected to increase and put options when it is expected to decrease.

The US reported an increase of 0.2% in personal income for February while personal spending rose by 0.1% following January’s rise of 0.5% and downward revised expansion of 0.1% respectively. Expectations called for a growth rate of 0.1% and 0.1%. The Personal Consumption Expenditure (PCE) Deflator contracted by 0.1% month-over-month and rose by 1.0% year-over-year after expanding by 0.1% and 1.2% in the preceding month. The core PCE posted an increase of 0.1% month-over-month and 1.7% year-over-year after January’s growth rate of 0.3% and 1.7% respectively.

The Japanese jobless rate for February was reported at 3.3%, up from the previous month’s jobless rate of 3.2% while expectations called for no change. The job-to-applicant ratio clocked in at 1.28 following January’s level of 1.28. Household spending posted a surprise increase of 1.2% in February year-over-year. This represented a reversal over the previous year’s plunge of 3.1% and was well above the drop of 1.9% which was anticipated.

Today’s Binary Option Trading Recommendations Overview:
• EUR/JPY – Binary Put Option
• USD/JPY – Binary Put Option
• EUR/GBP – Binary Put Option
• Silver – Binary Call Option
• CAC 40 – Binary Call Option

Currency Pairs on today’s Radar Screen:
EUR/JPY – The EUR/JPY is testing the strength of its horizontal resistance level from where a price action reversal is expected. The ascending 50 Day Moving Average (DMA) is increasing the distance to the ascending 200 DMA. The Accelerator Oscillator (AC) shows the formation of a negative divergence in this currency pair and the Relative Strength Index (RSI) is trading in overbought conditions as a result of the drop down from extreme overbought territory.

EURJPY Binary Options Insights for March 29th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level with a drop in positive pressure. The EUR/JPY is estimated to enter a corrective phase. Binary option traders are advised to seek binary put options in the EUR/JPY currency pair on rallies above 127.000 on the H1 Hourly Chart. The downside potential for this binary put option is 230 pips to 124.700 while the upside potential is 100 pips to 128.000. This results in a risk/reward ratio of 2.30.

USD/JPY – The USD/JPY reversed yesterday’s breakdown below its horizontal resistance level. The 50 DMA is moving to the upside and continues to trade above the 200 DMA which is drifting sideways with a negative bias. The AC indicates the formation of a negative divergence. The RSI is trading in overbought territory after contracting from extreme overbought conditions which added to the rise in downside momentum.

USDJPY  Binary Options Insights for March 29th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its horizontal resistance level. The USD/JPY is expected to enter a counter-trend contraction. Binary option traders are advised to seek binary put options in the USD/JPY currency pair on rallies above 113.400 on the H1 Hourly Chart. The downside potential for this binary put option is 275 pips to 110.650 while the upside potential is 105 pips to 114.450. This results in a risk/reward ratio of 2.62.

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 sideways trending 200 DMA. The AC favors more downside from current levels as upside pressure is being depleted while the RSI is trading in oversold conditions following the reversal from a brief dip into extreme oversold territory; a drop back down into extreme oversold levels is estimated to follow.

EURGBP Binary Options Insights for March 29th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its 200 DMA with a build-up in negative momentum. The EUR/GBP is anticipated to accelerate to the downside. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7850 on the H1 Hourly Chart. The downside potential for this binary put option is 75 pips to 0.7775 while the upside potential is 35 pips to 0.7885. This results in a risk/reward ratio of 2.14.

Today’s Commodity Trade
Silver – Silver is depleting downside pressure inside of its horizontal support level from where a counter-trend move to the upside is anticipated. The 50 DMA is descending and maintains its position below the 200 DMA which is drifting lower as well. The AC points towards the accumulation in positive pressure in this precious metal. The RSI is trading in neutral territory as a result of the advance from extreme oversold conditions.

Silver Today’s 03/29/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. Silver is estimated to drift into its 200 DMA from where a breakout is favored to extend the advance. Binary option traders are advised to seek binary call options in Silver on dips below 15.250 on the H1 Hourly Chart. The upside potential for this binary call option is 85 pips to 16.100 while the downside potential is 25 pips to 15.000. This results in a risk/reward ratio of 3.40.

Today’s Equity Index Recommendation
CAC 40 – The CAC 40 pushed above of its horizontal support level which resulted in a momentum change to positive. The descending 50 DMA remains below the descending 200 DMA. The AC suggests more upside due to the increase in positive momentum as the RSI is trading in neutral conditions after recovering from extreme oversold territory. The best online trading review favors call options in this equity index over the next few trading sessions.

CAC 40 Today’s 03/29/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading just above of its horizontal support level and upside pressure is expanding. The CAC 40 is expected to advance until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the CAC 40 equity index on dips below 4,370.0 on the H1 Hourly Chart. The upside potential for this binary call option is 21,000 pips to 4,580.0 while the downside potential is 7,000 pips to 4,300.0. This results in a risk/reward ratio of 3.00.

Key Fundamental Data:

Japan – February retail sales dropped by 2.3% month-over-month and rose by 0.5% year-over-year after January’s contraction of 0.4% and 0.2% respectively. Economists anticipated a decrease of 0.9% and an increase of 1.6%. Retail sales at large retailers increase by 2.2% following the previous month’s expansion of 0.9% and above estimates for a rise of 1.6%.

Thailand – Expectations for industrial production for February favor a drop of 2.6% year-over-year, up from the previous year’s contraction of 3.3%.

Eurozone – March consumer confidence out of Finland is called in at 6.9, down 0.8 points from the reading of 7.7 which was reported in February.

Sweden – Economists anticipate retail sales to rise by 0.4% month-over-month and 4.7% year-over-year in February after the previous month’s growth rate of 0.7% and 4.0% respectively.

Eurozone – Consensus estimates for February loan growth favor an increase of 1.5% year-over-year while M3 money supply is set to expand by 5.1%. This would mark an improvement over the previous year’s rise of 1.4% and 5.0%.

Eurozone – Italian consumer confidence for the month of March is anticipated to increase by 0.6 points to 115.1 and business confidence is called up by 0.4 points to 102.4.

Hong Kong – Expectations for the February balance of trade favor a deficit of HK$27.6 billion following the previous month’s deficit of HK$17.5 billion. Exports are called down by 4.7% and imports by 11.0% after January’s decrease of 3.8% and 9.0%.

Israel – Economists anticipate the February unemployment rate to remain unchanged from its current rate of 5.1%.

Canada – Consensus estimates for the producer price index (PPI) for February call for a contraction of 0.2% month-over-month and for an increase of 2.1% year-over-year after the rise of 0.5% and 1.7% which was announced in the preceding month.

United States – The S&P/Case-Shiller Composite 20 Home Price Index is anticipated to increase by 0.9% month-over-month and 5.9% year-over-year. This would represent an improvement over January’s expansion of 0.8% and 5.7% respectively.

United States – March consumer confidence is called up by 1.8 points to 94.0 from the previous month’s level of 92.2.

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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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