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BINARY OPTIONS INSIGHTS FOR MARCH 30TH 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 30th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Small business confidence out of Japan remained in contractionary territory in March with a reading of 48.8. Economists anticipated an increase to 49.0 from the previous month’s level of 47.9. Japan has been exposed to economic data which indicated a contracting economy. Binary options traders use call and put options in order to indicate the direction of the expiry; call options are used if the price is favored to expand and put options if the price is set to contract.

The United States released its S&P/Case-Shiller Composite-20 Index for the month of January which posted a rise of 0.8% month-over-month and 5.8% year-over-year. This represented no change from December’s increase of 0.8% month-over-month, but an improvement over the 5.7% expansion year-over-year. Expectations called for a smaller rise of 0.7% and 5.7% respectively. The US Dollar was faced with a spike in downside pressure throughout the trading session.

Germany will release its preliminary March consumer price index (CPI) which is set to show an increase of 0.6% month-over-month and 0.2% year-over-year. This would represent a rise over the previous month’s expansion of 0.4% and reading of 0.0% respectively. The EU Harmonized CPI is expected to increase by 0.6% month-over-month and to contract by 0.1% year-over-year following February’s rise of 0.4% and drop of 0.2%.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Put Option
• EUR/GBP – Binary Call Option
• EUR/CHF – Binary Put Option
• Crude Oil – Binary Call Option
• NASDAQ 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD spiked from its intra-day low of 0.7510 which was reached yesterday on March 29th 2016 into its horizontal resistance level. The ascending 50 Day Moving Average (DMA) is closing in on the sideways trending 200 DMA. The Accelerator Oscillator (AC) shows the build-up in downside momentum as the Relative Strength Index (RSI) is trading in overbought conditions following the reversal from extreme overbought territory.

AUDUSD Binary Options Insights for March 30th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level with a rise in negative pressure. The AUD/USD is expected to retreat into its horizontal support level. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7615 on the H1 Hourly Chart. The downside potential for this binary put option is 140 pips to 0.7475 while the upside potential is 65 pips to 0.7680. This results in a risk/reward ratio of 2.15.

EUR/GBP – The EUR/GBP is being pressured to the upside by its ascending support level which originated from its intra-day low of 0.7774 recorded on March 18th 2016. The 50 DMA is moving to the downside and crossed below the 200 DMA which is drifting higher. The AC points towards the increase in positive pressure. The RSI is trading in neutral territory as a result of the breakout from extreme oversold conditions.

EURGBP  Binary Options Insights for March 30th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level. The EUR/GBP is anticipated to push above its 200 DMA and advance further. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7860 on the H1 Hourly Chart. The upside potential for this binary call option is 85 pips to 0.7945 while the downside potential is 30 pips to 0.7830. This results in a risk/reward ratio of 2.83.

EUR/CHF – The EUR/CHF accelerated to the upside after touching the upper end of its horizontal support level until it reached its descending resistance level. The ascending 50 DMA is narrowing the gap to the descending 200 DMA, pending a crossover. The AC indicates the emergence of a negative divergence in this currency pair and the RSI is trading in neutral conditions after dropping down from overbought territory which added to the increase in downside momentum.

EURCHF  Binary Options Insights for March 30th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its descending resistance level as negative pressure is expanding. The EUR/CHF is estimated to contract to the downside. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.0910 on the H1 Hourly Chart. The downside potential for this binary put option is 35 pips to 1.0875 while the upside potential is 15 pips to 1.0925. This results in a risk/reward ratio of 2.33.

Today’s Commodity Trade
Crude Oil – Crude Oil has stabilized inside of its horizontal support level from where a price action reversal emerged. The 50 DMA is drifting lower and widening the distance to the 200 DMA which is advancing. The AC favors an extension of the reversal due to the accumulation in positive momentum while the RSI is trading in neutral territory following the move higher from extreme oversold conditions; a spike into overbought levels is favored to emerge.

Crude Oil Today’s 03/30/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level, but below its 50 DMA. Crude Oil is expected to add to the counter-trend move to the upside. Binary option traders are advised to seek binary call options in Crude Oil on dips below 38.85 on the H1 Hourly Chart. The upside potential for this binary call option is 300 pips to 41.85 while the downside potential is 95 pips to 37.90. This results in a risk/reward ratio of 3.16.

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 halted its move higher after validating a newly formed horizontal resistance level. The ascending 50 DMA continues to trade above the ascending 200 DMA. The AC suggests a counter-trend contraction while downside pressure is accumulating. The RSI is trading in extreme overbought conditions as a result of the move higher from oversold territory. Option pricing is influenced directly by the underlying asset.

NASDAQ 100 Today’s 03/30/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level and negative momentum is on the rise. The NASDAQ 100 is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in the NASDAQ 100 equity index on rallies above 4,460.00 on the H1 Hourly Chart. The downside potential for this binary put option is 9,000 pips to 4,370.00 while the upside potential is 4,000 pips to 4,500.00. This results in a risk/reward ratio of 2.25.

Key Fundamental Data:

Japan – Preliminary February industrial production decreased by 6.2% month-over-month and by 1.5% year-over-year. Economists anticipated a contraction of 0.3% and 3.4% after the rise of 3.7% and plunge of 3.8% which was reported in January respectively.

Eurozone – Expectations for business confidence out of the Netherlands in March call for a reading of 3.2, up slightly from the previous month’s level of 3.1. Finish business confidence is estimated to improve to a level of -10.3 from February’s reading of -10.6.

Switzerland – Economists anticipate the February UBS Consumption Indicator to decrease to 1.63 from January’s level of 1.66 while KOF Leading Indicators for the month of March are called down by 0.6 points to 101.8 from February’s reading of 102.4.

Eurozone – Consumer confidence out of Austria for March is expected to clock in at -16.4 while business confidence is expected at -10.5. This would follow February’s reading of -17.0 and -12.5 respectively.

Eurozone – Consensus estimates for March consumer confidence as well as business confidence out of Portugal call for a level of -11.8 and 0.6 after being reported at -11.3 and 0.7 in the previous month.

Eurozone – Service confidence for March is favored to come in at 10.3 and Economic Confidence at 103.8 following February’s level of 10.6 and 103.8. Industrial confidence is expected at -4.4 after the previous month’s reading of -4.0. The final revision to Consumer Confidence is set to remain unchanged at -9.7 and the Business Climate Indicator is called down to 0.0 from February’s 0.07.

Eurozone – Expectations for Greek consumer confidence favor a level of -59.9 as business confidence is called in at 87.9 in March following the -66.8 and 89.0 which was announced in February.

Eurozone – Economists anticipate residential property prices in Ireland to show a drop of 0.2% month-over-month and a rise of 7.4% year-over-year in February after being reported as a contraction of 0.5% and an expansion of 7.6% in January. Retail sales are called down by 0.3% month-over-month and up by 8.7% year-over-year. This would mark a slowdown over February’s increase of 4.1% and 10.3%.

Eurozone – Portuguese February retail sales are favored to decrease by 2.1% month-over-month and to increase by 0.9% year-over-year after the preceding month’s rise of 5.9% and 1.2%. Industrial production is anticipated to contract by 0.8% month-over-month and to expand by 0.4% year-over-year following the rise of 0.8% and 0.7% which was printed in January.

United States – Consensus estimates for the March ADP Employment report call for the addition of 194,000 jobs, down from the previous month’s addition of 214,000 private sector jobs.

United States – The Energy Information Agency (EIA) is favored to report the build-up of 1,400,000 barrels in crude oil inventories and the drawdown of 1,678,900 barrels in gasoline inventories for the week ending March 25th 2016. This would follow the previous week’s increase of 9,357,000 barrels and decrease of 4,642,000 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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