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BINARY OPTIONS INSIGHTS FOR MARCH 31ST 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 31st, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Consumer confidence out of Portugal for the month of March was reported at -11.3 while business confidence clocked in at 1.0. This represented no change over February’s consumer confidence of -11.3, but an increase over the 0.7 which was reported for business confidence. Greek consumer confidence for the same period dropped to -71.9 from the previous month’s level of -66.8 as business confidence improved to 90.1 from 89.0.

The ADP Employment report for March, which covers private sector jobs, showed the creation of 200,000 jobs. This came in slightly above expectations favoring the addition of only 194,000 jobs following the previous month’s increase of 214,000. Futures and options are usually influenced directly after the release of key economic data which is why technical traders need to be aware of the release time and potential impact before entering their orders.

The United Kingdom will release the final revision to its fourth-quarter of 2015 gross domestic product (GDP) which is favored to confirm the previously reported growth rate of 0.5% quarter-over-quarter and 1.9% year-over-year. Final total business investment is set to show a contraction of 2.1% quarter-over-quarter and an expansion of 2.4% year-over-year for no change from the initially printed data. The British Pound could be faced with a rise in volatility following the release of this economic report.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Put Option
• GBP/USD – Binary Put Option
• USD/CAD – Binary Call Option
• Platinum – Binary Put Option
• FTSE 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD has dropped below its horizontal resistance level which resulted in a momentum change to negative. The 50 Day Moving Average (DMA) is advancing and widening the gap to the 200 DMA which is drifting higher as well. The Accelerator Oscillator (AC) indicates the formation of a negative divergence. The Relative Strength Index (RSI) is trading in neutral territory as a result of the contraction from extreme overbought conditions.

NZDUSD Binary Options Insights for March 31st 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level. 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 0.6890 on the H1 Hourly Chart. The downside potential for this binary put option is 220 pips to 0.6670 while the upside potential is 75 pips to 0.6965. This results in a risk/reward ratio of 2.93.

GBP/USD – The GBP/USD reversed direction from its most recent intra-day high of 1.4459 which was recorded yesterday on March 30th 2016. The ascending 50 DMA maintains its position above the descending 200 DMA. The AC shows the formation of a negative divergence prior to the breakdown below its horizontal resistance level as the RSI is trading in neutral conditions after dropping below extreme overbought territory.

GBPUSD Binary Options Insights for March 31st 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level and downside momentum is increasing. The GBP/USD is estimated to plunge into its horizontal support level. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.4330 on the H1 Hourly Chart. The downside potential for this binary put option is 275 pips to 1.4055 while the upside potential is 130 pips to 1.4460. This results in a risk/reward ratio of 2.12.

USD/CAD – The USD/CAD descended from its horizontal resistance level until it stabilized inside of its horizontal support level from where a price action reversal started to emerge. The 50 DMA is moving lower and crossed below the 200 DMA which is trending sideways. The AC suggests an advance due to the formation of a positive divergence. The RSI is trading in neutral territory following the recovery from extreme oversold conditions.

USDCAD Binary Options Insights for March 31st 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. The USD/CAD is expected to extend the counter-trend move to the upside. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.3015 on the H1 Hourly Chart. The upside potential for this binary call option is 280 pips to 1.3295 while the downside potential is 105 pips to 1.2910. This results in a risk/reward ratio of 2.67.

Today’s Commodity Trade
Platinum – Platinum is being pressured to the downside by its descending resistance level which originated from its intra-day high of 997.7 reached on March 23rd 2016. The ascending 50 DMA is closing in on the descending 200 DMA. The AC points towards the accumulation in negative pressure and the RSI is trading in neutral conditions as a result of the plunge from extreme overbought territory. Different options trading strategies can yield different outcomes on the same asset.

Platinum Today’s 03/31/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its descending resistance level with an increase in downside momentum. Platinum is anticipated to retrace into its horizontal support level. Binary option traders are advised to seek binary put options in Platinum on rallies above 960.0 on the H1 Hourly Chart. The downside potential for this binary put option is 2,300 pips to 937.0 while the upside potential is 700 pips to 967.0. This results in a risk/reward ratio of 3.29.

Today’s Equity Index Recommendation
FTSE 100 – The FTSE 100 is depleting positive pressure below its horizontal resistance level. The 50 DMA is trading below the 200 DMA and both moving averages are trending sideways with a positive bias. The AC favors a contraction from current levels as downside momentum is building up while the RSI is trading in overbought territory after reversing a brief spike into extreme overbought conditions; a drop into oversold levels is expected.

FTSE 100 Today’s 03/31/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The FTSE 100 is estimated to contract from current levels. Binary option traders are advised to seek binary put options in the FTSE 100 equity index on rallies above 6,180.0 on the H1 Hourly Chart. The downside potential for this binary put option is 18,000 pips to 6,000.0 while the upside potential is 5,500 pips to 6,235.0. This results in a risk/reward ratio of 3.27.

Key Fundamental Data:

United Kingdom – GfK Consumer confidence for March was reported at 0.0, matching the previous month’s reading of 0.0. Expectations called for a level of -1.0.

Australia – HIA New Home Sales decreased by 5.3% month-over-month in February, partially reversing the downward revised increase of 0.6% which was announced in January. Private sector credit rose by 0.6% month-over-month and 6.6% year-over-year after the previous month’s rise of 0.5% and 6.5%.

Japan – Consensus estimates for February housing starts call for a drop of 2.4% year-over-year to 880,000 units in February as construction orders are favored to rise by 5.1%. This would follow January’s rise of 0.2% to 873,000 units and plunge of 13.8% respectively.

Eurozone – February retail sales out of Germany are expected to increase by 0.3% month-over-month and by 2.2% year-over-year. This would represent a slowdown over January’s rise of 0.7% month-over-month, but a reversal over the 0.8% contraction year-over-year.

Eurozone – Economists anticipate the preliminary French consumer price index (CPI) to expand by 0.4% month-over-month and by 0.2% year-over-year after rising by 0.3% and dropping by 0.2% in the preceding month. The EU Harmonized CPI is set to come in at 0.0% month-over-month and at an increase of 0.3% year-over-year after January’s decrease of 0.3% and rise of 0.6%. Household consumption is called up by 0.1% month-over-month, down from January’s expansion of 0.6%.

Eurozone – The preliminary Spanish CPI for February is favored to rise by 0.2% month-over-month and to contract by 0.4% year-over-year after the drop of 0.4% and 0.8% which was printed in January. The EU Harmonized CPI is estimated to increase by 0.3% month-over-month and to decrease by 0.6% year-over-year following the previous month’s contraction of 0.4% and 1.0% respectively. Retail sales are anticipated to show a growth rate of 0.2% month-over-month and 3.8% year-over-year after expanding by 0.4% and 3.3% in January.

United Kingdom – Expectations for February net consumer credit call for a reading of £1.3 billion and mortgage lending is favored to clock in at £3.6 billion. This would mark a slowdown over the previous month’s data which came in at £1.6 billion and £3.7 billion respectively.

Eurozone – The advanced March CPI is anticipated to decrease by 0.1% year-over-year while the core CPI, which excludes food and energy, is set to expand by 0.9% after dropping by 0.2% and rising by 0.8% in the previous CPI report.

Canada – Consensus estimates for the January gross domestic product (GDP) call for a growth rate of 0.3% month-over-month and 1.1% year-over-year, up from December’s rise of 0.2% and 0.5%.

United States
– Initial jobless claims for the week ending March 26th 2016 are expected to remain unchanged at 265K while continuing claims for the week ending March 19th 2016 are called up by 15,000 to 2,194,000. The Chicago Purchasing Managers Index (PMI) for March is estimated to increase by 2.9 points to 50.5 from February’s level of 47.6.

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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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