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BINARY OPTIONS INSIGHTS FOR APRIL 4TH 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
April 4th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Nationwide House Prices out of the United Kingdom for the month of March increased by 0.8% month-over-month and 5.7% year-over-year. This represented an improvement over the previous month’s upward revised increase of 0.4% month-over-month and unrevised expansion of 4.8% year-over-year. Consensus estimates were looking for a smaller growth rate of 0.4% and 5.1% respectively. The British Pound was unable to capitalize on this economic report and was pressured to the downside.

The United States released its non-farm payroll (NFP) report for March which showed the creation of 215,000 jobs and an unemployment rate of 5.0%. Expectations favored 205,000 job additions and an unemployment rate of 4.9% after February’s creation of 242,000 jobs and unemployment rate of 4.9%. Average hourly earnings rose by 0.3% month-over-month and 2.3% year-over-year after the previous month’s contraction of 0.1% and increase of 2.2% respectively. Economists anticipated an expansion of 0.2% and 2.2%.

The producer price index (PPI) out of the Eurozone for February will be released during today’s trading session and is estimated to contract by 0.6% month-over-month and 4.0% year-over-year. This would mark a decrease in deflationary pressures over January’s drop of 1.0% month-over-month, but an increase over the 2.9% plunge printed year-over-year. Different traders will use different binary options strategies on the same asset according to their view of the market as well as their trading personality.

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

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD is faced with an increase in negative pressure after dropping below its horizontal resistance level. The 50 Day Moving Average (DMA) is descending, but remains above the 200 DMA which is moving to the upside. The Accelerator Oscillator (AC) indicates the decrease in positive momentum. The Relative Strength Index (RSI) is trading in neutral territory as a result of the reversal from oversold conditions.

NZDUSD Binary Options Insights for April 4th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The NZD/USD is expected to accelerate to the downside. Binary option traders are advised to seek binary put options in the NZD/USD currency pair on rallies above 0.6865 on the H1 Hourly Chart. The downside potential for this binary put option is 195 pips to 0.6670 while the upside potential is 60 pips to 0.6925. This results in a risk/reward ratio of 3.25.

GBP/JPY – The GBP/JPY contracted from its horizontal resistance level into its horizontal support level from where a price action reversal is expected. The descending 50 DMA is closing in in the descending 200 DMA. The AC shows the accumulation in upside pressure in this currency pair while the RSI is trading in extreme oversold conditions following the move down from neutral territory; a breakout is favored to lead to a directional change.

GBPJPY Binary Options Insights for April 4th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level as positive momentum is on the rise. The GBP/JPY is anticipated to enter a counter-trend advance. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 158.800 on the H1 Hourly Chart. The upside potential for this binary call option is 375 pips to 162.550 while the downside potential is 155 pips to 157.250. This results in a risk/reward ratio of 2.42.

EUR/USD – The EUR/USD completed a breakdown below its horizontal resistance level which resulted in a momentum change to negative. The 50 DMA continues to trade above the 200 DMA as both moving averages are ascending. The AC suggests a move to the downside due to the formation of a negative divergence. The RSI is trading in neutral territory after recovering from a brief drop into oversold conditions.

EURUSD Binary Options Insights for April 4th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level. The EUR/USD is estimated to contract into its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.1385 on the H1 Hourly Chart. The downside potential for this binary put option is 240 pips to 1.1145 while the upside potential is 110 pips to 1.1495. This results in a risk/reward ratio of 2.18.

Today’s Commodity Trade
Silver – Silver forced a momentum change from negative to positive with the breakout above its horizontal support level. The descending 50 DMA maintains its position below the descending 200 DMA. The AC points towards the build-up in positive momentum and the RSI is trading in neutral conditions as a result of the advance from extreme oversold territory. Trading futures and binary options complement each other which is why many traders engage in both.

Silver Today’s 04/04/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level with an increase in upside pressure. Silver is expected to drift into its 200 DMA from where a breakout is anticipated to extend the reversal. Binary option traders are advised to seek binary call options in Silver on dips below 15.150 on the H1 Hourly Chart. The upside potential for this binary call option is 85 pips to 16.000 while the downside potential is 35 pips to 14.800. This results in a risk/reward ratio of 2.43.

Today’s Equity Index Recommendation
S&P 500 – The S&P 500 is testing the strength of its horizontal resistance level from where a breakout is unlikely to materialize. The 50 DMA is drifting higher above the 200 DMA which is advancing as well. The AC favors a move lower due to the retreat in upside pressure as the RSI is trading in overbought territory following the reversal from extreme overbought conditions; a drop into oversold levels is estimated to follow.

SP 500 Today’s 04/04/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level. The S&P 500 is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the S&P 500 equity index on rallies above 2,060.00 on the H1 Hourly Chart. The downside potential for this binary put option is 4,000 pips to 2,020.00 while the upside potential is 1,500 pips to 2,075.00. This results in a risk/reward ratio of 2.67.

Key Fundamental Data:

Australia – February retail sales came in at 0.0% month-over-month after posting an increase of 0.3% in the previous month. Economists anticipated a rise of 0.4%. Building approvals rose by 3.1% month-over-month, but dropped by 9.0% year-over-year following January’s upward revised plunge of 6.6% and 14.5% respectively.

India – Consensus estimates for the March Nikkei Manufacturing PMI call for a rise of 0.4 points to 51.5 from the 51.1 which was reported in the previous month.

Denmark – The unemployment rate for the month of February is favored to remain unchanged from its current rate of 4.4%.

Eurozone – Expectations for the Spanish employment change call for an increase of 21,300 in March after rising by 2,230 in February. Consumer confidence is set to decrease by 0.9 points to 94.3 from the previous month’s level of 95.2.

United Kingdom – Economists anticipate the March Markit/CIPS Construction PMI to clock in at 54.0, down 0.2 points from the 54.2 which was reported in February.

Eurozone – The Sentix Investor Confidence Index for the month of April is favored to increase to 7.0 following the previous month’s reading of 5.5.

Eurozone – Consensus estimates for the February unemployment rate call for no change from the 10.3% unemployment rate which was reported in the previous month. The Belgian unemployment rate is favored to improve to 7.8% from the 7.9% printed in January.

Israel – The budget balance for the month of March is anticipated to show a deficit of ILS1.3 billion which would represent an improvement over the previous month’s deficit of ILS2.4 billion.

Singapore – Expectations for the SIPMM Manufacturing PMI for March favor an improvement to 48.7, up 0.2 points from February’s level of 48.5 but still in contractionary territory below the key 50.0 mark.

United States – Economists anticipate the March New York ISM Index to increase by 3.8 points to 57.4 from the 53.6 which was announced in the preceding month.

United States – Factory orders for the month of February are called down by 1.7% month-over-month and excluding transportation by 0.2%. This would follow the rise of 1.6% and the decrease of 0.2% which was reported in January respectively.

United States – Consensus estimates for the March Federal Labor Market Conditions Index favor a reading of -0.8 after the previous month’s level of -2.4.

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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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