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BINARY OPTIONS INSIGHTS FOR APRIL 5TH 2016

BitCoin/CNY 6263.480 23:00 17.01
NZD/JPY 81.341 23:00 17.01
AUD/USD 0.75578 23:00 17.01
AUD/JPY 85.251 23:00 17.01
EUR/JPY 120.804 23:00 17.01
USD/JPY 112.794 23:00 17.01
EUR/USD 1.07108 23:00 17.01
AUD/NZD 1.04809 23:00 17.01
NZD/USD 0.72115 23:00 17.01
CAD/JPY 86.467 23:00 17.01
GBP/JPY 139.897 23:00 17.01
BitCoin/CNY 6264.060 22:30 17.01
NZD/JPY 81.294 22:30 17.01
AUD/USD 0.75594 22:30 17.01
AUD/JPY 85.194 22:30 17.01
EUR/JPY 120.721 22:30 17.01
EUR/USD 1.07112 22:30 17.01
USD/JPY 112.707 22:30 17.01
BitCoin/CNY 6191.350 22:00 17.01
AUD/NZD 1.04843 22:00 17.01
NZD/USD 0.72165 22:00 17.01
CAD/JPY 86.347 22:00 17.01
NZD/JPY 81.262 22:00 17.01
AUD/USD 0.75675 22:00 17.01
AUD/JPY 85.208 22:00 17.01
GBP/JPY 139.822 22:00 17.01
EUR/JPY 120.657 22:00 17.01
USD/JPY 112.621 22:00 17.01
EUR/USD 1.07137 22:00 17.01
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By: Adam Stone
April 5th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The Eurozone Sentix Investor Confidence Index for April clocked in at 5.7. This was slightly above the previous month’s reading of 5.5, but missed consensus estimates for a bigger increase to 7.0. This forward looking indicator suggests a continuation of sentiment from the first-quarter into the second-quarter. The Eurozone unemployment rate decreased to 10.3% in February, down from January’s upward revised level of 10.4% and in-line with expectations.

The New York ISM Index unexpectedly decreased to 50.4 in March, hovering just above the key 50.0 mark which separates expansion from contraction. Economists anticipated an increase to 57.4, up 3.8 points from the 53.6 which was announced in the preceding month. The Labor Market Conditions Index Change clocked in at -2.1 following the downward revised level of -2.5 which was reported in February and worse than the reading of -0.8 which was expected.

Retail sales out of the Eurozone for the month of February are called in at 0.0% month-over-month and up by 1.9% year-over-year. This would represent a slowdown over January’s growth rate of 0.4% and 2.0% respectively. The Euro could be exposed to an increase in downside pressure after the release of this economic report. What are options? Options are derivatives which follow the moves of the underlying security, but carry an expiry date.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Put Option
• USD/JPY – Binary Call Option
• EUR/CHF – Binary Put Option
• Crude Oil – Binary Call Option
• CAC 40 – Binary Call Option

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD is moving lower inside of its bearish price channel which formed following the breakdown below its horizontal resistance level. The descending 50 Day Moving Average (DMA) continues to trade above the ascending 200 DMA. The Accelerator Oscillator (AC) shows the contraction in upside pressure and the Relative Strength Index (RSI) is trading in extreme oversold conditions after descending from neutral territory.

AUDUSD  Binary Options Insights for April 5th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its bearish price channel with an increase in negative momentum. The AUD/USD is anticipated to descend into its horizontal support level. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7560 on the H1 Hourly Chart. The downside potential for this binary put option is 80 pips to 0.7480 while the upside potential is 40 pips to 0.7600. This results in a risk/reward ratio of 2.00.

USD/JPY – The USD/JPY is depleting downside pressure inside of its horizontal support level from where a breakdown is unlikely to materialize. The 50 DMA is moving lower and increasing the distance to the 200 DMA which is descending at a slower pace. The AC favors an advance due to the formation of a positive divergence in this currency pair. The RSI is trading in extreme oversold territory following the move lower from neutral conditions.

USDJPY  Binary Options Insights for April 5th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The USD/JPY is estimated to recover to the upside. Binary option traders are advised to seek binary call options in the USD/JPY currency pair on dips below 111.000 on the H1 Hourly Chart. The upside potential for this binary call option is 280 pips to 113.800 while the downside potential is 100 pips to 110.000. This results in a risk/reward ratio of 2.80.

EUR/CHF – The EUR/CHF is trending sideways in the middle of its trading range between its horizontal support level and its horizontal resistance level. The descending 50 DMA maintains its positions above the ascending 200 DMA. The AC indicates the contraction in positive pressure while the RSI is trading in neutral conditions as a result of the advance from oversold territory; a plunge into extreme oversold levels is anticipated.

EURCHF  Binary Options Insights for April 5th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading above of its 200 DMA, but below of its 50 DMA. The EUR/CHF is expected to accelerate into its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.0915 on the H1 Hourly Chart. The downside potential for this binary put option is 40 pips to 1.0875 while the upside potential is 15 pips to 1.0930. This results in a risk/reward ratio of 2.67.

Today’s Commodity Trade
Crude Oil – Crude Oil has ended its move lower after reaching its horizontal support level as downside pressure is fading. The 50 DMA is trading below the 200 DMA and both moving averages are descending. The AC suggests a price action reversal while a positive divergence emerged in this commodity. The RSI is trading in oversold territory after reversing from extreme oversold conditions; a spike into overbought levels is estimated to follow.

Crude Oil Today’s 04/05/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading inside of its horizontal support level. Crude Oil is anticipated to enter a counter-trend advance from current levels. Binary option traders are advised to seek binary call options in Crude Oil on dips below 35.75 on the H1 Hourly Chart. The upside potential for this binary call option is 555 pips to 41.30 while the downside potential is 175 pips to 34.00. This results in a risk/reward ratio of 3.17.

Today’s Equity Index Recommendation
CAC 40 – The CAC 40 forced a momentum change from negative to positive with the breakout above its horizontal support level. The descending 50 DMA remains below the descending 200 DMA. The AC points towards the build-up in positive momentum as the RSI is trading in neutral conditions following the reversal from extreme oversold territory. There are plenty of free stock trading resources available to traders which can make their decision making more informed.

CAC 40 Today’s 04/05/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level, but below of its 50 DMA. The CAC 40 is estimated to complete a breakout above its 200 DMA and extend its move to the upside. Binary option traders are advised to seek binary call options in the CAC 40 equity index on dips below 4,345.0 on the H1 Hourly Chart. The upside potential for this binary call option is 17,500 pips to 4,520.0 while the downside potential is 5,500 pips to 4,290.0. This results in a risk/reward ratio of 3.18.

Key Fundamental Data:

Australia – The AiG Performance of Services Index for March dropped to 49.5 after being reported at 51.8 in February.
Japan – Labor cash earnings for the month of February posted an increase of 0.9% year-over-year following the previous year’s downward revised reading of 0.0%. Estimates favored a rise of 0.2%.

Australia – The trade deficit for February clocked in at A$3.410 billion, up from the A$3.156 billion deficit which was announced in January. Expectations called for a deficit of A$2.500 billion.

Japan – The Nikkei Composite PMI for the month of March was reported at 49.9 while the Nikkei Services PMI came in at 50.0 after the previous month’s reading of 51.0 and 51.2 respectively.

Australia – The Reserve Bank of Australia is anticipated to keep its benchmark interest rate on hold at 2.00%.

Eurozone – Consensus estimates for the Irish Investec Services PMI favor a rise to 62.2 in March from the 62.1 which was reported in February. The Spanish Markit Services PMI is set to increase to 54.5 from 54.1 while the Italian Markit/ADACI Services PMI is called in at 54.2, up 0.4 points from February’s 53.8.

India – The Reserve Bank of India (RBI) is expected to announce an interest rate cut of 25 basis points from 6.75% to 6.50%.The cash reserve ratio is set to remain unchanged at 4.00%.

Eurozone – Economists anticipate German factor orders to expand by 0.3% month-over-month and 2.2% year-over-year in February. This would follow the previous month’s drop of 0.1% and rise of 1.1%.

Eurozone – The final revision to the March Markit Composite PMI and Markit Services PMI call for no change from the initially reported level of 53.7 and 54.0. The French Markit Composite PMI and Markit Services PMI are also favored to remain unchanged at 51.1 and 51.2 and so are the German Markit Composite PMI and Markit Services PMI at 54.1 and 55.5 respectively.

United Kingdom – The Markit/CIPS Composite PMI is expected to rise to 53.4 in March from the previous month’s level of 52.8 while the Markit/CIPS Services PMI is set to increase to 53.5 from 52.7.

Canada – Consensus estimates for the February merchandise trade deficit favor an increase to C$0.75 billion from January’s deficit of C$0.66 billion.

United States – Expectations for the trade balance for the month of February call for a deficit of $46.2 billion, up from the deficit of$45.7 billion which was printed in the preceding month.

United States – The final revision to the Markit Composite PMI and Markit Services PMI for the month of March is set to confirm the previously reported levels of 51.1 and 51.0 respectively.

United States – Economists anticipate the March ISM Non-Manufacturing PMI to expand by 0.7 points to 54.1 from the 53.4 which was reported in February. The IBD/TIPP Economic Optimism Index is called in at 47.5 following the previous month’s reading of 46.8.

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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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