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BINARY OPTIONS INSIGHTS FOR APRIL 7TH 2016

GBP/USD 1.25030 20:50 23.01
ALIBABA 98.255 20:45 23.01
GBP/USD 1.25057 20:40 23.01
BitCoin/CNY 6351.435 20:30 23.01
WELLS FARGO 54.405 20:30 23.01
TOYOTA (US) 118.250 20:30 23.01
COLGATE-PALMOLIVE 67.585 20:30 23.01
FERRARI 61.165 20:30 23.01
TSX 60 916.940 20:30 23.01
ALIBABA 98.210 20:30 23.01
BOEING 157.820 20:30 23.01
AUD/USD 0.75746 20:30 23.01
AUD/JPY 85.603 20:30 23.01
GBP/USD 1.25058 20:30 23.01
GENERAL ELECTRIC 29.645 20:30 23.01
S&P 500 2264.620 20:30 23.01
JP MORGAN CHASE 83.745 20:30 23.01
SILVER 17.171 20:30 23.01
AIG 65.535 20:30 23.01
USD/CAD 1.32506 20:30 23.01
GOLD 1215.815 20:30 23.01
DOW 19792.84 20:30 23.01
AUD/CAD 1.00366 20:30 23.01
DOLLAR INDEX-MAR17 100.135 20:30 23.01
3M 178.245 20:30 23.01
GOLD VS SILVER 70.8022 20:30 23.01
CITIGROUP 55.895 20:30 23.01
CITIGROUP VS AIG 0.85303 20:30 23.01
McDONALD'S 121.320 20:30 23.01
LAS VEGAS SANDS 55.485 20:30 23.01
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By: Adam Stone
April 7th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Industrial production out of Germany for the month of February decreased by 0.5% month-over-month and expanded 1.3% year-over-year. This marked a reversal over January’s downward revised increase of 2.3% month-over-month and a slowdown over the downward revised growth rate of 1.8% year-over-year. Consensus estimates favored a bigger contraction of 1.8% and a smaller rise of 0.4% respectively. The Euro was able to move higher following the release of this economic report.

March consumer confidence out of Ireland dropped to 100.6, down 5.2 points from the previous month’s level of 105.8. Economists anticipated an increase of 0.4 points to 106.2. A decrease in consumer confidence may translate into a decrease in consumer spending. Paper trading is often used by new traders in order to test their own understanding of the market as well as their strategy before opening and funding a live trading account.

Initial jobless claims out of the United States for the week ending April 2nd 2016 are expected to decrease by 6,000 to 270,000 from the previous week’s level of 276,000. Continuing claims for the week ending March 26th 2016 are anticipated to drop by 3,000 to 2,170,000 from the 2,173,000 which was announced in the preceding week. Given the lack of other economic data from the US, the US Dollar could be exposed to a rise in trading volume following the release.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Call Option
• GBP/USD – Binary Call Option
• EUR/CHF – Binary Call Option
• Gold – Binary Call Option
• S&P 500 – Binary Put Option

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD enter a directional change after reaching its intra-day low of 0.7510 on April 5th 2016. The ascending 50 Day Moving Average (DMA) continues to trade below the ascending 200 DMA. The Accelerator Oscillator (AC) shows the build-up in positive momentum while the Relative Strength Index (RSI) is trading in overbought conditions as a result of the move up from oversold territory.

AUDUSD Binary Options Insights for April 7th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level and upside pressure is rising. The AUD/USD is expected to accelerate to the upside. Binary option traders are advised to seek binary call options in the AUD/USD currency pair on dips below 0.7615 on the H1 Hourly Chart. The upside potential for this binary call option is 105 pips to 0.7720 while the downside potential is 50 pips to 0.7565. This results in a risk/reward ratio of 2.10.

GBP/USD – The GBP/USD forced a momentum change from negative to positive with the breakout above its horizontal support level. The 50 DMA is moving to the downside and widening the gap to the 200 DMA which is trending sideways. The AC indicates the accumulation in upside pressure. The RSI is trading neutral territory after spiking higher from extreme oversold conditions; a rise into overbought levels is expected.

GBPUSD  Binary Options Insights for April 7th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. The GBP/USD is anticipated to extend its advance until it will reach its horizontal resistance level. Binary option traders are advised to seek binary call options in the GBP/USD currency pair on dips below 1.4130 on the H1 Hourly Chart. The upside potential for this binary call option is 330 pips to 1.4460 while the downside potential is 130 pips to 1.4000. This results in a risk/reward ratio of 2.54.

EUR/CHF – The EUR/CHF is exposed to a rise in upside momentum as a result of the move above its horizontal support level. The descending 50 DMA is increasing the distance to the descending 200 DMA. The AC suggests further upside due to the expansion of positive pressure and the RSI is trading in neutral conditions following the reversal from a brief spike into overbought territory; a move back into overbought levels is anticipated to follow.

EURCHF Binary Options Insights for April 7th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading above of its horizontal support level, but below of its 200 DMA. The EUR/CHF is estimated to move into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/CHF currency pair on dips below 1.0905 on the H1 Hourly Chart. The upside potential for this binary call option is 50 pips to 1.0955 while the downside potential is 20 pips to 1.0885. This results in a risk/reward ratio of 2.50.

Today’s Commodity Trade
Gold – Gold is being pressured higher by its ascending support level which can trace its origin to its intra-day low of 1,208.90 recorded on April 1st 2016. The 50 DMA is advancing and crossed above the 200 DMA which is trending sideways. The AC favors more upside in this precious metal with the rise in positive momentum. The RSI is trading in neutral territory as a result of the recovery from a dip into extreme oversold conditions.

Gold Today’s 04/07/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its ascending support level. Gold is expected to be guided into its horizontal resistance level. Binary option traders are advised to seek binary call options in Gold on dips below 1,227.00 on the H1 Hourly Chart. The upside potential for this binary call option is 1,700 pips to 1,244.00 while the downside potential is 700 pips to 1,220.00. This results in a risk/reward ratio of 2.43.

Today’s Equity Index Recommendation
S&P 500 – The S&P 500 is confided to its trading range between its horizontal support level and its horizontal resistance level. The descending 50 DMA is closing in on the ascending 200 DMA, pending a crossover. The AC points towards the loss in upside pressure as the RSI is trading in overbought conditions after ascending from oversold territory. What are stock options? Stock options are derivatives which follow price action of the underlying asset, but carry an expiry time.

SP 500 Today’s 04/07/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level, but above of its 200 DMA. The S&P 500 is anticipated to correct to the downside. 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 3,200 pips to 2,028.00 while the upside potential is 1,500 pips to 2,075.00. This results in a risk/reward ratio of 2.13.

Key Fundamental Data:

Australia – The AiG Construction Index for the month of March was reported at 45.2 after clocking in at 46.1 on February.

Japan – Investors sold ¥1,555.1 billion worth of foreign bonds and ¥50.1 billion worth of foreign equities for the week ending April 1st 2016. This followed the previous week’s purchase of ¥1,164.1 billion worth of foreign bonds and sale of ¥30.0 billion worth of foreign equities.

Taiwan – The consumer price index (CPI) for March decreased by 0.6% month-over-month and rose by 2.0% year-over-year following February’s expansion of 1.9% and 2.4% respectively.

Eurozone – The March CPI out of the Netherlands is set to increase by 0.7% year-over-year after posting a rise of 0.6% in the preceding year.

Eurozone – Consensus estimates for the February Finish trade balance favor a deficit of €88.8 million following the €320.0 million deficit which was announced in January.

Eurozone – Expectations for the French trade deficit as well as current account deficit for the month of February favor a level of €3.8 billion and €1.0 billion respectively after the previous month’s deficit of €3.7 billion and €1.4 billion.

Denmark – Economists anticipate industrial production for February to decrease by 2.0% month-over-month and 0.3% year-over-year, reversing the rise of 2.5% and 1.4% which was printed in January.

Eurozone – Industrial production for the month of February out of Spain is expected to increase by 3.2% year-over-year, down from the previous year’s rise of 3.5%.

United Kingdom – Consensus estimates for the Halifax House Price Index favor a growth rate of 0.8% month-over-month and 9.5% year-over-year in March. This would mark a partial reversal over 1.4% drop which was reported in February month-over-month, but a slowdown over the 9.7% rise year-over-year.

Norway – Expectations for February industrial production call for an expansion of 0.2% month-over-month and 0.5% year-over-year following the reading of 0.0% and decrease of 0.2% which was reported in January respectively.

Eurozone – Economists anticipate the Greek trade deficit for February to clock in at €2.1 billion, up from the previous month’s deficit of €1.2 billion.

Eurozone – The Irish CPI is estimated to rise by 0.1% month-over-month and 0.2% year-over-year in March following the increase of 0.4% and contraction of 0.1% which was printed in February. The EU Harmonized CPI is called up by 0.3% month-over-month and 0.1% year-over-year after expanding by 0.4% and contracting by 0.2% in the preceding month.

United States – Consumer credit for the month of February is expected to increase to $14.900 billion from January’s level of $10.538 billion.

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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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