+1 (866)-882-6854
+ 44 203-807-1675
Chat
23:22:37 GMT
Black & White

BINARY OPTIONS INSIGHTS FOR APRIL 8TH 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
X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
April 7th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

France reported a bigger-than-expected twin deficit for the month of February. The budget deficit swelled to €5.2 billion while the current account deficit rose to €3.9 billion. Adding to the negative tone was the downward revision to January in order to reflect a budget deficit of €3.9 billion and a current account deficit of €2.2 billion. Economists anticipated a smaller twin deficit of €3.8 billion and €1.0 billion respectively. Day-trading, if carried out properly, can yield bigger returns than a longer timed strategy.

The Halifax House Price Index for March out of the United Kingdom expanded by 2.6% month-over-month and 10.1% year-over-year. Consensus estimates called for a smaller rise of 0.7% and 9.5% following the previous month’s downward revised contraction of 1.5% month-over-month and unrevised increase of 9.7% year-over-year. The British Pound was able to push to the upside after the release of this economic report.

The Swiss consumer price index (CPI) for March is favored to rise by 0.3% month-over-month and to drop by 0.9% year-over-year. This would follow February’s increase of 0.2% and contraction of 0.8% respectively. The EU Harmonized CPI is expected to expand by 0.3% month-over-month and to decrease by 1.1% year-over-year after the growth rate of 0.2% and the decrease of 0.9% which was announced in the preceding month.

Today’s Binary Option Trading Recommendations Overview:
• EUR/USD – Binary Put Option
• EUR/JPY – Binary Call Option
• USD/CHF – Binary Call Option
• Silver – Binary Put Option
• FTSE 100 – Binary Call Option

Currency Pairs on today’s Radar Screen:
EUR/USD – The EUR/USD forced a momentum change from positive to negative with the breakdown below its horizontal resistance level. The 50 Day Moving Average (DMA) is trending to the downside above the 200 DMA which is ascending. The Accelerator Oscillator (AC) indicates the loss in upside pressure. The Relative Strength Index (RSI) is trading in neutral territory following the rise from oversold conditions.

EURUSD Binary Options Insights for April 8th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level. The EUR/USD is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.1350 on the H1 Hourly Chart. The downside potential for this binary put option is 170 pips to 1.1180 while the upside potential is 50 pips to 1.1400. This results in a risk/reward ratio of 3.40.

EUR/JPY – The EUR/JPY contracted from its horizontal resistance level down into its horizontal support level from where a price action reversal is expected. The descending 50 DMA continues to trade below the descending 200 DMA. The AC points towards the accumulation in positive momentum and the RSI is trading in neutral conditions as a result of the push above extreme oversold territory; a move into overbought levels is anticipated.

EURJPY Binary Options Insights for April 8th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level with a rise in upside pressure. The EUR/JPY is estimated to drift into its 50 DMA from where a breakout is favored. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 123.700 on the H1 Hourly Chart. The upside potential for this binary call option is 450 pips to 128.200 while the downside potential is 170 pips to 122.000. This results in a risk/reward ratio of 2.65.

USD/CHF – The USD/CHF is trending sideways above of its horizontal support level and negative momentum is fading. The 50 DMA is drifting sideways and remains below the 200 DMA which is descending. The AC shows the build-up in positive pressure in this currency pair as the RSI is trading in neutral territory after reversing from a brief drop into oversold conditions; a move into overbought levels is estimated to materialize.

USDCHF  Binary Options Insights for April 8th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading just above of its horizontal support level. The USD/CHF is expected to accelerate to the upside form current levels. Binary option traders are advised to seek binary call options in the USD/CHF currency pair on dips below 0.9570 on the H1 Hourly Chart. The upside potential for this binary call option is 190 pips to 0.9760 while the downside potential is 70 pips to 0.9500. This results in a risk/reward ratio of 2.71.

Today’s Commodity Trade
Silver – Silver advanced from its horizontal support level until it reached its descending resistance level which originated from its intra-day high of 15.527 recorded on March 31st 2016. The ascending 50 DMA is closing in on the sideways trending 200 DMA. The AC suggests a price action reversal due to the rise in downside pressure. The RSI is trading in neutral conditions following the drop down from overbought territory. An options calculator can give traders the most vital information prior to executing a trade.

Silver Today’s 04/08/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its descending resistance level as negative momentum is expanding. Silver is anticipated to retrace its advance to the downside. Binary option traders are advised to seek binary put options in Silver on rallies above 15.150 on the H1 Hourly Chart. The downside potential for this binary put option is 35 pips to 14.800 while the upside potential is 15 pips to 15.300. This results in a risk/reward ratio of 2.33.

Today’s Equity Index Recommendation
FTSE 100 – The FTSE 100 is being pressured to the upside by its ascending support level which emerged from its intra-day low of 6,060.0 reached on April 5th 2016. The 50 DMA is drifting to the downside and maintains its positions below the 200 DMA which is trending sideways with a negative bias. The AC favors a rise with the increase in positive momentum while the RSI is trading in neutral territory as a result of the push above oversold conditions.

FTSE 100 Today’s 04/08/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its ascending support level. The FTSE 100 is estimated to recover into its horizontal resistance level. Binary option traders are advised to seek binary call options in the FTSE 100 equity index on dips below 6,130.0 on the H1 Hourly Chart. The upside potential for this binary call option is 10,500 pips to 6,235.0 while the downside potential is 3,500 pips to 6,095.0. This results in a risk/reward ratio of 3.00.

Key Fundamental Data:

Japan – The current account surplus for February clocked in at ¥2,435.0 billion while the budget surplus was reported at ¥425.0 billion following January’s surplus of ¥520.8 billion and deficit of ¥411.0 billion.

Eurozone – Expectations for Dutch February manufacturing production call for an increase of 3.1% year-over-year after expanding by 2.8% in the preceding year.
Japan – Economists anticipate consumer confidence to rise by 0.4 points in March to 40.5 from February’s level of 40.1.
Switzerland – The March unemployment rate is called in at 3.6% which would mark an improvement over the 3.7% unemployment rate which was reported in the previous month.

Eurozone – Consensus estimates for industrial production out of Finland favor a contraction of 0.9% year-over-year for February following the preceding year’s drop of 2.0%.

Eurozone – Expectations for the German current account surplus call for an increase to €16.5 billion in February from January’s surplus of €13.2 billion. The German budget surplus is set to rise to €18.0 billion after the previous month’s surplus of €13.4 billion. Exports are estimated to increase by 0.5% month-over-month and imports are anticipated to decrease by 0.3% month-over-month. This would follow the contraction of 0.6% and expansion of 1.3% which was printed in January.

Japan – Economists anticipate the Eco Watchers Survey Current Index for the month of March to clock in at 46.4 while the Outlook Index is expected at 48.3 which would mark an improvement over the previous month’s reading of 44.6 and 48.2 respectively.

Eurozone – Industrial production out of France is set to decrease by 0.1% month-over-month and to expand by 1.6% in February year-over-year after posting a growth rate of 1.3% and 1.9% in January.

United Kingdom – Consensus estimates for February industrial production favor an increase of 0.1% month-over-month and reading of 0.0% year-over-over following the previous month’s rise of 0.3% and 0.2% respectively. Manufacturing production is anticipated to contract by 0.2% month-over-month and 0.7% year-over-year after January’s expansion of 0.7% and drop of 0.1%.

United Kingdom – Expectations for the February total trade deficit call for a decrease to £3.400 billion from the previous month’s deficit of £3.459 billion. The visible trade deficit is
called in at £10.200 billion and the non-EU deficit at £2.500 billion after being reported at £10.289 billion and £2.199 billion in the previous month respectively.

Canada – Economists anticipate the employment report for March to show the creation of 10,000 jobs and an unemployment rate of 7.3%. This would follow February’s loss of 2,300 jobs and unemployment rate of 7.3%. The labor force participation rate is called in at 65.9% for no change.

United States – February wholesale inventories are called down by 0.2% month-over-month as wholesale trade sales are called up by 0.2% after January’s rise of 0.2% and plunge of 1.7%.

Share Button
Adam Stone
Follow me

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
Follow me

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store