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BINARY OPTIONS INSIGHTS FOR APRIL 13TH 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 13th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The final revision for the March consumer price index (CPI) out of Germany confirmed the previously reported increase of 0.8% month-over-month and 0.3% year-over-year. The final EU Harmonized CPI showed a growth rate of 0.8% month-over-month and 0.1% year-over-year, also matching the initially reported expansion. The wholesale price index rose by 0.3% month-over-month and plunged by 2.6% year-over-year. Expectations favored a drop of 0.3% and 1.6% after February’s contraction of 0.5% and 1.9% respectively.

The NFIB Small Business Optimism Index for the month of March out of the United States clocked in at 92.6 after being reported at 92.9 in February. Economists anticipated a smaller decrease to 92.8. The Import Price Index rose by 0.2% month-over-month and dropped 6.1% year-over-year following the previous month’s downward revised contraction of 0.4% and unrevised drop of 6.1%. Consensus estimates favored an increase of 1.2% and a contraction of 4.6%.

The Bank of Canada (BoC) will announce its interest rate decision which is anticipated by economists to result in no change in interest rates from the current level of 0.50%. The Canadian Dollar is expected to witness a rise in trading volume as well as volatility after the release of the monetary policy report and the speech of BoC Governor Poloz. A day trader needs to remain updated with all fundamental developments throughout the trading day.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Put Option
• EUR/JPY – Binary Call Option
• USD/CAD – Binary Call Option
• Platinum – Binary Put Option
• NASDAQ 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD accelerated from its horizontal support level into its horizontal resistance level from where a corrective phase is expected. The ascending 50 Day Moving Average (DMA) crossed above the sideways trending 200 DMA. The Accelerator Oscillator (AC) shows the formation of a negative divergence and the Relative Strength Index (RSI) is trading in extreme overbought conditions after moving up from neutral territory.

AUDUSD Binary Options Insights for April 13th 2016
Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its horizontal resistance level. The AUD/USD is anticipated to reverse to the downside. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7690 on the H1 Hourly Chart. The downside potential for this binary put option is 200 pips to 0.7490 while the upside potential is 80 pips to 0.7770. This results in a risk/reward ratio of 2.50.

EUR/JPY – The EUR/JPY is grinding sideways just above of its horizontal support level and negative momentum is fading. The 50 DMA is drifting higher and is located below the 200 DMA which is descending. The AC indicates the rise in upside pressure for this currency pair. The RSI is trading in neutral territory following the drop down from overbought conditions; a retreat into oversold levels is expected.

EURJPY Binary Options Insights for April 13th 2016
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level as positive momentum is expanding. The EUR/JPY is estimated to accelerate in its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 124.000 on the H1 Hourly Chart. The upside potential for this binary call option is 415 pips to 128.150 while the downside potential is 145 pips to 122.550. This results in a risk/reward ratio of 2.86.

USD/CAD – The USD/CAD is validating the strength of its newly formed horizontal support level from where a breakdown is unlikely to materialize. The descending 50 DMA is increasing the distance to the descending 200 DMA. The AC favors a price action reversal due to the accumulation in positive momentum while the RSI is trading in extreme oversold conditions as a result of the contraction from neutral territory; a spike into overbought levels is anticipated.

USDCAD Binary Options Insights for April 13th 2016
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. The USD/CAD is expected to enter a counter-trend advance. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.2780 on the H1 Hourly Chart. The upside potential for this binary call option is 440 pips to 1.3220 while the downside potential is 135 pips to 1.2645. This results in a risk/reward ratio of 3.26.

Today’s Commodity Trade
Platinum – Platinum advanced into its horizontal resistance level from where a price action reversal is estimated to unfold. The 50 DMA is moving to the upside and widening the gap to the 200 DMA which is ascending at a slower pace. The AC points towards the emergence of a negative divergence in this precious metal as the RSI is trading in overbought territory after contracting from extreme overbought conditions.

Platinum Today’s 04/13/2016 Commodity Trade
Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its horizontal resistance level while downside pressure is building up. Platinum is anticipated to collapse into its horizontal support level. Binary option traders are advised to seek binary put options in Platinum on rallies above 990.0 on the H1 Hourly Chart. The downside potential for this binary put option is 5,450 pips to 935.5 while the upside potential is 1,750 pips to 1,007.5. This results in a risk/reward ratio of 3.11.

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 is being pressured to the downside by its descending resistance level which originated from its intra-day high of 4,546.50 recorded on April 7th 2016. The ascending 50 DMA maintains its position below the sideways trending 200 DMA which carries a positive bias. The AC suggests reversal while positive pressure is reversing. The RSI is trading in overbought conditions following the move up from oversold territory. New traders can attend binary option trading seminars.

NASDAQ 100 Today’s 04/13/2016 Equity Index Recommendation
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its descending resistance level. The NASDAQ 100 is estimated to enter a corrective phase. Binary option traders are advised to seek binary put options in the NASDAQ 100 equity index on rallies above 4,500.00 on the H1 Hourly Chart. The downside potential for this binary put option is 6,500 pips to 4,435.00 while the upside potential is 3,000 pips to 4,530.00. This results in a risk/reward ratio of 2.17.

Key Fundamental Data:

Japan – The Domestic Corporate Goods Price Index for March decreased by 0.1% month-over-month and 3.8% year-over-year following the previous month’s drop of 0.2% and 3.4% respectively. Consensus estimates called for a reading of 0.0% and a contraction of 3.5%.

Australia – The April Westpac Consumer Confidence Index contracted by 4.0% to 95.1 after dropping by 2.2% to 99.1 in March.

China – The trade surplus for the month of March clocked in at $29.86 billion. This marked a decrease over the previous month’s surplus of $32.59 billion. Economists anticipated a surplus of $34.95 billion. Exports increased by 11.5% year-over-year as imports dropped by 13.8% year-over-year following the preceding year’s plunge of 25.4% and 13.8% while expectations called for a rise of 10.0% and a contraction of 10.1%.

Eurozone – The Dutch budget surplus for February is set to come in at €3.30 billion, down from the surplus of €4.48 billion which was printed in January.

Eurozone – Expectations for the final revision to the French consumer price index (CPI) for March favor no change from the initially released rise of 0.7% month-over-month and decrease of 0.2% year-over-year. The EU Harmonized CPI is also expected to confirm the previously announced expansion of 0.7% month-over-month and drop of 0.1% year-over-year.

Eurozone – Economists anticipate the March CPI out of Spain to post a growth rate of 0.6% month-over-month and a contraction of 0.8% year-over-year for its final revision which would confirm the previously printed data. The EU Harmonized CPI is called up by 2.0% month-over-month and down by 1.0% year-over-year for no change from the initially reported figures.

Eurozone – Consensus estimates for industrial production for February favor a drop of 0.7% month-over-month and an expansion of 1.3% year-over-year after increasing by 2.1% and 2.8% in January.

United States – Advanced retail sales for the month of March are set to rise by 0.1% as retail sales excluding auto sales are estimated to increase by 0.4%. This would mark a reversal over the preceding month’s decrease of 0.1% and 0.1% respectively. Retail sales excluding auto and gas sales and retail sales in the control group are both anticipated to expand by 0.3% following February’s growth rate of 0.3% and reading of 0.0% respectively.

United States – Expectations for the March producer price index (PPI) call for an increase of 0.3% month-over-month and 0.3% year-over-year, up from the drop of 0.2% and level of 0.0% which was announced in the previous month. Excluding food and energy, the core PPI is estimated to rise by 0.1% month-over-month and 1.3% year-over-year after the reading of 0.0% and expansion of 1.2% which was released in February.

United States – Economists anticipate business inventories for February to contract by 0.1% month-over-month, reversing the previous month’s increase of 0.1%.

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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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