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BINARY OPTIONS INSIGHTS FOR APRIL 14TH 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 14th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Industrial production for the month of February out of the Eurozone posted a contraction of 0.8% month-over-month and an expansion of 0.8% year-over-year. This followed January’s downward revised increase of 1.9% month-over-month and upward revised growth rate of 2.9% year-over-year. Economists anticipated a smaller drop of 0.7% and a bigger rise of 1.3% respectively. The Euro was pressured to the downside during yesterday’s trading session.

The Bank of Canada (BoC) kept interest rate on hold at 0.50% which matched expectations. While the Canadian economy has struggled with the collapse in crude oil prices, the central bank believes that the current monetary policy will support economic expansion going forward. Binary options trading platform reviews indicate a short-term price action reversal for the Canadian Dollar following its solid move to the upside.

Consensus estimates for the March consumer price index (CPI) out of the US call for a growth rate of 0.2% month-over-month and 1.1% year-over-year. This would reverse the previous month’s decrease of 0.2% and represent an improvement over the rise of 1.0% year-over-year respectively. The core CPI, which excludes food and energy, is anticipated to expand by 0.2% month-over-month and 2.2% year-over-year; down from February’s rise of 0.3% and 2.3%.

Today’s Binary Option Trading Recommendations Overview:
• GBP/USD – Binary Call Option
• EUR/GBP – Binary Call Option
• USD/CHF – Binary Put Option
• Gold – Binary Put Option
• CAC 40 – Binary Put Option

Currency Pairs on today’s Radar Screen:
GBP/USD – The GBP/USD is being pressured higher by its ascending support level which can trace its origin to its intra-day low of 1.4005 reached on April 6th 2016. The 50 Day Moving Average (DMA) is drifting lower above the 200 DMA which is trending sideways. The Accelerator Oscillator (AC) indicates the emergence of a positive divergence while the Relative Strength Index (RSI) is trading in oversold territory following the push above extreme oversold conditions.

GBPUSD Binary Options Insights for April 14th 2016
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level, but below of its 200 DMA. The GBP/USD is estimated to advance further from current levels. Binary option traders are advised to seek binary call options in the GBP/USD currency pair on dips below 1.4175 on the H1 Hourly Chart. The upside potential for this binary call option is 170 pips to 1.4345 while the downside potential is 70 pips to 1.4105. This results in a risk/reward ratio of 2.43.

EUR/GBP – The EUR/GBP contracted from its horizontal resistance level into its horizontal support level from where a counter-trend advance is anticipated. The descending 50 DMA widening the gap to the descending 200 DMA. The AC favors an advance from current levels due to the emergence of a positive divergence. The RSI is trading in neutral conditions as a result of the recovery from extreme oversold territory.

EURGBP Binary Options Insights for April 14th 2016
Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading just above of its horizontal support level. The EUR/GBP is expected to recover into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7970 on the H1 Hourly Chart. The upside potential for this binary call option is 145 pips to 0.8115 while the downside potential is 45 pips to 0.7925. This results in a risk/reward ratio of 3.22.

USD/CHF – The USD/CHF is depleting positive momentum inside of its newly formed horizontal resistance level; a price action reversal is estimated to follow. The 50 DMA is ascending and crossed above the 200 DMA which is drifting higher as well. The AC points towards the formation of a negative divergence as the RSI is trading in extreme overbought territory after spiking higher from neutral conditions.

USDCHF Binary Options Insights for April 14th 2016
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level and upside pressure is fading. The USD/CHF is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 0.9650 on the H1 Hourly Chart. The downside potential for this binary put option is 150 pips to 0.9500 while the upside potential is 50 pips to 0.9700. This results in a risk/reward ratio of 3.00.

Today’s Commodity Trade
Gold – Gold is contracting inside a steep bearish price channel which formed after the breakdown below its horizontal resistance level. The descending 50 DMA maintains its positions above the sideways moving 200 DMA. The AC suggests a contraction due to the drop in upside momentum. The RSI is trading in extreme oversold conditions following the reversal from neutral territory. Trading puts in this precious metal is recommended.

Gold Today’s 04/14/2016 Commodity Trade
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its bearish price channel. Gold is estimated to extend its breakdown until it can challenge its horizontal support level. Binary option traders are advised to seek binary put options in Gold on rallies above 1,230.00 on the H1 Hourly Chart. The downside potential for this binary put option is 2,000 pips to 1,210.00 while the upside potential is 975 pips to 1,239.75. This results in a risk/reward ratio of 2.05.

Today’s Equity Index Recommendation
CAC 40 – The CAC 40 is validating its new horizontal resistance level from where positive pressure is being depleted. The 50 DMA is moving to the upside and completed a crossover above the 200 DMA which is drifting higher. The AC shows the contraction in upside momentum for this equity index and the RSI is trading in extreme overbought territory as a result of the advance from neutral territory; a breakdown is anticipated.

CAC 40 Today’s 04/16/2016 Equity Index Recommendation
Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its horizontal resistance level with a build-up in downside momentum. The CAC 40 is expected to collapse into its horizontal support level. Binary option traders are advised to seek binary put options in the CAC 40 equity index on rallies above 4,475.0 on the H1 Hourly Chart. The downside potential for this binary put option is 26,500 pips to 4,210.0 while the upside potential is 10,500 pips to 4,580.0. This results in a risk/reward ratio of 2.52.

Key Fundamental Data:

New Zealand – The March Business NZ Performance of Manufacturing Index clocked in at 54.7 following the downward revised reading of 55.9 which was reported in February.

Japan – Investors sold ¥1,175.3 billion worth of foreign bonds and ¥206.0 billion worth of foreign equities in the week ending April 8th 2016 after the previous week’s sale of ¥1,555.5 billion worth of foreign bonds and ¥47.8 billion worth of foreign equities.

Singapore – The advanced first-quarter gross domestic product (GDP) showed a level of 0.0% quarter-over-quarter and a growth rate of 1.8% year-over-year following the previously printed expansion of 0.1% and 2.0% respectively.

Australia – Consumer inflation expectations for April came in at 3.6%, up from the previous month’s reading of 3.4%. The March unemployment change showed the addition of 26,100 jobs and an unemployment rate of 5.7% following February’s loss of 800 jobs and unemployment rate of 5.8%. 8,800 full-time positions were lost and 34,900 part-time jobs created while the labor force participation rate came in at 64.9%. In February 13,900 full-time positions were added and 14,700 part-time jobs lost as the labor force participation rate was reported at 64.9%.

Eurozone – Expectations for the March consumer price index (CPI) out of Finland call for a rise of 0.2% month-over-month and 0.1% year-over-year after February’s increase of 0.1% and decrease of 0.1%. The Austrian CPI is estimated to expand by 0.5% month-over-month and 1.1% year-over-year following the growth rate of 0.1% and 1.0% which was reported in the preceding month respectively.

Switzerland – Economists anticipate producer & import prices for March to contract by 0.2% month-over-month and 5.0% year-over-year after February’s drop of 0.6% and 4.6%.

Eurozone – Consensus estimates for the final revision to the March CPI out of Italy call for no change from the previously announced rise of 0.2% month-over-month and 0.2% drop year-over-year. The final EU Harmonized CPI is called up by 2.0% month-over-month and down by 0.3% year-over-year, confirming the initially printed data.

Eurozone – The final revision to the CPI favor a drop of 0.1% month-over-month and an expansion of 1.0% year-over-year after decreasing by 0.2% and rising by 1.0% in the previous March CPI report.

United Kingdom – The Bank of England is set to keep interest rates on hold at 0.50% and the asset purchase target unchanged at £375 billion.

Canada – Expectations for the February New Housing Price Index favor an expansion of 0.1% month-over-month and 1.8% year-over-year for no change from the previous month’s increase.

United States – Economists anticipate initial jobless claims to rise by 3,000 to 270,000 in the week ending April 9th 2016 as continuing claims for the week ending April 2nd 2016 are expected to decrease by 8,000 to 2,183,000.

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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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