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BINARY OPTIONS INSIGHTS FOR APRIL 18TH 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 18th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The United Kingdom reported construction output for the month of February which posted a contraction of 0.3% month-over-month and a rise of 0.3% year-over-year. This came in below estimates for a reading of 0.0% and an increase of 0.7%. Adding to the negative economic release was the downward revision to the previous month in order to reflect a drop of 0.4% month-over-month and 0.9% year-over-year. The British Pound remained stable following the announcement.

The trade balance for February out of the Eurozone posted a surplus of €19.0 billion after being reported as an upward revised surplus of €8.0 billion in January; expectations favored a slightly bigger surplus of €20.8 billion. The Italian trade surplus rose to €3.86 billion, up from the previous month’s downward revised surplus of $30.00 million as the Irish surplus clocked in at €3.77 billion; this came in below the estimated surplus of €4.20 billion as well as below the preceding month’s downward revised surplus of €4.80 billion. The Belgian trade surplus decreased to €1,025.0 million in February from January’s unrevised surplus of €1,909.1 million, but above the expected surplus of €893.8 million.

The United States will release its National Association of Home Builders (NAHB) Housing Market Index for April which is anticipated to come in at 59.0. This would represent an increase over the level of 58.0 which was announced in the previous month. What is the best binary options broker? GOptions has been at the forefront of the binary options marketplace with an unrivaled expertise and wide range of tradeable instruments matched with superior customer service in a safe, secure and professional trading environment.

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

Currency Pairs on today’s Radar Screen:
GBP/JPY – The GBP/JPY descended from its horizontal resistance level into its ascending support level. The 50 Day Moving Average (DMA) is moving to the downside above its 200 DMA which is also descending. The Accelerator Oscillator (AC) points towards the reversal in upside pressure from its most recent low and the Relative Strength Index (RSI) is trading in extreme oversold territory as a result of the move down from neutral conditions.

GBPJPY Binary Options Insights for April 18th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading above of its ascending support level. The GBP/JPY is anticipated to recover to the upside from current levels. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 153.000 on the H1 Hourly Chart. The upside potential for this binary call option is 275 pips to 155.750 while the downside potential is 100 pips to 152.000. This results in a risk/reward ratio of 2.75.

EUR/CHF – The EUR/CHF advanced from its horizontal support level into its horizontal resistance level from where a price action reversal is expected. The ascending 50 DMA continues to trade above the ascending 200 DMA. The AC favors a contraction due to the build-up in negative momentum. The RSI is trading in neutral conditions after moving lower from overbought territory; a drop in oversold levels is anticipated to follow.

USDCHF Binary Options Insights for April 18th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading just below of its horizontal resistance level with a rise in downside pressure. The EUR/CHF is estimated to enter a corrective phase. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.0900 on the H1 Hourly Chart. The downside potential for this binary put option is 55 pips to 1.0845 while the upside potential is 25 pips to 1.0925. This results in a risk/reward ratio of 2.20.

USD/CAD – The USD/CAD spiked higher from its ascending support level which emerged from its intra-day low of 1.2744 reached on April 13th 2016. The 50 DMA is drifting to the upside and is narrowing the distance to the 200 DMA which is moving lower. The AC indicates the rise in positive momentum in this currency pair while the RSI is trading in overbought territory following the collapse from extreme overbought conditions.

USDCAD Binary Options Insights for April 18th 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 USD/CAD is expected to advance until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.2960 on the H1 Hourly Chart. The upside potential for this binary call option is 225 pips to 1.3185 while the downside potential is 105 pips to 1.2855. This results in a risk/reward ratio of 2.14.

Today’s Commodity Trade
Silver – Silver is depleting upside momentum inside of its horizontal resistance level. The sideways drifting 50 DMA carries a negative bias, but remains above the ascending 200 DMA. The AC suggests a price action reversal due to emergence of a negative divergence in the precious metal. The RSI is trading in neutral conditions as a result of the contraction from extreme overbought territory. Momentum options trading favors put options in this commodity.

Silver Today’s 04/18/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its horizontal resistance level while positive pressure is receding. Silver is anticipated to retrace its advance. Binary option traders are advised to seek binary put options in Silver on rallies above 16.100 on the H1 Hourly Chart. The downside potential for this binary put option is 120 pips to 14.900 while the upside potential is 25 pips to 16.350. This results in a risk/reward ratio of 4.80.

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 forced a momentum change from positive to negative with the breakdown below its horizontal resistance level. The 50 DMA is descending above the 200 DMA which continues to ascend. The AC shows the formation of a negative divergence in this equity index as the RSI is trading in oversold conditions after reversing from a brief dip into extreme oversold territory; a plunge back down into extreme oversold levels is anticipated.

NASDAQ 100 Today’s 04/18/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The NASDAQ 100 is estimated to accelerate to the downside. 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:

Israel – The final revision to the fourth-quarter gross domestic product (GDP) showed an expansion of 0.9% quarter-over-quarter and 3.9% year-over-year after being previously reported as an increase of 0.6% and 2.3% respectively. Economists anticipated a rise of 1.0% and 3.9%.

New Zealand – The first-quarter of 2016 consumer price index (CPI) increased by 0.2% quarter-over-quarter and 0.4% year-over-year. This followed the previous quarter’s drop of 0.5% and expansion of 0.1%; estimates favored an expansion of 0.1% and 0.4%.

United Kingdom – April Rightmove House Prices posted a growth rate of 1.3% month-over-month and 7.3% year-over-year, matching the increase of 1.3% month-over-month and below the expansion of 7.6% year-over-year which was reported in March.

Singapore – The March trade surplus clocked in at $3.66 billion after the previous month’s surplus of $4.06 billion. Expectations favored a surplus of $6.20 billion. Non-oil exports increased by 0.2% month-over-month and plunged 15.6% year-over-year. Consensus estimates called for a rise of 2.3% and a drop of 13.2% following February’s downward revised contraction of 4.2% and expansion of 2.0%.

Australia – New motor vehicle sales for the month of March increased by 2.2% month-over-month and 4.2% year-over-year after the upward revised reading of 0.0% and increase of 2.5% which was printed in the previous month.

China – The March House Price Index rose by 4.9% year-over-year. This marked an improvement over the preceding year’s growth rate of 3.6% while expectations called for a decreased to 3.5%.

India – Economists anticipate the March wholesale price index (WPI) to contract by 0.8% year-over-year following the previous year’s drop of 0.9%.

Canada – Consensus estimates for foreign securities purchases for the month of February call for a reading of C$6.00 billion, down from the level of C$13.51 billion which was announced in January.

India – Expectations for the March trade balance favor a deficit of $8.1 billion, up from the previous month’s deficit of $6.5 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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