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BINARY OPTIONS INSIGHTS FOR APRIL 19TH 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 19th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

India released its wholesale price index (WPI) for March which posted a contraction of 0.85% year-over-year after the drop of 0.91% which was announced in the preceding year and worse than the decrease of 0.77% which was anticipated by economists. WPI Food increased by 3.73% while WPI Fuel plunged by 8.30% after being reported as a rise of 3.35% and a drop of 6.40% in the previous year. WPI Manufacturing decreased by 0.13% year-over-year which marked a slowdown in deflationary pressures over the preceding year’s contraction of 0.58%.

Foreign securities purchases for the month of February out of Canada clocked in at C$15.94 billion, well above the estimated slowdown to C$6.00 billion from January’s downward revised level of C$11.41 billion. Foreign securities purchases by Canadians were reported at C$4.37 billion, partially reversing the previous month’s downward revised sale worth C$14.68 billion. New binary options traders may enroll in an online options trading class in order to learn the fundamentals.

The ZEW Economic Sentiment Index for April out of the Eurozone is called in at 8.8, down from the 10.6 which was announced in the preceding month. The German ZEW Economic Sentiment Index is set to increase to 8.0 from the level of 4.3 which was reported in March while the German ZEW Current Conditions Index is expected at 50.6, down 0.1 point from the previous month’s reading of 50.7. The Euro is likely to experience a sharp rise in trading volume after the release of this economic report.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Put Option
• GBP/USD – Binary Put Option
• EUR/GBP – Binary Call Option
• Platinum – Binary Put Option
• EuroStoxx 50 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD advanced into its horizontal resistance level from where positive momentum is fading. The ascending 50 Day Moving Average (DMA) continues to trade above the ascending 200 DMA. The Accelerator Oscillator (AC) indicates the formation of a negative divergence while the Relative Strength Index (RSI) is trading in overbought conditions after ascending from neutral territory; a drop into oversold levels is anticipated.

NZDUSD Binary Options Insights for April 19th 2016
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level. The NZD/USD is estimated to enter a counter-trend move to the downside. Binary option traders are advised to seek binary put options in the NZD/USD currency pair on rallies above 0.6960 on the H1 Hourly Chart. The downside potential for this binary put option is 200 pips to 0.6760 while the upside potential is 80 pips to 0.7040. This results in a risk/reward ratio of 2.50.

GBP/USD – The GBP/USD spiked higher from its intra-day low of 1.4131 which was reached yesterday on April 18th 2016. The 50 DMA is drifting to the upside and is increasing the distance to the 200 DMA which is ascending at a slower pace. The AC shows the retreat in upside pressure as the RSI is trading in extreme overbought territory following the rise from oversold conditions; a breakdown from current levels is estimated to lead to a corrective phase.

GBPUSD Binary Options Insights for April 19th 2016
Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level and positive momentum is contracting. The GBP/USD is expected to accelerate to the downside. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.4280 on the H1 Hourly Chart. The downside potential for this binary put option is 240 pips to 1.4040 while the upside potential is 70 pips to 1.4350. This results in a risk/reward ratio of 3.43.

EUR/GBP – The EUR/GBP is depleting negative momentum inside of its horizontal support level from where a price action reversal is favored to emerge. The descending 50 DMA maintains its positions below the descending 200 DMA. The AC suggests a move to the upside due to the formation of a positive divergence in this currency pair. The RSI is trading in oversold conditions as a result of the push above extreme oversold territory.

EURGBP Binary Options Insights for April 19th 2016
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The EUR/GBP is anticipated to drift into its 200 DMA from where a breakout is expected. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7930 on the H1 Hourly Chart. The upside potential for this binary call option is 185 pips to 0.8115 while the downside potential is 45 pips to 0.7880. This results in a risk/reward ratio of 4.11.

Today’s Commodity Trade
Platinum – Platinum forced a momentum change from positive to negative with the breakdown below its horizontal resistance level. The 50 DMA is moving to the downside and closing in on the 200 DMA which is advancing. The AC favors an extension of the breakdown as upside momentum is contracting and the RSI is trading in neutral territory after reversing from oversold conditions; a drop into extreme oversold levels is expected.

Platinum Today’s 04/19/2016 Commodity Trade
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level as well as below of its 50 DMA. Platinum is estimated to descend until it will reach its horizontal support level. Binary option traders are advised to seek binary put options in Platinum on rallies above 975.0 on the H1 Hourly Chart. The downside potential for this binary put option is 3,100 pips to 944.0 while the upside potential is 1,350 pips to 988.5. This results in a risk/reward ratio of 2.30.

Today’s Equity Index Recommendation
EuroStoxx 50 – The EuroStoxx 50 advanced from its horizontal support level into its horizontal resistance level from where a breakout is unlikely to materialize. The ascending 50 DMA remains above the ascending 200 DMA. The AC points towards the emergence of a negative divergence. The RSI is trading in overbought conditions following the move up from oversold territory. The basics of option trading need to be understood before capitalizing from daily trading opportunities.

EuroStoxx 50 Today’s 04/19/2016 Equity Index Recommendation
Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading inside of its horizontal resistance level. The EuroStoxx 50 is expected to enter a corrective phase. Binary option traders are advised to seek binary put options in the EuroStoxx 50 equity index on rallies above 3,050.0 on the H1 Hourly Chart. The downside potential for this binary put option is 20,500 pips to 2,845.0 while the upside potential is 8,000 pips to 3,130.0. This results in a risk/reward ratio of 2.56.

Key Fundamental Data:

New Zealand – The March Performance Services Index was reported at 54.8 following the previous month’s downward revised reading of 56.7.

South Korea – The Bank of Korea decided to keep interest rates unchanged from the current rate of 1.50% which was in-line with consensus estimates.

Australia – Minutes from the latest Reserve Bank of Australia (RBA) meeting were released where the central bank kept interest rates unchanged at its record low of 2.00%; the economic outlook remained the same as before.

Eurozone – Expectations for the February current account surplus call for a rise to €21.8 billion from the €6.3 billion surplus which was printed in January. The Italian current account is favored to show a surplus of €632.6 million, partially reversing the previous month’s deficit of €1,068.0 million.

Hong Kong – The unemployment rate for the month of March is estimated to remain unchanged from February’s level of 3.3%.

Eurozone – Economists anticipate February construction output to increase by 2.5% year-over-year. This would represent a slowdown over the rise 6.0% which was announced in the preceding year.

Israel – Consensus estimates for industrial production favor a contraction of 2.4% month-over-month and 1.5% year-over-year for February after being reported as a decrease of 3.5% and 2.2% in March.

Poland – Expectations for March industrial production call for a rise of 4.7% year-over-year, down from the previous year’s growth rate of 6.7%. The producer price index (PPI) is called down by 0.6% year-over-year following the preceding year’s drop of 1.4%. Retail sales are anticipated to expand by 1.7% year-over-year after posting an increase of 3.9% in March of 2015.

United States – Housing starts for the month of March are set to decrease by 0.7% month-over-month to 1,170,000 starts while building permits are expected to increase by 2.0% month-over-month to 1,200,000 permits. This would follow the previous month’s rise of 5.2% to 1,178,000 housing starts and drop of 2.2% to 1,177,000 building permits.

Russia – Economists anticipate the March PPI to increase by 0.6% month-over-month and 2.8% year-over-year. This would represent a reversal over February’s contraction of 1.5% month-over-month, but a slowdown over the 3.5% expansion year-over-year.

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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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