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BINARY OPTIONS INSIGHTS FOR APRIL 20TH 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 20th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The Eurozone released its February current account which showed a surplus of €11.1 billion, far below expectations for a surplus of €21.8 billion. The previous month’s surplus was revised higher in order to reflect a level of €8.3 billion. The Italian current account surplus clocked in at €1,377.0 million, reversing January’s deficit of €1,068.0 million while economists anticipated a current account surplus of €632.6 million.

Remaining with economic data out of the Eurozone, construction output for the month of February posted a decrease of 1.1% month-over-month and an increase of 2.5% year-over-year while the preceding month was revised down to a growth rate of 2.4% and 4.9% respectively. A detailed binary options trading platforms review shows an overweight in short-term put options for the Euro before the current uptrend can be extended; the EURGBP remains an exception.

The employment change for the three-month-over-three month period ending February out of the United Kingdom is estimated to show the creation of 60,000 jobs after the addition of 116,000 jobs which was printed for the preceding month. The ILO unemployment rate is favored to remain unchanged at 5.1%. Average weekly earnings are set to rise by 2.3% year-over-year and excluding bonuses by 2.1% year, up from the corresponding preceding year’s increase of 2.2% and down from the rise of 2.2% respectively.

Today’s Binary Option Trading Recommendations Overview:
• GBP/USD – Binary Put Option
• EUR/CHF – Binary Put Option
• USD/CAD – Binary Call Option
• Crude Oil – Binary Put Option
• FTSE 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
GBP/USD – The GBP/USD is depleting positive momentum inside of its horizontal resistance level. The ascending 50 Day Moving Average (DMA) is widening the gap to the ascending 200 DMA. The Accelerator Oscillator (AC) favors a price action reversal as a negative divergence formed and the Relative Strength Index (RSI) is trading in neutral conditions following the breakdown from extreme overbought territory.

GBPUSD Binary Options Insights for April 20th 2016
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level with an expansion in downside pressure. The GBP/USD is expected to collapse from current levels. Binary option traders are advised to seek binary put options in the GBP/USD currency pair on rallies above 1.4360 on the H1 Hourly Chart. The downside potential for this binary put option is 310 pips to 1.4050 while the upside potential is 155 pips to 1.4515. This results in a risk/reward ratio of 2.00.

EUR/CHF – The EUR/CHF ended its most recent advance after reaching its horizontal resistance level from where a corrective phase is expected. The 50 DMA is drifting higher and remains above the 200 DMA which is also ascending. The AC shows the build-up in negative momentum in this currency pair. The RSI is trading in neutral territory as a result of the push below overbought conditions which resulted in a rise in downside pressure.

EURCHF Binary Options Insights for April 20th 2016
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level. The EUR/CHF is anticipated to accelerate to the downside. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.0910 on the H1 Hourly Chart. The downside potential for this binary put option is 55 pips to 1.0855 while the upside potential is 20 pips to 1.0930. This results in a risk/reward ratio of 2.75.

USD/CAD – The USD/CAD plunged from its intra-day high of 1.2990 which was recorded on April 18th 2016 into its horizontal support level. The descending 50 DMA maintains its position below the descending 200 DMA. The AC points towards the formation of a positive divergence as the RSI is trading in neutral conditions after completing a breakout above extreme oversold territory; a spike into overbought levels is anticipated.

USDCAD Binary Options Insights for April 20th 2016
Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading inside of its horizontal support level and upside momentum is accumulating. The USD/CAD is estimated to move back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CAD currency pair on dips below 1.2715 on the H1 Hourly Chart. The upside potential for this binary call option is 400 pips to 1.3115 while the downside potential is 155 pips to 1.2560. This results in a risk/reward ratio of 2.58.

Today’s Commodity Trade
Crude Oil – Crude Oil has recovered from the breakdown below its horizontal resistance level and is now trading back inside of it with a loss in positive momentum. The 50 DMA is ascending after the cross below the 200 DMA which is moving higher as well. The AC indicates the formation of a negative divergence while the RSI is trading in extreme overbought territory following the rise from extreme oversold conditions.

Crude Oil Today’s 04/20/2016 Commodity Trade
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level. Crude Oil is expected to drop down until it can challenge its horizontal support level. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 41.50 on the H1 Hourly Chart. The downside potential for this binary put option is 390 pips to 37.60 while the upside potential is 190 pips to 43.40. This results in a risk/reward ratio of 2.05.

Today’s Equity Index Recommendation
FTSE 100 – The FTSE 100 advanced from its horizontal support level into its horizontal resistance level from where a breakout is unlikely to materialize. The ascending 50 DMA continues to trade above the ascending 200 DMA. The AC suggests a corrective phase due to the formation of a negative divergence. The RSI is trading in overbought territory as a result of the move down from extreme overbought conditions. Trading put options in this equity index is highly recommended.

FTSE 100 Today’s 04/20/2016 Equity Index Recommendation
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading inside of its horizontal resistance level while downside pressure is on the rise. The FTSE 100 is anticipated to enter a counter-trend contraction. Binary option traders are advised to seek binary put options in the FTSE 100 equity index on rallies above 6,380.0 on the H1 Hourly Chart. The downside potential for this binary put option is 32,000 pips to 6,060.0 while the upside potential is 10,500 pips to 6,485.0. This results in a risk/reward ratio of 3.05.

Key Fundamental Data:

South Korea – The producer price index (PPI) for March dropped by 0.1% month-over-month and 3.3% year-over-year following February’s reading of 0.0% and contraction of 3.4%. Expectations called for a rise of 0.1% and a plunge of 3.2%.

Japan – The merchandise trade balance for the month of March showed a surplus of ¥755.0 billion, up from the ¥242.8 billion surplus which was reported in February. Economists anticipated a surplus of ¥834.6 billion. Exports plunged by 6.8% year-over-year and imports by 14.9% following the contraction of 4.0% and 14.2% which was announced in the previous year.

Australia – The Westpac Leading Index for March decreased by 0.1% month-over-month following February’s drop of 0.2%. Skilled Vacancies contracted by 1.2% after dropping by a downward revised 1.2% in the preceding month.

Malaysia – Expectations for the consumer price index (CPI) call for a rise of 3.7% year-over-year in March, down from the previous year’s increase of 4.2%.

Eurozone – Consensus estimates for Dutch April consumer confidence favor a worsening to -5.1 from the level of -4.0 printed in the preceding year. Household consumption for the month of February is expected to expand by 0.4% year-over-year following the previous year’s increase of 0.3%.

Eurozone – The German PPI is called up by 0.2% month-over-month and down by 2.9% year-over-year in March. This would represent an improvement over February’s drop of 0.5% and 3.0% respectively. The PPI out of Portugal is called down by 3.1% year-over-year following the preceding year’s drop of 2.9%.

Eurozone – Economists anticipate the Greek current account to show a deficit of €0.400 billion in February after the previous month’s deficit of €0.742 billion.

United Kingdom – Expectations for the March jobless claims change favor a decrease of 10,000, adding to the drop of 18,000 which was reported in February as the claimant count rate is set to remain unchanged at 2.1%.

Switzerland – Consensus estimates for the ZEW Economic Sentiment index for the month of March call for a reading of 2.45, down slightly from the level of 2.50 which was announced in the preceding month.

Canada – Economists anticipate wholesale sales for February to contract by 0.4% month-over-month. This would follow the 0.0% which was reported in January.

United States – Expectations for March existing home sales favor an expansion of 3.5% to 5,260,000 units after posting a contraction in the previous month of 7.1% to 5,080,000 units.

United States – Consensus estimates for the Energy Information Agency (EIA) inventory report for the week ending April 15th 2016 anticipate the build-up of 600,000 barrels in crude oil inventories and a drawdown of 854,400 barrels in gasoline inventories. This would follow the previous week’s increase of 6,634,000 barrels and decrease of 4,237,000 barrels respectively.

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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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