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BINARY OPTIONS INSIGHTS FOR APRIL 21ST 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 21st, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The producer price index (PPI) out of Germany for the month of March clocked in at 0.0% month-over-month and decreased by 3.1% year-over-year. This followed the contraction of 0.5% and 3.0% which was printed in February respectively. Consensus estimates expected an increase of 0.2% month-over-month and a drop of 2.9% year-over-year. Different traders will use a different set of binary option trading tools as they analyze the market.

The United Kingdom reported an employment change of only 20,000 jobs for the three-month-over-three-month period which ended February, below estimates for a reading of 60,000 and well short of the level of 116,000 which was printed in the preceding month. The ILO unemployment rate remained unchanged at 5.1%. Average weekly earnings rose by 1.8% year-over-year and excluding bonuses by 2.2% following January’s growth rate of 2.1% and 2.2% respectively. Economists anticipated an increase of 2.3% and 2.1%.

The European Central Bank (ECB) will announce its decision on all three rates which comprise its monetary policy. Interest rates are expected at 0.00%, the marginal lending facility rate at 0.25% and the deposit facility rate at -0.40% for no change from the current level. 45 minutes after the announcement, ECB President Mario Draghi will hold a press conference and the Euro could be exposed to a sharp rise in volatility on the back of higher volume.

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

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD reached its horizontal resistance level from where a sideways trend is depleting positive momentum. The ascending 50 Day Moving Average (DMA) continues to trade above the ascending 200 DMA. The Accelerator Oscillator (AC) shows the formation of a negative divergence. The Relative Strength Index (RSI) is trading in neutral conditions after descending from overbought territory.

AUDUSD Binary Options Insights for April 21st 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 contract into its 200 DMA from where a further breakdown is favored. Binary option traders are advised to seek binary put options in the AUD/USD currency pair on rallies above 0.7785 on the H1 Hourly Chart. The downside potential for this binary put option is 240 pips to 0.7545 while the upside potential is 65 pips to 0.7850. This results in a risk/reward ratio of 3.69.

EUR/JPY – The EUR/JPY forced a momentum change from positive to negative after pushing below of its horizontal resistance level. The 50 DMA is advancing after crossing above the 200 DMA which is drifting higher at a slower pace. The AC points towards the emergence of a negative divergence while the RSI is trading in neutral territory following the drop down from overbought conditions; a move into oversold levels is anticipated.

EURJPY Binary Options Insights for April 21st 2016
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level, but above of its 200 DMA. The EUR/JPY is estimated to extend its breakdown. Binary option traders are advised to seek binary put options in the EUR/JPY currency pair on rallies above 123.750 on the H1 Hourly Chart. The downside potential for this binary put option is 205 pips to 121.700 while the upside potential is 70 pips to 124.450. This results in a risk/reward ratio of 2.93.

EUR/USD – The EUR/USD moved down into its ascending support level from where a price action reversal is favored. The descending 50 DMA is located above the descending 200 DMA, but the close proximity of the two moving averages is prone to false crossovers. The AC favors an advance due to the accumulation in upside momentum. The RSI is trading in oversold conditions as a result of the recovery from extreme oversold territory.

EURUSD Binary Options Insights for April 21st 2016
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level. The EUR/USD is expected to spike into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.1315 on the H1 Hourly Chart. The upside potential for this binary call option is 150 pips to 1.1465 while the downside potential is 70 pips to 1.1245. This results in a risk/reward ratio of 2.14.

Today’s Commodity Trade
Gold – Gold reversed direction from its intra-day high of 1,256.25 which was recorded yesterday on April 20th 2016. The 50 DMA is ascending and completed a positive crossover above the 200 DMA which is moving higher as well. The AC indicates the loss in positive pressure as the RSI is trading in neutral territory after retreating from extreme overbought conditions; a descend into oversold levels is estimated to materialize.

Gold Today’s 04/21/2016 Commodity Trade
Today’s Binary Options Trading Strategy: Put Option
Price action is presently trading below of its horizontal resistance level and upside momentum is fading. Gold is anticipated to enter a corrective phase. Binary option traders are advised to seek binary put options in Gold on rallies above 1,243.00 on the H1 Hourly Chart. The downside potential for this binary put option is 1,900 pips to 1,224.00 while the upside potential is 700 pips to 1,250.00. This results in a risk/reward ratio of 2.71.

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 is being pressured to the downside by its descending resistance level which can trace its origin to the intra-day high of 4,590.75 reached on April 19th 2016. The descending 50 DMA maintains its position above the ascending 200 DMA. The AC suggests a contraction as downside pressure is accumulating and the RSI is trading in neutral territory following the retreat from overbought conditions. Binary options in trading accounts show a growing amount of capital attribution.

NASDAQ 100 Today’s 04/21/2016 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 collapse into its horizontal support level. Binary option traders are advised to seek binary put options in the NASDAQ 100 equity index on rallies above 4,530.00 on the H1 Hourly Chart. The downside potential for this binary put option is 9,500 pips to 4,435.00 while the upside potential is 3,200 pips to 4,562.00. This results in a risk/reward ratio of 2.97.

Key Fundamental Data:

Japan – Investors bought ¥844.7 billion worth of foreign bonds and sold ¥503.4 billion worth of foreign equities for the week ending April 16th 2016 after the previous week’s upward revised sale of ¥1,176.1 billion worth of foreign bonds and ¥206.1 billion worth of foreign equities.

Eurozone – Economists anticipate the unemployment rate out of the Netherlands to decrease to 6.4% in March from the 6.5% which was reported in February.

Switzerland – Consensus estimates for the March trade surplus call for a decrease to CHF3.00 billion from the CHF4.07 billion surplus which was reported in the previous month.

Eurozone – French business confidence for the month of April is set to remain unchanged from the preceding month’s reading of 101.

Sweden – The Riksbank, the Swedish central bank, is favored to keep interest rate unchanged from its current rate of -0.50%.

Eurozone – Expectations for the Spanish trade deficit call for a decrease to €1.9 billion in February from January’s deficit of €2.39 billion. The Portuguese current account deficit is called in at €4.60 million after being reported as a deficit of €156.51 million in the previous month.

United Kingdom – Economists anticipate March retail sales to post a contraction of 0.3% month-over-month and an increase of 3.8% year-over-year. This would follow February’s drop of 0.2% and rise of 4.1% respectively. Excluding auto and fuel sales, retail sales are expected to contract by 0.1% month-over-month and to expand by 4.4% year-over-year after the previous month’s decrease of 0.4% and rise of 3.8%.

United Kingdom – Public sector net borrowing (PSNB) is favored at a reading of -£5.50 billion in March which would represent an improvement over the level of -£6.49 billion which was reported in February.

Indonesia – The central bank is set to keep its interest rate, its deposit facility rate and its lending facility rate unchanged from the current level of 6.75%, 4.75% and 7.25% respectively.

United States – Expectations for the Chicago Federal National Activity Index for the month of April call for a level of -0.13 following the -0.29 which was reported in March. The Philadelphia Federal Manufacturing Index is set to decrease to 8.0 from the previous month’s level of 12.4.

United States – Economists anticipate initial jobless claims for the week ending April 16th 2016 to increase by 12,000 to 265,000 as continuing claims for the week ending April 9th 2016 are called up by 7,000 to 2,178,000.

United States – The February House Price Index is estimated to rise by 0.4% month-over-month after expanding by 0.5% in January. CB Leading Indicators for March are called up by 0.4% month-over-month following the preceding month’s rise 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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