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BINARY OPTIONS INSIGHTS FOR MAY 3RD 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
May 3rd, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Monday saw the British Pound achieve its strongest against the Dollar since the start of the year, reaching a five month high of $1.4695. Sterling has recovered over the last fortnight as odds shifted away from a predicted British exit from the EU.

US stocks also rose as steady commodity prices and a weakening Dollar shifted investor sentiment from weak earnings and poor economic data in the first quarter to optimism about the second, also pushing US treasury yields higher. Wall Street worked past mixed manufacturing data to push equity markets higher, led by the consumer discretionary and financial sectors. US manufacturing activity rose for the second month in a row in April but at a slower pace as production and new orders fell.

The Yen climbed to 106.14 yen per dollar, its highest since October 2014, after the US Treasury placed Japan and four other countries that have surpluses with the US on a new currency monitoring list. Last week the Yen had its biggest weekly rise since the financial crisis of 2008, largely due to a Bank of Japan policy meeting which gave no indication of further efforts to stimulate its stagnant economy. While the Dollar bounced back against the Yen, rising 0.15 percent, it was down against a basket of six major rivals, falling 0.6 percent to 92.771, its lowest since the start of 2015.

Monday also saw Oil prices fall as rising production in the Middle East outweighed a decline in US output and a sliding dollar, there were warnings also that an emerging gasoline glut could also spill back into Crude markets. Brent was trading at $46.80 a barrel, down 57 cents from its last settlement while US crude was down 44 cents at $45.48 a barrel.

GBP/USD: A binary Put option coincides with the trend , seen below.
GBPUSD Binary Options Insights for May 3rd 2016

EUR/GBP: A binary Call option coincides with the trend , seen below.
EURGBP Binary Options Insights for May 3rd 2016

USD/JPY: A binary Put option coincides with the trend , seen below.
USDJPY  Binary Options Insights for May 3rd 2016

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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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