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EUR/JPY 113.031 21:00 21.10
AUD/USD 0.76071 21:00 21.10
EUR/USD 1.08853 21:00 21.10
USD/JPY 103.833 21:00 21.10
EUR/JPY 112.982 20:30 21.10
AUD/USD 0.76049 20:30 21.10
EUR/USD 1.08833 20:30 21.10
USD/JPY 103.817 20:30 21.10
DOLLAR INDEX-SEP16 98.625 20:30 21.10
EUR/JPY 112.990 20:15 21.10
WELLS FARGO 45.100 20:00 21.10
USD/CHF 0.99356 20:00 21.10
TOYOTA (US) 115.250 20:00 21.10
SONY 32.105 20:00 21.10
OIL-DEC16 (WTI CRUDE) 50.885 20:00 21.10
SILVER 17.543 20:00 21.10
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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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