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BINARY OPTIONS INSIGHTS FOR MAY 4TH 2016

BitCoin/CNY 6273.870 21:00 24.01
WELLS FARGO 54.700 21:00 24.01
USD/CHF 1.00085 21:00 24.01
TOYOTA (US) 117.620 21:00 24.01
SONY 30.485 21:00 24.01
SILVER 17.118 21:00 24.01
GOLD 1209.957 21:00 24.01
COLGATE-PALMOLIVE 68.265 21:00 24.01
FIAT CHRYSLER 10.89 21:00 24.01
LOCKHEED MARTIN 252.895 21:00 24.01
FERRARI 62.695 21:00 24.01
TSX 60 924.440 21:00 24.01
AUD/NZD 1.04665 21:00 24.01
ALIBABA 101.450 21:00 24.01
BOEING 160.540 21:00 24.01
NZD/USD 0.72463 21:00 24.01
BANK OF AMERICA 22.945 21:00 24.01
PFIZER 31.155 21:00 24.01
CAD/JPY 86.432 21:00 24.01
NZD/JPY 82.435 21:00 24.01
AUD/USD 0.75845 21:00 24.01
AUD/JPY 86.280 21:00 24.01
GBP/JPY 142.263 21:00 24.01
GENERAL ELECTRIC 29.990 21:00 24.01
S&P 500 2280.120 21:00 24.01
JP MORGAN CHASE 84.715 21:00 24.01
GOLD/EUR 1127.335 21:00 24.01
USD/JPY 113.763 21:00 24.01
EUR/JPY 122.101 21:00 24.01
CITIGROUP VS JP MORGAN CHASE 0.67015 21:00 24.01
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By: Adam Stone
May 4th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Tuesday saw the Dollar extend its losses against a basket of six major currencies, at one point dropping as low as 91.89, its weakest since January 2015. The Dollar was down 0.44 percent at 92.12 at the last. In early trading the Yen rose to a new eighteen month high of 105.55 against the Dollar with the Euro reaching $1.1615, its strongest level since August last year. The Dollar Index has dropped over 6 percent since the start of the year as expectations faded that the US Federal Reserve would move to normalize interest rates due to fears over a global economic slowdown.

Sterling dropped back from four-month highs against the Dollar on Tuesday after data which showed that UK manufacturing activity shrank for the first time in 3 years this April, adding to pessimism over the outlook for second quarter growth. GBP/USD was last at 1.4712, up 0.26 percent for the day after rising as high as 1.4769 earlier. The pound has strengthened against the Dollar in recent sessions, aided by the expectation that Britain will vote on June 23 to remain in the EU. The Dollar has come under intense selling pressure since the Federal Reserve decided to keep interest rates on hold last week and indicated that it will maintain a cautious approach on future interest rate increases. Sterling remained lower against the Euro, with EUR/GBP at 0.7881 at the last, down from 0.7884 earlier.

In its Economic forecast on Tuesday, the European Commission said the Euro zone growth will be slower than previously expected with subdued inflation this year. The gross domestic product of the 19 country currency area is predicted to expand 1.6 percent this year, down from a previous estimate of 1.7 percent made in February. Consumer prices are also expected to increase by less than had been expected , they are presently up 0.2 percent this year markedly lower than the 0.5 percent increase forecast in February.

USD/JPY: A binary Call option coincides with the trend, seen below.
USDJPY Binary Options Insights for May 4th 2016

EUR/USD: A binary Put option coincides with the trend, seen below.
EURUSD Binary Options Insights for May 4th 2016

EUR/GBP: A binary Put option coincides with the trend, seen below.
EURGBP Binary Options Insights for May 4th 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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