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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 10th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Canadian fires continue to have knock on effects.

Monday saw Oil prices rally as wildfires in Canada continued to disrupt supply from the country’s vast oil sands reserves. Almost 650,000 barrels of oil per day, based on public announcements, have been sidelined and that figure may realistically be as high as one million barrels a day – nearly half of Canada’s total 2.5 million barrels a day in oil sands output. US crude was up $1.07 to $45.73 a barrel, while Brent added 87 cents to reach $46.24.

The US Dollar strengthened broadly against its major counterparts, while the Japanese Yen dropped to two week lows. The dollar rose to 107.95 against the yen after Japan’s Finance Minister Taro Aso said Tokyo is ready to intervene if excessive moves in the yen are enough to affect Japan’s trade, economic and fiscal policies.

Gold futures dropped $14.50 an ounce on Monday as investors viewed Friday’s US jobs data as less disappointing than expected.

The Labor Department reported that the US economy added 16,000 jobs last month, this was the smallest increase since September and far short of the 202,000 jobs forecast by economists. Unemployment remained steady at 5%. The average hourly earnings rose by eight cents per hour or 0.3 percent, bringing the year on year increase to 2.5 percent from 2.3 percent on March.

US equities were mixed at Mondays close, gains in the Consumer Services, Utilities and Healthcare sectors drove shares higher while losses in Oil & Gas, Industrial’s and Basic Materials sectors caused shares to slide. At the close in the New York Stock Exchange, the Dow Jones Industrial Average fell 0.20 percent while the S&P500 index climbed 0.08 percent and the NASDAQ Composite index rose 0.30 percent.

EUR/USD was down 0.18 percent to 1.1383 , USD/JPY was up 1.15 percent to 108.35.

Given the recent signs of a steep turn down and the rise in unemployment, Britain’s Bank of England would normally be close to pumping more stimulus into the British economy but Governor Mark Carney and his colleagues are expected to take a wait-and-see approach this week, effectively writing of the majority of the slowdown to temporary nerves ahead of Britain’s historic European Union referendum on June 23.

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for May 10th 2016

EUR/USD: A binary Put option coincides with the trend, seen below.
EURUSD Binary Options Insights for May 10th 2016

EUR/GBP: A binary Put option coincides with the trend, seen below.
EURGBP Binary Options Insights for May 10th 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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