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AUD/NZD 1.06617 03:00 27.10
NZD/USD 0.71545 03:00 27.10
CAD/JPY 77.943 03:00 27.10
NZD/JPY 74.684 03:00 27.10
AUD/USD 0.76281 03:00 27.10
AUD/JPY 79.626 03:00 27.10
GOLD VS SILVER 72.0039 03:00 27.10
OIL-DEC16 (WTI CRUDE) 49.185 03:00 27.10
SILVER 17.591 03:00 27.10
GOLD/EUR 1162.305 03:00 27.10
GOLD 1266.620 03:00 27.10
USD/JPY 104.389 03:00 27.10
EUR/JPY 113.751 03:00 27.10
EUR/USD 1.08969 03:00 27.10
GOLD VS OIL 25.3300 03:00 27.10
RIO-AU VS BHP-AU 2.36280 03:00 27.10
GBP/JPY 127.495 03:00 27.10
AUD/CAD 1.02157 03:00 27.10
KOSPI 2018.66 03:00 27.10
HANG SENG F-OCT16 22993.500 03:00 27.10
HANG SENG 23050.540 03:00 27.10
RIO-AU 53.860 03:00 27.10
BHP-AU 22.795 03:00 27.10
ANZ BANK 28.105 03:00 27.10
ASX F-DEC16 5303.000 03:00 27.10
USD/SGD 1.39189 03:00 27.10
ASX 5327.900 03:00 27.10
STRAITS TIMES 2823.710 03:00 27.10
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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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