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By: Adam Stone
May 16th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The week ahead.

Friday saw the Dollar lower against the Yen with USD/JPY down 0.35 percent to 108.61, holding well above the 18 month low of 105.54 set earlier in the month after the Bank of Japan kept monetary policy unchanged. The Dollar rose to two week highs against the Euro and the Pound, with EUR/USD down 0.55 percent to 1.1309 and GBP/USD sliding 0.48 percent to 1.4371.
This coming week market players will turn their attention to Wednesday’s minutes of the Federal Reserve’s April policy meeting in the hope of gaining insight into the timing of the next US rate hike.

US inflation data will also come under scrutiny with investors seeking to gauge whether the world’s largest economy will be strong enough to withstand further rate hikes in 2016. The FED left rates unchanged following its meeting on April 27 and issued a statement implying is was in no rush to raise rates.

The US central bank has previously projected its plans to raise interest rates twice more before the end of this year, market players however believe there will only be one more hike, most likely in December.

The US commerce department will publish April inflation figures this Tuesday. Market analysts expect consumer prices to nudge up 0.3 percent, core inflation is forecast to increase 0.2 percent. On a yearly base , core CPI is projected to climb 2.1 percent. Core prices are viewed by the Federal Reserve as a better gauge of long term inflationary pressure because they exclude the volatile food and energy categories. The central bank generally tries to aim for 2 percent core inflation or below. Rising inflation would most likely be the spark that initiates the Federal Reserve to raising interest rates.

The UK Office for National Statistics ( ONS ), will this Tuesday release data on consumer price inflation for April. Analysts at Goptions expect consumer prices to rise 0.5 percent after increasing 0.5 percent a month earlier. On Wednesday, the same office is due to release the April jobs report. The amount of people receiving unemployment benefits is expected to rise by 4,000 in April, with the jobless rate holding steady at 5.1 percent, wage growth including bonus’s is forecast to rise 1.7 percent.

Thursday will see the ONS producing a report on April retail sales, this will provide some clues as to the strength of the economy and the timing of a rate hike by the Bank of England. Expectations for a rate hike by the BOE have recently been shoved back to early 2017 over uncertainty regarding the June referendum on whether Britain will remain a member of the EU.

Tuesday will also see Japan Publish preliminary first quarter economic growth data. This report is widely expected to reveal that Japan’s economy expanded by a mere 0.1 percent in the first three months of 2016, maintaining pressure on policy makers to support the worlds third largest economy.

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for May 16th 2016

EUR/USD: A binary Call option coincides with the trend,seen below.
EURUSD Binary Options Insights for May 16th 2016

GBP/USD: A binary Put option coincides with the trend, seen below.
GBPUSD Binary Options Insights for May 16th 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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