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AUD/NZD 1.06757 00:00 26.10
NZD/USD 0.71657 00:00 26.10
EUR/AUD 1.42303 00:00 26.10
CAD/JPY 78.009 00:00 26.10
NZD/JPY 74.642 00:00 26.10
AUD/USD 0.76501 00:00 26.10
AUD/JPY 79.683 00:00 26.10
GBP/JPY 126.833 00:00 26.10
EUR/JPY 113.396 00:00 26.10
USD/JPY 104.163 00:00 26.10
EUR/USD 1.08863 00:00 26.10
NZD/JPY 74.602 23:30 25.10
AUD/USD 0.76466 23:30 25.10
AUD/JPY 79.622 23:30 25.10
EUR/JPY 113.387 23:30 25.10
EUR/USD 1.08896 23:30 25.10
USD/JPY 104.123 23:30 25.10
AUD/NZD 1.06667 23:00 25.10
NZD/USD 0.71650 23:00 25.10
CAD/JPY 78.012 23:00 25.10
NZD/JPY 74.633 23:00 25.10
AUD/USD 0.76427 23:00 25.10
AUD/JPY 79.608 23:00 25.10
GBP/JPY 126.872 23:00 25.10
EUR/JPY 113.432 23:00 25.10
USD/JPY 104.163 23:00 25.10
EUR/USD 1.08900 23:00 25.10
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By: Adam Stone
May 18th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Oil supply disruptions continue

Oil prices rose to new seven month highs this Tuesday adding to the gains made overnight amid escalating concerns regarding global supply disruptions. US crude rallied to a session high of $48.42 a barrel, the most since mid October last. At the last, it stood at $47.87, up 15 cents / 0.31 percent. Brent dipped 6 cents / 0.12 percent after briefly reaching $49.47. Oil prices have been well supported in recent sessions due to a combination of Nigerian, Libyan and Venezuelan supply outages, declining US shale output and reduced production of Canadian crude as a result of fires in Alberta’s oil sands region. A huge wild fire around the oil sands hub of Fort McMurray, Alberta, moved toward energy production facilities on Tuesday, extending a shutdown that has led to lost Canadian out put of one million barrels a day.

US equities were lower at the close on Tuesday May 17 as losses in the Utilities, Consumer Goods and Customer Service sectors dropped shares down. European stock markets rose for the third consecutive session with energy stocks leading the charge as oil prices hit new highs for the year to date. Shares in Asia closed mostly higher following a rebound in technology giant Apple and oil price gains boosted Wall Street.

The British Pound pared back gains against the Dollar on Tuesday after data showing that the rate of inflation in the UK slowed in April for the first time since September 2015.
GBP/USD was last at 1.4458 down from 1.4494, Sterling was also higher against the Euro with EUR/GBP down 0.47 percent at 0.7824. EUR/USD was down 0.04 percent to 1.1316 while USD/JPY rose 0.06 percent to 109.08.

GBP/USD: A binary Put option coincides with the trend, seen below.
GBPUSD Binary Options Insights for May 18th 2016

EUR/GBP: A binary Call option coincides with the trend, seen below.
EURGBP Binary Options Insights for May 18th 2016

USD/JPY: A binary Call option coincides with the trend, seen below.
USDJPY Binary Options Insights for May 18th 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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