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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 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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