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BitCoin/CNY 6263.480 23:00 17.01
NZD/JPY 81.341 23:00 17.01
AUD/USD 0.75578 23:00 17.01
AUD/JPY 85.251 23:00 17.01
EUR/JPY 120.804 23:00 17.01
USD/JPY 112.794 23:00 17.01
EUR/USD 1.07108 23:00 17.01
AUD/NZD 1.04809 23:00 17.01
NZD/USD 0.72115 23:00 17.01
CAD/JPY 86.467 23:00 17.01
GBP/JPY 139.897 23:00 17.01
BitCoin/CNY 6264.060 22:30 17.01
NZD/JPY 81.294 22:30 17.01
AUD/USD 0.75594 22:30 17.01
AUD/JPY 85.194 22:30 17.01
EUR/JPY 120.721 22:30 17.01
EUR/USD 1.07112 22:30 17.01
USD/JPY 112.707 22:30 17.01
BitCoin/CNY 6191.350 22:00 17.01
AUD/NZD 1.04843 22:00 17.01
NZD/USD 0.72165 22:00 17.01
CAD/JPY 86.347 22:00 17.01
NZD/JPY 81.262 22:00 17.01
AUD/USD 0.75675 22:00 17.01
AUD/JPY 85.208 22:00 17.01
GBP/JPY 139.822 22:00 17.01
EUR/JPY 120.657 22:00 17.01
USD/JPY 112.621 22:00 17.01
EUR/USD 1.07137 22:00 17.01
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By: Adam Stone
May 23rd, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The week ahead

The US is to release revised figures on first quarter economic growth this coming Friday. This data is expected to show that the economy grew by 0.9 percent in the first three months of 2016, up from the estimated 0.5 percent. In addition the US is to produce data on manufacturing activity, new home sales, durable goods orders, weekly jobless claims, pending home sales and revised consumer sentiment numbers this week.

Market players will be paying close attention to several Fed speeches due this week to further judge the tone among policy makers on the prospect of further rate hikes. Odds of a Fed rate hike for June stood at around 30 percent on Friday, up from just 4 percent a week earlier according to futures markets.

The Euro zone is to publish preliminary data on manufacturing and service sector activity for May, this Monday amid expectations for a slight improvement. The Office for National Statistics is to produce revised data on UK economic growth for the first quarter on Thursday. The report is forecast to reveal the economy grew 0.4 percent in the three months ended March 31, unchanged from preliminary estimates.

The Dollar rose to three week highs against the Yen on Friday May 20 – caused in part by growing expectations of interest rate hikes by the FED – but slid against the Euro as investors took profits in the wake of a recent rally. USD/JPY settled at 110.13, up 0.15 percent for the day, the pair gained 1.35 percent for the week, its third consecutive weekly increase. EUR/USD was up 0.19 percent at 1.1223 in late trade, still close to Thursday’s near eight week lows of 1.1179. The Euro ended the week down 0.84 percent.

In Japan on Friday, Finance Minister Taro Aso reiterated Tokyo’s commitment to refraining from competitive currency devaluation during a meeting of finance chiefs from the Group of Seven (G7) industrialized nations.

The Pound was down amid uncertainty over the coming June referendum on Britain’s European Union membership. GBP/USD fell 0.66 percent to 1.4513 from Thursday’s two week highs of 1.4663.

USD/JPY: A binary Call option coincides with the trend, seen below.
USDJPY Binary Options Insights for May 23rd 2016

EUR/USD: A binary Put option coincides with the trend, seen below.
EURUSD Binary Options Insights for May 23rd 2016

GBP/USD: A binary Put option coincides with the trend, seen below.
GBPUSD Binary Options Insights for May 23rd 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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