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BINARY OPTIONS INSIGHTS FOR JUNE 2ND 2016

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
June 2nd, 2016 07:45am GMT, London UK

Market Recap & Outlook:

OPEC to meet on Thursday, Gold prices down, Sterling falls.

The Pound slumped on Wednesday June 1st after data showing that UK manufacturing edged back into expansion territory in May but growth remained subdued as the Organisation for Economic Cooperation and Development (OECD) cut its UK growth forecast and warned against Britain leaving the EU. GBP/USD touched lows of 1.4450, down from approximately 1.4467 ahead of the data. The Pound was also lower against the Euro, with EUR/GBP rising 0.55 percent to 0.7713.

In the Euro zone, data released on Wednesday showed that factory growth remained lackluster in May, adding to pessimism over the outlook for second quarter growth.

Oil futures were down by over 1 percent on Wednesday with Middle East output set to increase, while demand from China remains weak. US crude futures for July delivery were down 61 cents/1.24 percent at $48.49 a barrel, while Brent crude futures for August delivery also shed 1.24 percent to $49.27. The OPEC meeting in Vienna this Thursday is expected to put emphasis on market share. Ahead of the meeting, UAE Oil Minister Suhail Al Mazroui said he was happy with the current state of the market.

Gold for August delivery was down 0.23 percent to $1214.75 a troy ounce. US equities were higher at the close on Wednesday as gains in the Basic Materials, Healthcare and Utilities sectors propelled shares higher. At the close in NTSE, the Dow Jones Industrial Average rose 0.01 percent, while the S&P 500 index added 0.11 percent and the NASDAQ Composite index gained 0.08 percent. EUR/USD was up 0.49 percent to 1.1187 while USD/JPY fell 1.05 percent to 109.54.

The US Dollar index was down 0.44 percent at 95.41.

GBP/USD: A binary Put option coincides with the trend, seen below.
GBPUSD Binary Options Insights for June 2nd 2016

EUR/GBP: A binary Call option coincides with the trend, seen below.
EURGBP Binary Options Insights for June 2nd 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for June 2nd 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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