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BINARY OPTIONS INSIGHTS FOR JUNE 7TH 2016

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
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By: Adam Stone
June 7th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Fed statement provides few clues on rate hikes to come.

On Monday, Federal Reserve Chair Janet Yellen gave a generally upbeat assessment of the US economic outlook and said interest rate hikes are coming, but gave little indication of when. To many investors, the absence of a time frame suggests the Fed will delay its next rate hike well beyond next week, when US bankers next gather to make monetary policy. The Dollar initially rose following Yellen’s comments but later retraced. Financial markets did not give any clear signal as to whether investors saw a greater or lesser chance of a rate hike in the near future following the remarks either. US stock prices were up modestly from levels seen prior to the speech.

US equities were higher at the close on Monday as gains in the Oil & Gas, Industrials and Basic Materials sectors helped shares climb higher.
In commodities trading, Gold for August delivery was up 0.41 percent to $1247.95 a troy ounce. Crude oil for delivery in July rose 2.32 percent to hit $49.75 a barrel, while the Brent crude oil contract rose 1.81 percent to trade at $50.54 a barrel.

EUR/USD was down 0.04 percent to 1.1362, with USD/JPY rising 0.99 percent to 107.59. The US Dollar index was up 0.09 percent at 93.98.

With only a few weeks left before Britain holds its referendum, two weekend polls have shown an increase in support among voters for the UK to leave the European Union. A top opinion poll found 45 percent of Britons supported the Leave campaign, compared to 41 percent supporting the Remain movement. The numbers were 43 percent and 41 percent respectively in a similarly respected survey. The Pound tumbled more than 1 percent to a three week low of 1.4352 against the Dollar , before rebounding to 1.4435 , down 0.6 percent for Monday June 6th.

EUR/USD: A binary Put option coincides with the trend, seen below.
EURUSD Binary Options Insights for June 7th 2016

USD/JPY: A binary Call option coincides with the trend, seen below.
USDJPY Binary Options Insights for June 7th 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
GBPUSD Binary Options Insights for June 7th 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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