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EUR/JPY 115.068 21:00 28.10
AUD/USD 0.75983 21:00 28.10
EUR/USD 1.09868 21:00 28.10
USD/JPY 104.714 21:00 28.10
EUR/JPY 115.047 20:30 28.10
AUD/USD 0.75965 20:30 28.10
EUR/USD 1.09845 20:30 28.10
USD/JPY 104.736 20:30 28.10
DOLLAR INDEX-SEP16 98.315 20:30 28.10
EUR/JPY 115.070 20:15 28.10
WELLS FARGO 46.225 20:00 28.10
USD/CHF 0.98763 20:00 28.10
TOYOTA (US) 114.760 20:00 28.10
SONY 31.475 20:00 28.10
OIL-DEC16 (WTI CRUDE) 48.745 20:00 28.10
SILVER 17.770 20:00 28.10
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By: Adam Stone
June 22nd, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Fed Chair Janet Yellen speaks to congress regarding US economy.

On Tuesday, Fed Chair Janet Yellen, in testimony before Congress, told lawmakers that the Federal Reserve’s ability to raise interest rates this year may hinge on a rebound in hiring that would convince policy makers that the US economy is not faltering. While She went on to express general optimism about the economy and played down the risk of recession she did say the Fed will remain cautious about interest rate increases until it is certain the job market is holding up. Immediate risks such as the potential fallout from Britain’s June 23 vote on whether or not to exit the EU may darken the US economic outlook, Yellen told the Senate Bank Committee, as could a downturn in productivity growth that could prove a permanent stumbling block to the economy. “Without a doubt, in the last several months a number of different metrics suggest… a loss of momentum in terms of the pace of improvement,” Yellen said.

“We believe that will turn around, we expect it to turn around, but we are taking a cautious approach and watching very carefully to make sure that that expectation is borne out before we proceed to raise interest rates further.”

Her comments suggest the US central bank is likely to raise rates at its next policy meeting in late July, since it will only have one further monthly employment report in hand by that time.

US equities were higher at the close on Tuesday as gains in the Oil & Gas, Telecoms and Technology sectors propelled shares higher. The Dow Jones Industrial Average added 0.14 percent, while the S&P500 index climbed 0.27 percent and the NASDAQ Composite index also gained 0.14 percent.

In commodities trading, Gold for August delivery was down 1.75 percent to $1269.50 a troy ounce. Crude oil for delivery in August fell 0.26 percent to hit $49.83 a barrel while the August Brent oil contract fell 0.20 percent to trade at $50.55 a barrel.

EUR/USD was down 0.52 percent to 1.1256 , while USD/JPY rose 0.84 percent to 104.81.

The Pound backed away from almost six month highs against the Dollar after an opinion poll showing that the campaign for the UK to stay in the EU lost some of its lead ahead of Thursday’s referendum.

GBP/USD was at 1.4701, almost unchanged for the day after rising to highs of 1.4781 earlier, the most since January 4.

EUR/USD: A binary Put option coincides with the trend, seen below.
EURUSD Binary Options Insights for June 22nd 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for June 22nd 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
GBPUSD Binary Options Insights for June 22nd 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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