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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
June 27th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The Pound Fell dramatically on Friday, suffering its biggest one day selloff in recent history while the Yen and Dollar soared after a surprise UK vote to exit the EU sent shock waves throughout global markets. The UK voted by almost 52 percent to 48 percent on Thursday to break away from the worlds largest trading bloc. British Prime Minister David Cameron, who had backed the failed ‘Remain’ campaign stepped down after the final referendum result was announced.

Sterling tumbled amid fears that the decision may hit investment in the UK economy, threaten London’s role as a global financial capital and trigger months of political uncertainty. The vote may lead to a breakup of the United Kingdom, with Scotland now likely to hold a second independence referendum.

GBP/USD stood at 1.3616 late on Friday, down 8 percent for the day, its weakest level since 1985. It was the worst day for the Pound since the currency’s devaluation in 1967. The Pound found some support after the Bank of England announced it was ready to take “all necessary steps” to ensure financial and monetary stability including pumping £240 Billion into the economy. Bank of England Governor Mark Carney said the BoE will consider in the coming weeks whether to take additional policy responses. Central banks from the G7 group also said in a joint statement that they were prepared to provide additional liquidity to markets as needed.

The Euro fell 2.3 percent against the Dollar on Friday, with EUR/USD at 1.1120 late Friday. The Yen surged against the Dollar, with USD/JPY striking lows of 99.03, not seen since November 2013, before finally pulling back to 102.22.

Oil prices dropped on Friday but gathered back some overnight losses after the UK vote result triggered a broad based selloff in global markets. On the New York Mercantile Exchange, crude oil for delivery in August settled at $47.56 a barrel at the close, down $2.55 for the day after falling as low as $46.70 a barrel in overnight trading. Global benchmark Brent settled at $48.41 per barrel, down $2.50. It was the largest one day decline for both contracts since February.

The Shock UK vote sent investors flooding into bullion and other safe haven assets causing Gold to rally to a two year high. Gold for August delivery settled at $1,318.50 a troy ounce, up 4.39 percent, Gold’s largest one day gain since September 2013.

GBP/USD: A binary Put option coincides with the trend, seen below.
GBPUSD Binary Options Insights for June 27th 2016

EUR/USD: A binary Put option coincides with the trend, seen below.
EURUSD Binary Options Insights for June 27th 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for June 27th 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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