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AUD/NZD 1.06924 21:00 26.10
NZD/USD 0.71534 21:00 26.10
CAD/JPY 78.088 21:00 26.10
NZD/JPY 74.745 21:00 26.10
AUD/USD 0.76507 21:00 26.10
AUD/JPY 79.936 21:00 26.10
GBP/JPY 127.953 21:00 26.10
USD/JPY 104.480 21:00 26.10
EUR/JPY 113.970 21:00 26.10
EUR/USD 1.09085 21:00 26.10
USD/CHF 0.99345 21:00 26.10
USD/CAD 1.33799 21:00 26.10
AUD/CAD 1.02365 21:00 26.10
DOLLAR INDEX-SEP16 98.590 21:00 26.10
EUR/CAD 1.45955 21:00 26.10
EUR/GBP 0.89073 21:00 26.10
AUD/USD 0.76463 20:30 26.10
AUD/JPY 79.909 20:30 26.10
USD/CAD 1.33796 20:30 26.10
AUD/CAD 1.02301 20:30 26.10
DOLLAR INDEX-SEP16 98.615 20:30 26.10
EUR/JPY 113.971 20:30 26.10
EUR/CAD 1.45911 20:30 26.10
USD/JPY 104.507 20:30 26.10
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By: Adam Stone
July 4th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Friday’s roundup and the week ahead.

Friday saw the US dollar ease against its major counterparts, aided in part by the fading expectation of a Federal Reserve rate hike in the coming months and as markets continue to evaluate the Brexit vote fallout. GBP/USD dropped 0.33 percent to 1.3266.

USD/JPY fell 0.61 percent to 102.59, while EUR/USD rose 0.23 percent to 1.1131.

The Euro rose following a Reuters report stating the European Central Bank was not considering buying government debt out of proportion to euro zone countries’ shareholding in the bank.

Oil Futures ended higher on Friday as a weaker US Dollar gave support to the commodity and this in turn was helped by subsiding fears regarding the Brexit referendum’s impact on Crude demand.

A weaker Dollar often leads to higher oil prices as it makes dollar denominated commodities cheaper for holders of other currencies. Gains were limited however as data revealed that the US oil rig count rose for the fourth time during the last five weeks. On the New York Mercantile Exchange, crude oil for delivery in August advanced 66 cents to end at $48.99 per barrel.

Gold prices rallied on Friday, closing just below a 27 month peak. Gold for August delivery jumped $18.40 to settle at $1,339.00 an ounce by close of trade. For the week, gold futures added 1.27 percent, the fifth straight weekly gain.

In the coming week, market players will shift attention from Brexit related news to more economic fundamentals and US monetary policy, with the June nonfarm payrolls report and the FOMC (Federal Open Market Committee) meeting minutes in the spotlight.

US financial markets will be closed on Monday for the Independence Day holiday.

GBP/USD: A binary Call option coincides with the trend, seen below.
GBPUSD Binary Options Insights for July 4th 2016

USD/JPY: A binary Call option coincides with the trend, seen below.
USDJPY Binary Options Insights for July 4th 2016

EUR/USD: A binary Put option coincides with the trend, seen below.
EURUSD Binary Options Insights for July 4th 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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