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BitCoin/CNY 6273.870 21:00 24.01
WELLS FARGO 54.700 21:00 24.01
USD/CHF 1.00085 21:00 24.01
TOYOTA (US) 117.620 21:00 24.01
SONY 30.485 21:00 24.01
SILVER 17.118 21:00 24.01
GOLD 1209.957 21:00 24.01
COLGATE-PALMOLIVE 68.265 21:00 24.01
FIAT CHRYSLER 10.89 21:00 24.01
LOCKHEED MARTIN 252.895 21:00 24.01
FERRARI 62.695 21:00 24.01
TSX 60 924.440 21:00 24.01
AUD/NZD 1.04665 21:00 24.01
ALIBABA 101.450 21:00 24.01
BOEING 160.540 21:00 24.01
NZD/USD 0.72463 21:00 24.01
BANK OF AMERICA 22.945 21:00 24.01
PFIZER 31.155 21:00 24.01
CAD/JPY 86.432 21:00 24.01
NZD/JPY 82.435 21:00 24.01
AUD/USD 0.75845 21:00 24.01
AUD/JPY 86.280 21:00 24.01
GBP/JPY 142.263 21:00 24.01
GENERAL ELECTRIC 29.990 21:00 24.01
S&P 500 2280.120 21:00 24.01
JP MORGAN CHASE 84.715 21:00 24.01
GOLD/EUR 1127.335 21:00 24.01
USD/JPY 113.763 21:00 24.01
EUR/JPY 122.101 21:00 24.01
CITIGROUP VS JP MORGAN CHASE 0.67015 21:00 24.01
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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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