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GBP/USD 1.22307 11:50 25.10
EUR/USD 1.08845 11:50 25.10
FTSE F-DEC16 6986.750 11:45 25.10
OIL-DEC16 (BRENT) 51.580 11:45 25.10
AUD/USD 0.76392 11:45 25.10
AUD/JPY 79.836 11:45 25.10
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NASDAQ F-DEC16 4909.875 11:45 25.10
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OIL-DEC16 (WTI CRUDE) 50.755 11:45 25.10
GOLD 1269.583 11:45 25.10
EUR/JPY 113.723 11:45 25.10
USD/JPY 104.509 11:45 25.10
GBP/USD 1.22334 11:40 25.10
EUR/USD 1.08816 11:40 25.10
AUD/CAD 1.01685 11:40 25.10
Vodafone 226.955 11:30 25.10
Rio Tinto 2758.500 11:30 25.10
LLOYDS Bank 54.546 11:30 25.10
HSBC L 624.350 11:30 25.10
FTSE F-DEC16 6985.750 11:30 25.10
FTSE 100 7015.310 11:30 25.10
British American T 4713.500 11:30 25.10
Bp 492.550 11:30 25.10
Barclays 183.055 11:30 25.10
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By: Adam Stone
July 12th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Oil declines as Drilling activity increases, Yen falls following Japanese election.

US stocks were higher at the close on Monday, with gains in the Consumer Services, Technology and Basic Materials sectors leading shares higher. At the close in NYSE the Dow Jones Industrial Average gained 0.44 percent to reach a new 52 week high, the S&P 500 index gained 0.34 percent and the NASDAQ Composite index gained 0.64 percent. The US Dollar index was up 0.30 percent at 96.60.

The Yen fell across the board on Monday as traders reacted to Sunday’s election win by the ruling Japanese coalition. The win raised hopes that Prime Minister Shinzo Abe’s economic policies, including fiscal stimulus, would progress. The coalition’s stronger hold on power means policy makers can now, more easily, approve a larger fiscal stimulus package to enliven the economy. A stimulus package of at least 10 trillion Yen ($97.9 billion) is expected. USD/JPY last stood at 102.19, up 1.6 percent on the day. Against the Euro, the Yen dropped 1.5 percent to 112.74 (EUR/JPY ). While EUR/USD was up 0.06 percent to 1.1057.

Monday July 11th saw oil prices decline, falling to two month lows caused in part by the ongoing recovery in US drilling activity. US crude dropped as low as $44.55 a barrel, a level not seen since May. It last stood at $44.83, down 58 cents/1.28 percent, while Brent lost 48 cents/0.98 percent to trade at $46.28 a barrel.

Oilfield services provider Baker Hughes said late on Friday that the number of oil rigs drilling for oil in the US increased by 10 last week to 351, marking the fifth increase in six weeks. The renewed US drilling activity fueled speculation that domestic production may be on the verge of rebounding in the coming weeks, adding to existing supply glut fears.

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for July 12th 2016

EUR/JPY: A binary Put option coincides with the trend, seen below.
EURJPY Binary Options Insights for July 12th 2016

EUR/USD: A binary Call option coincides with the trend, seen below.
EURUSD Binary Options Insights for July 12th 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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