+1 (866)-882-6854
+ 44 203-807-1675
01:52:54 GMT
Black & White


We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
July 18th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Failed coup in Turkey effects market.

The Euro fell sharply against the Dollar and Yen late on Friday July 15 as risk aversion took hold following the news an apparent coup was underway in Turkey. EUR/USD fell 0.83 percent to 1.1.29 in late trade and EUR/JPY was down 1.22 percent at 115.74 after reports that sections of the Turkish military had taken over key bridges in Istanbul and attacked parliament buildings in Ankara.

The Euro rose against the Pound though, with EUR/GBP up 0.56 percent to 0.8366 after the Bank of England’s (BoE) chief economist said it is poised to ease monetary policy in August to counteract the negative effects from the vote to leave the European Union. Sterling had strengthened across the board a day earlier following the BoE decision to keep interest rates on hold at the conclusion of its policy meeting, ending any expectation for rate cuts.

Gold prices fell on Friday in the wake of several upbeat US economic reports suggesting that economic growth had regained some strength in the second quarter. Gold for August delivery on the New York Mercantile Exchange dropped $4.80/0.36 percent to settle at $1,327.40 a troy ounce by close of trade. Prices of the Metal turned slightly higher in post settlement trade after the news broke of the apparent – and short lived – military coup in Turkey.

Oil prices were little changed on Sunday in early trade as the impact of the failed coup in Turkey was broadly expected to be limited on global markets. Brent futures for September delivery rose $0.02/0.04 percent at $45.82 per barrel. Prices had rallied in late trade on Friday as news broke of the events in Turkey, igniting concerns about disruptions to shipments along one of the worlds busiest shipping routes.

In the coming week, market players will turn their attention to the outcome of Thursday’s European Central Bank meeting to see whether policy makers will step up monetary stimulus to counteract the negative economic shock caused by the Brexit vote.

EUR/USD: A binary Call option coincides with the trend, seen below.
EURUSD Binary Options Insights for July 18th 2016

EUR/JPY: A binary Put option coincides with the trend, seen below.
EURJPY Binary Options Insights for July 18th 2016

EUR/GBP: A binary Put option coincides with the trend, seen below.
EURGBP Binary Options Insights for July 18th 2016

Share Button
Adam Stone
Follow me

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
Follow me

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store