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BINARY OPTIONS INSIGHTS FOR JULY 19TH 2016

BitCoin/CNY 6291.000 11:00 24.01
USD/MXN 21.421 11:00 24.01
FTSE F-MAR17 7107.750 11:00 24.01
USD/RUB 59.259 11:00 24.01
USD/NOK 8.35711 11:00 24.01
USD/CHF 1.00118 11:00 24.01
OIL-MAR17 (BRENT) 55.480 11:00 24.01
EUR/ILS 4.06935 11:00 24.01
USD/ILS 3.79245 11:00 24.01
SBERBANK 168.585 11:00 24.01
GAZPROM 149.220 11:00 24.01
NZD/CHF 0.72229 11:00 24.01
CAD/CHF 0.75325 11:00 24.01
NZD/USD 0.72145 11:00 24.01
SUGAR (11)-MAR17 20.9750 11:00 24.01
CAD/JPY 85.347 11:00 24.01
AUD/USD 0.75568 11:00 24.01
AUD/JPY 85.721 11:00 24.01
GBP/USD 1.24566 11:00 24.01
EUR/USD 1.07297 11:00 24.01
VTB BANK 0.068940 11:00 24.01
ROSNEFT' 387.325 11:00 24.01
METRO AG 31.955 11:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 11:00 24.01
SILVER 17.108 11:00 24.01
GOLD/EUR 1129.755 11:00 24.01
USD/JPY 113.440 11:00 24.01
EUR/JPY 121.719 11:00 24.01
GOLD VS OIL 21.8500 11:00 24.01
BMW VS DAIMLER 1.22767 11:00 24.01
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By: Adam Stone
July 19th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Oil prices fall, Sterling rises, Yen weakens across the board

Monday saw the British Pound rise to the days highs following Bank of England’s policy maker Martin Weale stating he was unsure if he would support an interest rate cut at the central bank’s August meeting. Weale said he would need to see firmer evidence of the impact of the UK’s vote to leave the European Union before supporting a rate cut at next months meeting.

“Uncertainty points to the argument that we should wait for firmer evidence before making any policy change” he said.

GBP/USD rose 0.64 percent to 1.3265, coming off the lows of 1.3130 reached on Friday July 15th. The Pound was also higher against the Euro and Yen, the traditional safe haven Yen weakened broadly on Monday as Turkey’s government regained control of the country in the wake of Friday’s failed coup. Safe haven assets had initially been sought and bought by investors on reports of the situation in Turkey, but those trades were mostly unwound on Monday.

EUR/GBP was down 0.39 percent at 0.8333 on Monday, with GBP/JPY advancing 1.23 percent to 140.18.

Oil prices fell by more than 1 percent on Monday after rising stockpiles of crude and refined fuel intensified fears of yet another major glut. Market intelligence firm Genscape reported that the Cushing, Oklahoma delivery hub for US crude futures saw a supply build of 26,460 barrels in the week to July 15. Brent crude (LCOc1) was down 84 cents/1.8 percent at $46.77 a barrel after falling more than $1 earlier to an intra-day low of $46.50.

Oil prices are up almost 75 percent since hitting 12 year lows of approximately $27 for Brent and about $26 for US crude in the first quarter. The rally has faltered since the two benchmarks breached the $50 mark in May after fears that higher prices will fuel more production came to the fore.

Gold prices on Monday July 18th slipped lower in North American, as investors unwound safe haven trades in the aftermath of the failed military coup in Turkey. Gold had initially turned higher in post settlement trade late on Friday as reports of the events in Turkey panicked investors. Gold for August delivery on the Comex division of the New York Mercantile Exchange dipped 40 cents/0.03 percent to trade at $1,327.10 a troy ounce .

GBP/USD: A binary Call option coincides with the trend, seen below.
GBPUSD Binary Options Insights for July 19th 2016

EUR/GBP: A binary Put option coincides with the trend, seen below.
EURGBP Binary Options Insights for July 19th 2016

GBP/JPY: A binary Call option coincides with the trend, seen below.
GBPJPY Binary Options Insights for July 19th 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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