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GBP/USD FUTURE 1.223020 19:00 23.10
GOLD FUTURE 1266.5103 19:00 23.10
EUR/JPY FUTURE 113.0406 19:00 23.10
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BitCoin/CNY 4493.720 18:40 23.10
GBP/USD FUTURE 1.223020 18:40 23.10
EUR/JPY FUTURE 113.0406 18:40 23.10
OIL (BRENT) FUTURE 51.8691 18:40 23.10
AUD/USD FUTURE 0.760621 18:40 23.10
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By: Adam Stone
July 27th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

US crude prices fall, the Yen receives a boost & the Pound slips against the Dollar.

Tuesday saw the Pound edge lower against the Dollar, with GBP/USD down 0.13 percent at 1.3122. Expectations for a rate cut by the Bank of England at its August policy meeting mounted following a report by the Financial Times stating that Martin Weale, a member of the Bank of England’s rate setting committee dropped his opposition to an easing and is now in favor of immediate stimulus. EUR/USD, meanwhile held steady at 1.0991.

The Yen was boosted by a Nikkei report showing the Japanese government plans a direct fiscal stimulus of approximately 6 trillion Yen over the coming years, this dashed the hopes of the expected 10 – 20 trillion Yen fiscal stimulus. The Dollar had climbed to as high as 107.49 last week as investor expectations had mounted for Tokyo to unveil an aggressive stimulus package. Market players are also looking forward to the Bank of Japan’s policy meeting later in the week. The BoJ is expected to ease policy further at the conclusion of its meeting this Friday. USD/JPY was down 1.09 percent at 104.65, after dropping to an almost two week low of 104.00 earlier in the day.

US crude prices fell on Tuesday July 26th reaching three month lows on the back of renewed fears of a glut. Trade group American Petroleum Institute (API) said after the market’s settlement that US crude stockpiles fell by 827,000 barrels last week, compared to the analyst’s expected 2.3 million barrels. One Senior investor at PSW investments in San Diego California said, “The API data suggests there’s still an oversupply of crude, that there is no particular indication of any sort of build in demand and that refiners can’t go on making gasoline from crude because they’re running out of places to put them”.

Gasoline stockpiles fell by 423,000 barrels, API reported, compared to the expected 36,000 barrel gain. Brent (LCOc1) rose by 15 cents/0.3 percent, to settle at $44.87 a barrel, turning negative following the API data release.

GBP/USD: A binary Call option coincides with the trend, seen below.
GBPUSD Binary Options Insights for July 27th 2016

EUR/USD: A binary Call option coincides with the trend, seen below.
EURUSD Binary Options Insights for July 27th 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for July 27th 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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