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BITCOIN 634.738 05:00 22.10
BitCoin/CNY 4294.575 05:00 22.10
GBP/USD FUTURE 1.223020 05:00 22.10
GOLD FUTURE 1266.4968 05:00 22.10
EUR/JPY FUTURE 113.0413 05:00 22.10
OIL (BRENT) FUTURE 51.9080 05:00 22.10
AUD/USD FUTURE 0.760684 05:00 22.10
USD/JPY FUTURE 103.8494 05:00 22.10
EUR/USD FUTURE 1.088269 05:00 22.10
BITCOIN 634.938 04:30 22.10
BitCoin/CNY 4295.930 04:30 22.10
GBP/USD FUTURE 1.223020 04:30 22.10
EUR/JPY FUTURE 113.0409 04:30 22.10
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By: Adam Stone
August 2nd, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Friday and the week ahead.

The Dollar pulls away from lows reached on Friday, Sterling drops lower as slowdown fears confirmed.

Following the release of disappointing US growth figures, Monday August 1st saw the Dollar hold onto gains against the other major currencies and pull away from the lows reached on Friday. The Institute for Supply Management said its index of manufacturing activity fell to 52.6 last month from June’s 53.2. The Dollar also recovered from sharp losses posted in the wake of the Bank of Japan’s decision to approve only moderate stimulus measures at Friday’s monetary policy meeting. Markets had hoped for far more aggressive easing by the BoJ. The US Dollar index was up 0.16 percent at 95.68 , not far from the five week low of 95.33 seen on Friday July 29th.

USD/JPY rose 0.39 percent to trade at 102.43 , while the EUR/USD currency pair closed at 1.1168.

The Pound slipped lower against the Dollar on Monday after the slowdown in UK manufacturing activity in July was confirmed to be worse than initially estimated, adding to the concerns regarding the outlook for growth in Britain. GBP/USD closed down 0.22 percent at 1.3199.

US Crude fell below $40 a barrel on Monday for the first time since April as oil prices settled down almost 4 percent on growing fears of a crude glut despite the peak summer fuel demand. An almost 15 percent drop in US crude prices in July, the worst monthly loss in twelve months, also triggered liquidation as trading started for August. Brent crude closed down $1.39/3.2 percent at $42.14 a barrel. Crude prices remain almost 55 percent above the 12 year lows of $26/$27 reached in the first quarter.

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for August 2nd 2016

EUR/USD: A binary Call option coincides with the trend, seen below.
EURUSD Binary Options Insights for August 2nd 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
GBPUSD Binary Options Insights for August 2nd 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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