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By: Adam Stone
August 3rd, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Friday and the week ahead.

The Dollar falls to six week lows while the Yen strengthens after fiscal stimulus announced.

Tuesday saw the Yen strengthen after Japanese Prime Minister Shinzo Abe announced a fresh stimulus package as part of an effort to boost the economy. The package includes 13.5 Trillion Yen in fiscal measures, while actual new direct spending will total approximately 7.5 Trillion Yen, over the next two years.

The US Dollar fell to a six week low against the other major currencies on Tuesday August 2nd pressured by expectations that the Federal Reserve would delay raising interest rates following recent soft US economic data. The Dollar dropped to a three week low against the Yen after the Japanese government approved and announced its upcoming stimulus measures. The Dollar fell to its lowest point in six weeks against the Euro, while the British Pound rose against the Dollar despite the release of down beat UK construction activity data.

USD /JPY fell 1.35 percent to trade at 101.03. EUR/USD gained 0.46 percent to reach a five week high of 1.1214, GBP/USD rose 0.86 percent at 1.3289.

US crude fell to end below $40 a barrel on Tuesday as persistent fears of both a crude and refined fuel glut and a slide in US equities offset an early boost from a weak Dollar.
US West Texas Intermediate crude settled down 55 cents/1.4 percent at $39.51 a barrel, while Brent crude fell 34 cents/0.8 percent to settle at $41.80.

Gold rallied on Tuesday ,rising more than $10 an ounce to almost 28 month highs aided by the Dollar dropping to its lowest level since June and inflation remaining relatively weak. On the Comex Division of the New York Mercantile Exchange, Gold for December delivery settled at $1,372.25 an ounce, up $12.65/0.93 percent on the session. Gold has now closed higher in six consecutive sessions. Since starting the year close to $1,075 an ounce, Gold has soared nearly 30 percent year to date and is on pace for one of its strongest years in a decade.

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for August 3rd 2016

EUR/USD: A binary Call option coincides with the trend, seen below.
EURUSD Binary Options Insights for August 3rd 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
GBPUSD Binary Options Insights for August 3rd 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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