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BINARY OPTIONS INSIGHTS FOR AUGUST 10TH 2016

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
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By: Adam Stone
August 10th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Sterling falls to its lowest level in a month as the Bank of England falls short of target.

Tuesday saw the Dollar move slightly lower against the other major currencies. While the Dollar remained supported by Friday’s strong US jobs report, Investors turned attention to this coming Friday’s US retail sales data for more indication as to the strength of the US economy. EUR/USD rose 0.24 percent to 1.1112, while USD/JPY dropped 0.56 percent to trade at 101.88.

GBP/USD fell for the fifth session in a row, falling below 1.30 for the first time in almost a month, as the Bank of England fell short of its target to buy over a Billion Pounds of long term debt on Tuesday, resuming a comprehensive Quantitive Easing program aimed at controlling the fallout from the Brexit vote. The currency pair traded between 1.2957 and 1.3032, before closing the US afternoon session at 1.2997, down 0.32 percent. The Pound has now erased all of its gains from last Tuesdays August 9th session when it jumped more than 1.5 percent to 1.3366, its highest level in over two weeks. The Pound is now approaching 31 year lows from early June when it fell to 1.2796 in the aftermath of the historic Brexit referendum.

On the Intercontinental Exchange, Brent crude for October delivery wavered between $44.80 and $45.73 a barrel before settling at $44.87, down 0.52/1.15 percent on the day. Crude futures have now fallen approximately 15 percent from the 10 month highs in June when both the US and international benchmarks of crude passed the $50 a barrel mark.

Gold rose slightly in quiet trade as equities worldwide reached their highest level in nearly a year, removing much of the precious metals appeal as a safe haven asset. On the New York Mercantile Exchange, Gold for December delivery traded between $1,336.10 and $1,348.45 an ounce before settling at $1,346, up 5.65/0.41 percent on the session.

EUR/USD: A binary Call option coincides with the trend, seen below.
EURUSD Binary Options Insights for August 10th 2016

USD/JPY: A binary Call option coincides with the trend, seen below.
USDJPY Binary Options Insights for August 10th 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
GBPUSD Binary Options Insights for August 10th 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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