+1 (866)-882-6854
+ 44 203-807-1675
Chat
01:50:24 GMT
Black & White

BINARY OPTIONS INSIGHTS FOR AUGUST 11TH 2016

X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
August 11th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The Dollar falls along with Crude futures, Sterling rises slightly.

Wednesday saw the Dollar fall against the other major currencies as investors re-evaluated whether the Federal Reserve will raise interest rates this year. The Dollar slipped against the Euro and the Yen following the release of downbeat productivity data which drained much of the momentum it had built up from last week’s robust jobs report.

EUR/USD rose 0.46 percent to 1.1166, while USD /JPY fell 0.65 percent to trade at 101.21.

The Dollar’s weakness however, gave the struggling Pound Sterling a much needed lift on Wednesday August 11th. The Pound had fallen on Tuesday after the Bank of England missed its target in a new bond buying program aimed at bolstering the economy. The BOE fell short of its £1.17 Billion target by £ 52 Million, when it failed to secure enough sellers. The Pound took a further knock when Bank of England policy maker Ian McCafferty said more monetary easing was likely to be needed if the UK’s economic decline deteriorated further. The Bank said on Wednesday it would delay making up the shortfall for three to six months.

GBP/USD rose 0.14 percent to close at 1.3018.

Crude futures fell on Wednesday, extending losses from the previous session, as investors reacted to an unexpected build in US crude inventories last week combined with a bullish forecast from OPEC on the potential for increased global demand growth for the rest of 2016. On Wednesday morning, the US Energy Information Administration (EIA) said in its weekly Petroleum Status Report that US commercial crude inventories increased by 1.1 million barrels for the week ending August 5 from the previous week. At 523.6 million barrels, US crude oil inventories are at historically high levels for this time of year. Analysts had anticipated a draw of 1.5 million barrels for the week, adjusting their expectations following a 2.09 million increase from the American Petroleum Institute on Tuesday evening after the close of trading.

On the Intercontinental Exchange, Brent crude for October delivery settled at $44.87, down 0.89/1.98 percent on the day.

EUR/USD: A binary Call option coincides with the trend, seen below.
EURUSD Binary Options Insights for August 11th 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for August 11th 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
GBPUSD Binary Options Insights for August 11th 2016

Share Button
Adam Stone
Follow me

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
Follow me

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store