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OIL-DEC16 (BRENT) 49.970 17:45 28.10
ALIBABA 101.990 17:45 28.10
APPLE 113.980 17:45 28.10
AUD/USD 0.75862 17:45 28.10
AUD/JPY 79.405 17:45 28.10
FACEBOOK 131.815 17:45 28.10
ALPHABET Inc C (Google) 799.675 17:45 28.10
SILVER 17.823 17:45 28.10
NASDAQ F-DEC16 4805.375 17:45 28.10
GOLD/EUR 1163.895 17:45 28.10
OIL-DEC16 (WTI CRUDE) 49.175 17:45 28.10
GOLD 1277.738 17:45 28.10
EUR/JPY 114.909 17:45 28.10
USD/JPY 104.673 17:45 28.10
GBP/USD 1.22090 17:40 28.10
EUR/USD 1.09870 17:40 28.10
WELLS FARGO 46.115 17:30 28.10
OIL-DEC16 (BRENT) 49.995 17:30 28.10
TOYOTA (US) 114.750 17:30 28.10
COLGATE-PALMOLIVE 70.870 17:30 28.10
FERRARI 52.975 17:30 28.10
TSX 60 871.590 17:30 28.10
NZD/CAD 0.95828 17:30 28.10
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By: Adam Stone
September 8th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The Euro weakens as investors look to Thursday’s European Central Bank meeting for possible easing measures.

The Dollar stayed slightly higher against the other major currencies on Wednesday September 7th, but due to the previous sessions downbeat US data which lowered any expectation for a rate hike this year by the Federal Reserve, gains were limited. Sentiment on the Dollar remained vulnerable, following the Institute of Supply Management’s statement that its ‘non manufacturing purchasing managers index’ dropped to 51.4 last month from 55.5 in July. Analysts had expected the index to only drop to 55.0.

Elsewhere, the Euro weakened as investors eyed the European Central Bank’s upcoming meeting this Thursday, as speculation abounds regarding the potential for easing measures to boost growth.

In the UK, the Office for National Statistics said on Wednesday that manufacturing production decreased by 0.9 percent in July, far worse than the expected decline of 0.4 percent.

EUR/USD fell 0.10 percent to 1.1245, USD/JPY dropped 0.38 percent to trade at 101.63. GBP/USD declined 0.48 percent to 1.3376, off the previous sessions high of 1.3446.

Oil prices rose 1.5 percent on Wednesday as markets focused on the possibility that the world’s top producers will agree on an output freeze. Trade was choppy as many traders looked ahead to Thursday morning’s US oil inventory data, for clearer direction. Brent futures rose 72 cents to settle at $47.98 a barrel after trading between $46.97 and $48.10. US crude traded between $44.55 and $45.58 before finishing 67 cents higher on the day at $45.50, the third day of gains in a row for US futures. Oil hit a one week low on Monday after Saudi Arabia and Russia agreed to cooperate on stabilizing the market. Since then, prices have fallen due to uncertainty regarding the details of the deal.

Gold prices remained close to a three week high on Wednesday, as investors focused on the next set of US data releases for further guidance on the timing of the next interest rate hike. Gold for December delivery rose to a daily high of $1,357.60 a troy ounce, the most since August, it was last trading at $1,353.95.

EUR/USD: A binary Put option coincides with the trend, seen below.
EURUSD Binary Options Insights for September 8th 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for September 8th 2016

GBP/USD: A binary Put option coincides with the trend, seen below.
GBPUSD Binary Options Insights for September 8th 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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