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BINARY OPTIONS INSIGHTS FOR SEPTEMBER 9TH 2016

BitCoin/CNY 6263.480 23:00 17.01
NZD/JPY 81.341 23:00 17.01
AUD/USD 0.75578 23:00 17.01
AUD/JPY 85.251 23:00 17.01
EUR/JPY 120.804 23:00 17.01
USD/JPY 112.794 23:00 17.01
EUR/USD 1.07108 23:00 17.01
AUD/NZD 1.04809 23:00 17.01
NZD/USD 0.72115 23:00 17.01
CAD/JPY 86.467 23:00 17.01
GBP/JPY 139.897 23:00 17.01
BitCoin/CNY 6264.060 22:30 17.01
NZD/JPY 81.294 22:30 17.01
AUD/USD 0.75594 22:30 17.01
AUD/JPY 85.194 22:30 17.01
EUR/JPY 120.721 22:30 17.01
EUR/USD 1.07112 22:30 17.01
USD/JPY 112.707 22:30 17.01
BitCoin/CNY 6191.350 22:00 17.01
AUD/NZD 1.04843 22:00 17.01
NZD/USD 0.72165 22:00 17.01
CAD/JPY 86.347 22:00 17.01
NZD/JPY 81.262 22:00 17.01
AUD/USD 0.75675 22:00 17.01
AUD/JPY 85.208 22:00 17.01
GBP/JPY 139.822 22:00 17.01
EUR/JPY 120.657 22:00 17.01
USD/JPY 112.621 22:00 17.01
EUR/USD 1.07137 22:00 17.01
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By: Adam Stone
September 9th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Oil prices extent gains as US crude supplies fall by levels unseen since 1985.

Thursday saw the Euro rise to a two week high against the Dollar and reach the highest level in a week against the British Pound after European Central Bank President Mario Draghi said the ECB did not discuss extending its quantitative easing program beyond March 2017 despite a small downward revision to its forecast. Draghi said current monetary policy is effective and the changes to the banks growth forecast are not so substantial as to warrant a decision to act. He went on to confirm that the ECB will run its monthly asset purchase program until March 2017 or beyond if needed, until a “sustained adjustment in the path of inflation” has been achieved.

EUR/USD reached highs of 1.1327 immediately after the remarks were made, before pulling back to trade at 1.1270.

EUR/GBP rose to 0.8493, while the Dollar fell against the Yen, with USD/JPY last trading at 101.67.

Oil prices extended gains on Thursday after data showed that crude supplies in the US fell by the largest quantity since April 1985. The US Energy Administration said in its weekly report that crude oil inventories fell by 14.51 million barrels in the week ended September 2. Market analysts expected a crude stock gain of 225,000, while the American Petroleum Institute reported on Tuesday a supply drop of 12.1 million barrels.

Crude oil for October delivery on the New York Mercantile Exchange was up $1.41/3.1 percent, at $47.02 a barrel. Prices had been close to $46.18 prior to the inventory data release. Brent oil for November delivery tacked on $1.42/2.94 percent, to trade at $49.40 a barrel.

Gold prices struggled for Direction on Thursday September 8th, as investors digested the latest US data and comments from ECB President Mario Daghi. Gold for December delivery on the New York Mercantile Exchange rose $1.05/0.09 percent, to trade at $1,350.35.

EUR/USD: A binary Call option coincides with the trend, seen below.
EURUSD Binary Options Insights for September 9th 2016

EUR/GBP: A binary Call option coincides with the trend, seen below.
EURGBP Binary Options Insights for September 9th 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
USDJPY Binary Options Insights for September 9th 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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