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BITCOIN 666.947 16:00 23.10
BitCoin/CNY 4512.495 16:00 23.10
GBP/USD FUTURE 1.223020 16:00 23.10
GOLD FUTURE 1266.5144 16:00 23.10
EUR/JPY FUTURE 113.0370 16:00 23.10
OIL (BRENT) FUTURE 51.8717 16:00 23.10
AUD/USD FUTURE 0.760614 16:00 23.10
USD/JPY FUTURE 103.8205 16:00 23.10
EUR/USD FUTURE 1.088610 16:00 23.10
BITCOIN 667.157 15:40 23.10
BitCoin/CNY 4513.920 15:40 23.10
GBP/USD FUTURE 1.223020 15:40 23.10
EUR/JPY FUTURE 113.0406 15:40 23.10
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By: Adam Stone
September 19th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Friday saw the Dollar extend gains to almost three week highs against the other major currencies, despite a disappointing US consumer sentiment report. The US Commerce Department said the Consumer Price Index rose 0.2 percent in August, compared to the expected gain of 0.1 percent. Year over year, consumer prices increased 1.1 percent above expectations for a gain of 1.0 percent. Core CPI which excludes food and energy costs, increased by 0.3 percent last month, above the expected rise of 0.2 percent and after a 0.1 percent advance in July. Market participants now look to the Federal Reserve’s next policy meeting amid ongoing uncertainty regarding a possible rate hike.

USD/JPY ROSE 0.17 percent to trade at 102.24, while EUR/USD fell 0.68 percent to 1.1166, the lowest since September 6.

GBP/USD dropped 1.06 percent to 1.3100, a level not seen since August 31.

The Pound remained under pressure following the Bank of England’s decision to keep monetary policy on hold last Thursday, but indicated that it may cut interest rates once again in November if the economy remains as it currently stands.

Oil futures dropped significantly on Friday, with US crude prices reaching a five week low. This drop was aided by an ongoing recovery in US drilling activity and increasing exports from OPEC which add to existing concerns of a global supply glut. On the New York Mercantile Exchange, crude oil for October delivery fell to a daily low of $42.74 a barrel. By close of trade it stood at $43.03, down 88 cents/2 percent, on the day. For the week, New York traded oil futures dropped $2.54/6.2 percent, the third weekly loss over the past four weeks.

Gold prices fell to a two week low on Friday. Gold for December delivery on the New York Mercantile Exchange dropped to a daily low of $1,309.20 a troy ounce. It ended at $1,310.20 by close of trade on Friday. For the week, the metal ended with a loss of $21.20/1.83 percent, as markets continued to speculate over the timing of the next Fed rate hike.

USD/JPY: A binary Call option coincides with the trend, seen below.
usdjpy Binary Options Insights for September 19th 2016

EUR/USD: A binary Put option coincides with the trend, seen below.
eurusd Binary Options Insights for September 19th 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
gbpusd Binary Options Insights for September 19th 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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