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BINARY OPTIONS INSIGHTS FOR OCTOBER 7TH 2016

GBP/USD 1.25030 20:50 23.01
ALIBABA 98.255 20:45 23.01
GBP/USD 1.25057 20:40 23.01
BitCoin/CNY 6351.435 20:30 23.01
WELLS FARGO 54.405 20:30 23.01
TOYOTA (US) 118.250 20:30 23.01
COLGATE-PALMOLIVE 67.585 20:30 23.01
FERRARI 61.165 20:30 23.01
TSX 60 916.940 20:30 23.01
ALIBABA 98.210 20:30 23.01
BOEING 157.820 20:30 23.01
AUD/USD 0.75746 20:30 23.01
AUD/JPY 85.603 20:30 23.01
GBP/USD 1.25058 20:30 23.01
GENERAL ELECTRIC 29.645 20:30 23.01
S&P 500 2264.620 20:30 23.01
JP MORGAN CHASE 83.745 20:30 23.01
SILVER 17.171 20:30 23.01
AIG 65.535 20:30 23.01
USD/CAD 1.32506 20:30 23.01
GOLD 1215.815 20:30 23.01
DOW 19792.84 20:30 23.01
AUD/CAD 1.00366 20:30 23.01
DOLLAR INDEX-MAR17 100.135 20:30 23.01
3M 178.245 20:30 23.01
GOLD VS SILVER 70.8022 20:30 23.01
CITIGROUP 55.895 20:30 23.01
CITIGROUP VS AIG 0.85303 20:30 23.01
McDONALD'S 121.320 20:30 23.01
LAS VEGAS SANDS 55.485 20:30 23.01
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By: Adam Stone
October 7th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The Dollar holds onto gains ahead of Friday’s Nonfarm payrolls report.

Thursday saw the Dollar hold onto gains against the other major currencies, aided in part by strong US jobless claims data. The Dollar was boosted by a US department of Labor report claiming the number of individuals filing for initial jobless benefits in the week ending October 1 decreased by 5,000 to 249,000 from the previous week’s total of 254,000. Analysts has expected a rise of 3,000. Investors now turn their attention to Friday’s key US employment report for further indication on the strength of the jobs market, as the Federal Reserve has previously stated that future interest rate decisions will be data dependent.

EUR/USD fell 0.29 percent to 1.1172. GBP/USD dropped 0.82 percent to trade at a 31 year low of 1.2640. While USD/JPY gained 0.43 percent to trade at 103.96

Oil rose by more than 1 percent to reach four month highs on Thursday October 06th, in the wake of yet another informal OPEC meeting on output cuts and plunging US crude inventories. Oil has gained more than $6 a barrel since OPEC announced on September 28th that it wishes to reduce output to around 33 million barrels per day. This would remove close to three quarters of a million barrels per day from the global glut, currently estimated to be nearly 1.5 million barrels per day.

Brent crude settled up 65 cents/1.3 percent, at $52.51 a barrel.

Gold prices extended overnight losses on Thursday to reach the lowest level seen in four months, amid growing expectations for a December rate hike by the Federal Reserve.
Gold for December deliver fell to an intra day low of $1,254.00 a troy ounce. It was last trading at $1,255.65, down $12.95/1.02 percent.

EUR/USD: A binary Put option coincides with the trend, seen below.
eurusd Binary Options Insights for October 7th 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
gbpusd Binary Options Insights for October 7th 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
usdjpy Binary Options Insights for October 7th 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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