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FTSE F-DEC16 6908.500 08:15 28.10
OIL-DEC16 (BRENT) 50.325 08:15 28.10
AUD/USD 0.75795 08:15 28.10
AUD/JPY 79.788 08:15 28.10
SILVER 17.613 08:15 28.10
NASDAQ F-DEC16 4796.125 08:15 28.10
GOLD/EUR 1160.645 08:15 28.10
OIL-DEC16 (WTI CRUDE) 49.485 08:15 28.10
GOLD 1266.625 08:15 28.10
EUR/JPY 114.881 08:15 28.10
USD/JPY 105.270 08:15 28.10
GBP/USD 1.21836 08:10 28.10
EUR/USD 1.09214 08:10 28.10
Vodafone 225.705 08:00 28.10
FTSE F-DEC16 6922.250 08:00 28.10
USD/RUB 62.957 08:00 28.10
USD/CHF 0.99341 08:00 28.10
OIL-DEC16 (BRENT) 50.345 08:00 28.10
COPPER-NOV16 2.1635 08:00 28.10
NZD/CHF 0.70787 08:00 28.10
CAD/CHF 0.74190 08:00 28.10
NZD/USD 0.71259 08:00 28.10
EUR/AUD 1.44102 08:00 28.10
CAD/JPY 78.621 08:00 28.10
AUD/USD 0.75755 08:00 28.10
AUD/JPY 79.746 08:00 28.10
GBP/USD 1.21810 08:00 28.10
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By: Adam Stone
October 10th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Friday’s disappointing US employment data sees the Dollar pull back from two month highs.

Friday October 7th saw the Dollar turn lower against the other major currencies, pulling back from a two month peak following the release of analytically disappointing US employment data for September. The US Labor Department reported the economy added 156,000 jobs in September, compared to the expected 175,000. The report also showed that the unemployment rate rose to 5.0 percent last month from 4.9 percent in August. Analysts had expected an unchanged reading for September.

EUR/USD rose 0.39 percent to 1.1193, while USD/JPY fell 0.86 percent to 103.04, down from the previous session’s one month peak of 104.16.

Elsewhere on Friday, the UK Office for National Statistics reported that manufacturing production increased by 0.2 percent in August, 3 percent less than had been forecast. The report went on to show that industrial production fell by 0.4 percent in August, where a 0.1 percent rise had been predicted. Fears of a ‘hard brexit’ had weighed heavily on Sterling all week, with French President Hollande saying the EU needed to remain firm with Britain during the Brexit negotiations.

GBP/USD fell 1.26 percent to trade at a 31 year low of 1.2457.

Friday saw oil futures fall for the first time in three sessions, while still managing to score a third consecutive weekly gain as market players awaited details of a planned output cut by OPEC. The oil cartel came to an agreement to limit production to 32.5/33 million barrels per day from its current output of 33.2 million barrels per day. Analysts remain skeptical of the deal and how it will be implemented. The 14 member group says it will not finalize details or complete the production agreement until its next official meeting in Vienna on November 30.

Brent oil for December delivery fell 58 cents/1.1 percent to settle at $51.93 a barrel by close of trade. For the week, London traded Brent futures rose $1.74/3.35 percent, the third weekly gain in a row.

Gold prices ended lower on Friday, as poor US employment data was viewed likely to change the Federal Reserve’s plan for raising interest rates this year. Gold for December delivery on the Comex division of the New York Mercantile Exchange fell $1.10/0.09 percent, to settle at $1,251.90 troy ounce by close of trade. While Silver futures for December delivery rose 3.5 percent/0.2 percent to settle at $17.38 a troy ounce.

EUR/USD: A binary Call option coincides with the trend, seen below.
eurusd Binary Options Insights for October 10th 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
usdjpy Binary Options Insights for October 10th 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
gbpusd Binary Options Insights for October 10th 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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