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BINARY OPTIONS INSIGHTS FOR OCTOBER 10TH 2016

BitCoin/CNY 6291.000 11:00 24.01
USD/MXN 21.421 11:00 24.01
FTSE F-MAR17 7107.750 11:00 24.01
USD/RUB 59.259 11:00 24.01
USD/NOK 8.35711 11:00 24.01
USD/CHF 1.00118 11:00 24.01
OIL-MAR17 (BRENT) 55.480 11:00 24.01
EUR/ILS 4.06935 11:00 24.01
USD/ILS 3.79245 11:00 24.01
SBERBANK 168.585 11:00 24.01
GAZPROM 149.220 11:00 24.01
NZD/CHF 0.72229 11:00 24.01
CAD/CHF 0.75325 11:00 24.01
NZD/USD 0.72145 11:00 24.01
SUGAR (11)-MAR17 20.9750 11:00 24.01
CAD/JPY 85.347 11:00 24.01
AUD/USD 0.75568 11:00 24.01
AUD/JPY 85.721 11:00 24.01
GBP/USD 1.24566 11:00 24.01
EUR/USD 1.07297 11:00 24.01
VTB BANK 0.068940 11:00 24.01
ROSNEFT' 387.325 11:00 24.01
METRO AG 31.955 11:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 11:00 24.01
SILVER 17.108 11:00 24.01
GOLD/EUR 1129.755 11:00 24.01
USD/JPY 113.440 11:00 24.01
EUR/JPY 121.719 11:00 24.01
GOLD VS OIL 21.8500 11:00 24.01
BMW VS DAIMLER 1.22767 11:00 24.01
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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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