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NIKKEI 225 VS TOSHIBA 45.406 01:30 24.10
MAZDA VS TOSHIBA 4.367 01:30 24.10
NZD/USD 0.71554 01:30 24.10
NZD/JPY 74.372 01:30 24.10
AUD/USD 0.76035 01:30 24.10
AUD/JPY 79.027 01:30 24.10
AUD/CAD 1.01555 01:30 24.10
EUR/JPY 112.936 01:30 24.10
EUR/USD 1.08661 01:30 24.10
TOPIX 100 867.830 01:30 24.10
NIKKEI 225 17192.310 01:30 24.10
ASX F-DEC16 5371.500 01:30 24.10
NISSAN MOTOR 1016.2500 01:30 24.10
USD/JPY 103.937 01:30 24.10
ASX 5394.200 01:30 24.10
AUD/USD 0.76083 01:15 24.10
AUD/JPY 79.071 01:15 24.10
EUR/JPY 112.953 01:15 24.10
USD/JPY 103.930 01:15 24.10
EUR/USD 1.08682 01:15 24.10
NZD/USD 0.71607 01:00 24.10
CAD/JPY 77.836 01:00 24.10
AUD/USD 0.76105 01:00 24.10
AUD/JPY 79.076 01:00 24.10
USD/JPY 103.905 01:00 24.10
EUR/JPY 112.996 01:00 24.10
EUR/USD 1.08751 01:00 24.10
RIO-AU VS BHP-AU 2.23544 01:00 24.10
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By: Adam Stone
October 11th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Russia welcome’s OPEC invitation to proposed output cap.

Monday October 10th saw the Dollar hold onto gains against the other major currencies, staying close to a two month peak as hopes for a rate hike by the US Federal Reserve this year continued to provide support. Trade volumes were low, as expected, due to most banks and federal institutes being closed for the Columbus day holiday.

EUR/USD fell 0.37 percent to 1.1159, GBP/USD dropped 0.53 percent to trade at 1.2370, while USD/JPY gained 0.62 percent to 103.55.

On Monday, OPEC’s top oil producer Saudi Arabia said a global production deal to limit supplies could be reached by the next formal meeting in November, when an invitation to join cuts may be extended to non OPEC nations such as Russia. “OPEC needs to make sure we don’t crimp too tightly and create a shock to the market. We are going to be very responsible”, Saudi Arabia’s Energy Minister Khalid al-Falih told the World Energy Congress in Istanbul.

Non OPEC oil producer Russia’s President Vladimir Putin welcomed the global cut invitation, saying Moscow was ready to join the proposed cap on oil output by OPEC members. “Russia is ready to join the joint measures to cap production and is calling for other oil exporters to join “.

Brent crude was up $1.60/3.03 percent at $53.53, US crude was up 3.33 percent at $51.47.

Gold prices rose sharply on Monday, Gold for December delivery on the Comex division of the New York Mercantile Exchange jumped by up to 1.2 percent to a session peak of $1,266.75 a troy ounce. It was last at $1,262.05, up $10.05/0.8 percent.

EUR/USD: A binary Call option coincides with the trend, seen below.
eurusd Binary Options Insights for October 11th 2016

GBP/USD: A binary Put option coincides with the trend, seen below.
gbpusd Binary Options Insights for October 11th 2016

USD/JPY: A binary Call option coincides with the trend, seen below.
usdjpy Binary Options Insights for October 11th 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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