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BINARY OPTIONS INSIGHTS FOR OCTOBER 18TH 2016

BitCoin/CNY 6273.870 21:00 24.01
WELLS FARGO 54.700 21:00 24.01
USD/CHF 1.00085 21:00 24.01
TOYOTA (US) 117.620 21:00 24.01
SONY 30.485 21:00 24.01
SILVER 17.118 21:00 24.01
GOLD 1209.957 21:00 24.01
COLGATE-PALMOLIVE 68.265 21:00 24.01
FIAT CHRYSLER 10.89 21:00 24.01
LOCKHEED MARTIN 252.895 21:00 24.01
FERRARI 62.695 21:00 24.01
TSX 60 924.440 21:00 24.01
AUD/NZD 1.04665 21:00 24.01
ALIBABA 101.450 21:00 24.01
BOEING 160.540 21:00 24.01
NZD/USD 0.72463 21:00 24.01
BANK OF AMERICA 22.945 21:00 24.01
PFIZER 31.155 21:00 24.01
CAD/JPY 86.432 21:00 24.01
NZD/JPY 82.435 21:00 24.01
AUD/USD 0.75845 21:00 24.01
AUD/JPY 86.280 21:00 24.01
GBP/JPY 142.263 21:00 24.01
GENERAL ELECTRIC 29.990 21:00 24.01
S&P 500 2280.120 21:00 24.01
JP MORGAN CHASE 84.715 21:00 24.01
GOLD/EUR 1127.335 21:00 24.01
USD/JPY 113.763 21:00 24.01
EUR/JPY 122.101 21:00 24.01
CITIGROUP VS JP MORGAN CHASE 0.67015 21:00 24.01
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By: Adam Stone
October 18th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Monday and the week ahead.

Monday saw the Dollar remain lower against the other major currencies, following the release of poor US economic reports which led to a dampening of optimism regarding the strength of the economy. The Federal Reserve of New York said its Empire State manufacturing index fell to – 6.80 in October from -1.99 in September, despite an expected ride of 1.00 this month. A separate report revealed US industrial production increased by 0.1 percent last month, below the expected gain of 0.2 percent.

On Friday, Bond yields rose after Fed chair Janet Yellen said the Federal Reserve may need to run a ” high pressure ” economy to heal the damage from the 2001-2009 recession. However, Fed Vice Chair Stanley Fischer said on Monday that the Fed is “very close” to its US Employment and inflation targets, and warned against making unnecessary changes to the policy framework in an effort to boost economic growth. When asked about the possibility of raising the Fed’s inflation goal from the current 2 percent to 3 percent, he said he was “not enthusiastic” about such changes.

EUR/USD rose 0.22 percent to 1.0996, USD/JPY eased 0.09 percent to trade at 104.07, while GBP/USD fell 0.2 percent to trade at 1.2160.

Oil prices traded lower on Monday, due in part to concerns over both the ability of OPEC to reach any meaningful agreement regarding curbing production and the possibility of US producers increasing output. A report released on Friday bu oil services provider Baker Hughes showed US drillers added four rigs in the week to October 14. It was the sixteenth week in a row that oil drillers had gone without making cuts, indicating more production is to come.

International benchmark Brent crude fell 43 cents/0.8 percent on Monday to close at $51.52 per barrel.

Gold prices were little changed on Monday, as a broadly stronger US Dollar continued to dampen demand for the metal. On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery were much the same, at $1,256.15. Silver futures for December delivery were up 0.09 percent at $17.457 a troy ounce.

EUR/USD: A binary Call option coincides with the trend, seen below.
eurusd Binary Options Insights for October 18th 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
usdjpy Binary Options Insights for October 18th 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
gbpusd Binary Options Insights for October 18th 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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