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AUD/NZD 1.06924 21:00 26.10
NZD/USD 0.71534 21:00 26.10
CAD/JPY 78.088 21:00 26.10
NZD/JPY 74.745 21:00 26.10
AUD/USD 0.76507 21:00 26.10
AUD/JPY 79.936 21:00 26.10
GBP/JPY 127.953 21:00 26.10
USD/JPY 104.480 21:00 26.10
EUR/JPY 113.970 21:00 26.10
EUR/USD 1.09085 21:00 26.10
USD/CHF 0.99345 21:00 26.10
USD/CAD 1.33799 21:00 26.10
AUD/CAD 1.02365 21:00 26.10
DOLLAR INDEX-SEP16 98.590 21:00 26.10
EUR/CAD 1.45955 21:00 26.10
EUR/GBP 0.89073 21:00 26.10
AUD/USD 0.76463 20:30 26.10
AUD/JPY 79.909 20:30 26.10
USD/CAD 1.33796 20:30 26.10
AUD/CAD 1.02301 20:30 26.10
DOLLAR INDEX-SEP16 98.615 20:30 26.10
EUR/JPY 113.971 20:30 26.10
EUR/CAD 1.45911 20:30 26.10
USD/JPY 104.507 20:30 26.10
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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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