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BINARY OPTIONS INSIGHTS FOR OCTOBER 19TH 2016

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
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By: Adam Stone
October 19th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Oil prices slip and the Dollar remains steady ahead of Wednesday’s EIA data release.

Tuesday saw the Dollar remain steady against the other major currencies, following the release of data showing that the cost of living in the US rose by the fastest rate in five months in September. The US Commerce Department said the consumer price index rose 0.3 percent in September, as expected, following a 0.2 percent rise in August. Year on Year, consumer prices increased 1.5 percent last month, also in line with forecasts, having risen 1.1 percent in August. Core CPI, which excludes food and energy costs, increased by 0.1 percent last month, short of the expected 0.2 percent rise. The pickup in inflation shows the economy could theoretically sustain higher interest rates.

EUR/USD fell 0.17 percent to trade at 1.0979, USD/JPY held steady at 103.93, while GBP/USD rose 0.97 percent to trade at 1.2302.

Oil prices slipped lower on Tuesday October 18th, with the planned production cuts touted by OPEC largely priced into the market as traders await the upcoming US inventory data release.

OPEC reached an agreement to limit production during talks held on the sidelines of an energy conference in Algeria last month. However, the group says it will not finalize details or complete its production agreement until its next official meeting in Vienna on November 30, when an invitation to join cuts may be extended to non OPEC countries such as Russia. Market analysts remain skeptical of the deal, due to clarity issues regarding how the agreement will be implemented. OPEC’s monthly report last week, revealed that its oil production rose in September to the highest level in eight years, despite the agreement.

Official data from the Energy Information Administration (EIA) will be released on Wednesday, amid forecasts for an oil stock increase of 2.4 million barrels.

Crude oil for November delivery on the New York Mercantile Exchange was last trading at $49.97 a barrel. Brent oil for December delivery on the ICE Futures Exchange in London was last at $51.48 a barrel.

Gold for December delivery on the Comex division of the New York Mercantile Exchange added on $7.90/0.62 percent, to trade at $1,264.55 a troy ounce.
Silver futures for December delivery rose 23.3 cents/1.35 percent to trade at $17.71 a troy ounce.

EUR/USD: A binary Put option coincides with the trend, seen below.
eurusd Binary Options Insights for October 19th 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
usdjpy Binary Options Insights for October 19th 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
gbpusd Binary Options Insights for October 19th 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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