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BINARY OPTIONS INSIGHTS FOR OCTOBER 21ST 2016

GBP/USD 1.24430 17:20 22.02
EUR/USD 1.05615 17:20 22.02
OIL-APR17 (BRENT) 55.815 17:15 22.02
ALIBABA 104.870 17:15 22.02
AUD/USD 0.76832 17:15 22.02
AUD/JPY 87.185 17:15 22.02
SILVER 17.963 17:15 22.02
GOLD/EUR 1167.045 17:15 22.02
OIL-MAR17(WTI CRUDE) 53.980 17:15 22.02
GOLD 1232.476 17:15 22.02
EUR/JPY 119.846 17:15 22.02
USD/JPY 113.478 17:15 22.02
GBP/USD 1.24423 17:10 22.02
EUR/USD 1.05583 17:10 22.02
BitCoin/CNY 7487.500 17:00 22.02
USD/MXN 19.919 17:00 22.02
WELLS FARGO 58.325 17:00 22.02
USD/CHF 1.01100 17:00 22.02
OIL-APR17 (BRENT) 55.725 17:00 22.02
TOYOTA (US) 114.275 17:00 22.02
SONY 31.285 17:00 22.02
COLGATE-PALMOLIVE 73.035 17:00 22.02
FIAT CHRYSLER 11.35 17:00 22.02
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By: Adam Stone
October 21st, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The Dollar rises following comments from European Central Bank President.

Thursday saw the Dollar bounce back to a seven month high against the other major currencies, as markets digested comments made by European Central Bank President Mario Draghi. EUR/USD was down 0.47 percent at a four month low of 1.0922 after the ECB left interest rates unchanged at record lows of zero and held its quantitative easing program unchanged at €80 billion per month. ECB President Draghi said the central bank would wait for upcoming economic forecasts in December before making further decisions and that it had not discussed altering its asset purchasing program. USD/JPY rose 0.46 percent to 103.93, while GBP/USD fell 0.46 percent to 1.2233.

Oil prices fell on Thursday October 20th as traders took profits following a rally in the previous session fueled by an unexpectedly large US oil inventory decline last week and hopes for an output cut by major producers led by OPEC. Oil prices had rallied on Wednesday October 19th, with US crude settling at a 15 month high after the US Energy Information Administration said oil inventories fell by 5.2 million barrels in the week ended October 14. US crude was trading at $50.54 a barrel, down $1.28/2.49 percent on Thursday, while global benchmark Brent futures were at $51.33 a barrel, falling $1.33/2.51 percent.

Gold prices were trading near two week highs on Thursday following the statements from the European Central Bank. Gold for December delivery on the Comex division of the New York Mercantile Exchange were trading at $1,271.75 a troy ounce.

EUR/USD: A binary Put option coincides with the trend, seen below.
eurusd Binary Options Insights for October 21st 2016

USD/JPY: A binary Call option coincides with the trend, seen below.
usdjpy Binary Options Insights for October 21st 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
gbpusd Binary Options Insights for October 21st 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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