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BINARY OPTIONS INSIGHTS FOR OCTOBER 27TH 2016

EUR/USD 1.06062 00:30 21.02
NZD/USD 0.71666 00:30 21.02
AUD/CAD 1.00763 00:20 21.02
BitCoin/CNY 7290.305 00:00 21.02
AUD/NZD 1.07178 00:00 21.02
NZD/USD 0.71742 00:00 21.02
EUR/AUD 1.37969 00:00 21.02
CAD/JPY 86.436 00:00 21.02
NZD/JPY 81.265 00:00 21.02
AUD/USD 0.76895 00:00 21.02
AUD/JPY 87.098 00:00 21.02
GBP/JPY 141.280 00:00 21.02
EUR/JPY 120.171 00:00 21.02
USD/JPY 113.272 00:00 21.02
EUR/USD 1.06089 00:00 21.02
NZD/JPY 81.332 23:30 20.02
AUD/USD 0.76855 23:30 20.02
AUD/JPY 87.028 23:30 20.02
EUR/JPY 120.162 23:30 20.02
EUR/USD 1.06119 23:30 20.02
USD/JPY 113.238 23:30 20.02
BitCoin/CNY 7186.225 23:00 20.02
AUD/NZD 1.06976 23:00 20.02
NZD/USD 0.71849 23:00 20.02
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By: Adam Stone
October 27th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Oil prices recover as US government reports fall in domestic crude stocks.

Wednesday saw the Dollar trading lower after hitting near nine month highs in the previous session on the back of expectations for a US rate hike. The US dollar index, which measures the US currency’s strength against a trade-weight basket of six major currencies, was last at 98.48, after reaching highs of 99.09 overnight, its highest level since February 1. The index has rallied so far this month as hawkish comments from Federal Reserve officials added to expectations for a rate hike this year. Such expectations typically boost the dollar by making it more attractive to yield seeking investors. The Federal reserve’s next meeting is set for November, but a rate hike before the presidential election is not likely.

The Dollar edged up against the Yen on Wednesday October 26th, with USD/JPY trading at 104.33. The British Pound recovered to trade above the $1.22 level, with GBP/USD up 0.2 percent to trade at 1.2213. The Euro also strengthened, with EUR/USD rising 0.31 percent to 1.0923.

Oil prices recovered much of their early losses on Wednesday, with Brent back trading above the $50 a barrel mark, following a US government report showing a draw down in domestic crude stocks that continued the current trend of unexpected inventory dips this Autumn. The US Energy Information Administration said domestic crude stockpiles fell 553,000 barrels last week, analysts had expected a 1.7 million barrel build. With last week’s draw down, US crude stocks have fallen unexpectedly in seven of the last eight weeks. Crude stocks generally this time of year as refineries go into maintenance mode.

Brent crude futures were down 27 cents/0.5 percent, at $50.52 a barrel, while US crude futures were down 2 cents at $49.94.

Gold prices were trading at a three week high on Wednesday, as the Dollar pulled back from nine month peaks hit overnight, boosting the metal.
Gold for December delivery on the Comex division of the New York Mercantile Exchange reached a session high of $1,277.20 a troy ounce, the most since October 5, and was last trading at $1,272.15, down $1.45/0.11 percent. Silver futures for December delivery dropped 7.3 cents/0.41 percent, to trade at $17.70 a troy ounce.

USD/JPY: A binary Call option coincides with the trend, seen below.
usdjpy Binary Options Insights for October 27th 2016

GBP/USD: A binary Put option coincides with the trend, seen below.
gbpusd Binary Options Insights for October 27th 2016

EUR/USD: A binary Call option coincides with the trend, seen below.
eurusd Binary Options Insights for October 27th 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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