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By: Adam Stone
October 31st, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Friday and the week ahead.

Friday saw the Dollar fall against the Euro and the Yen in late trade amid renewed political uncertainty following an announcement by the FBI stating they would review further emails relating to Hillary Clinton’s private email use. The announcement sparked fresh uncertainty over Clinton’s election prospects ahead of the November 8 US presidential election and what a Trump victory could mean for the US.

EUR/USD rose 0.82 percent to trade at 1.0985, while USD /JPY fell 0.52 percent to 104.72 from a three month high of 105.52. GBP/USD was up 0.12 percent to 1.2177.

Oil futures fell to the lowest level in almost a month on Friday October 28th, booking their largest weekly loss since mid September amid mounting skepticism over the implementation of a planned production limitation deal by OPEC. On the ICE Futures Exchange in London, Brent oil for December delivery fell to a session low of $49.31 a barrel, the lowest level since September 30. It was last trading at $49.71 by the close on Friday, down 76 cents/1.51 percent. For the week, it logged a decline of $2.24/4.3 percent amid fading hopes of a coordinated production cut among major oil producers.

Gold prices rose to an almost four week high on Friday, amid heightened safe haven demand following the FBI’s announcement. Gold for December delivery on the Comex division of the New York Mercantile Exchange was up $6.00/0.47 percent, to settle at $1,275.50 a troy ounce. The Dollar fell following the announcement, despite the release of better than expected data concerning US third quarter growth earlier on Friday, which had supported the case for a Federal Reserve rate hike in December. Also on the Comex, Silver futures for December delivery were at $17.76 a troy in late trade.

EUR/USD: A binary Call option coincides with the trend, seen below.
eurusd Binary Options Insights for October 31st 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
usdjpy Binary Options Insights for October 31st 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
gbpusd Binary Options Insights for October 31st 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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