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BINARY OPTIONS INSIGHTS FOR NOVEMBER 2ND 2016

NZD/JPY 81.771 21:30 08.12
AUD/USD 0.74627 21:30 08.12
AUD/JPY 85.084 21:30 08.12
EUR/JPY 121.015 21:30 08.12
EUR/USD 1.06141 21:30 08.12
USD/JPY 114.011 21:30 08.12
WELLS FARGO 57.285 21:00 08.12
USD/CHF 1.01627 21:00 08.12
TOYOTA (US) 122.740 21:00 08.12
SONY 29.155 21:00 08.12
SILVER 17.011 21:00 08.12
GOLD 1170.838 21:00 08.12
COLGATE-PALMOLIVE 65.695 21:00 08.12
FIAT CHRYSLER 8.46 21:00 08.12
LOCKHEED MARTIN 259.130 21:00 08.12
FERRARI 56.755 21:00 08.12
TSX 60 901.360 21:00 08.12
AUD/NZD 1.03990 21:00 08.12
ALIBABA 92.305 21:00 08.12
BOEING 155.385 21:00 08.12
APPLE 112.105 21:00 08.12
NZD/USD 0.71723 21:00 08.12
BANK OF AMERICA 22.945 21:00 08.12
PFIZER 30.935 21:00 08.12
WEIBO 48.730 21:00 08.12
CAD/JPY 86.410 21:00 08.12
NZD/JPY 81.754 21:00 08.12
AUD/USD 0.74593 21:00 08.12
AUD/JPY 85.025 21:00 08.12
GBP/JPY 143.465 21:00 08.12
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By: Adam Stone
November 2nd, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Oil prices recover while the Dollar falls ahead of Fed policy decision.

Tuesday saw the Dollar hit fresh lows against the other major currencies, despite the release of positive US manufacturing activity data, as investors remain cautious ahead of the Federal reserve’s monthly policy decision, due on Wednesday. The Institute for Supply Management said its manufacturing purchasing managers index rose up to 51.9 last month from a reading of 51.5 in September. Analysts had expected the index to rise to 51.7 in October.

Elsewhere, the Bank of Japan refrained from unveiling fresh stimulus measures at the conclusion of its policy meeting, despite a warning on the inflation outlook.

EUR/USD gained 0.57 percent to trade at 1.1043, the highest since October 14. GBP/USD held steady at 1.2242, while USD/JPY fell 0.29 percent to 104.54

Oil prices pushed higher on Tuesday November 1st, bouncing back after falling 4 percent to one month lows in the prior session. Crude oil for December delivery rose 35 cents/0.75 percent to trade at $47.21 a barrel. Brent oil for January delivery added 48 cents/0.99 percent to trade at $49.09 a barrel, after losing $2.07/4.08 percent on Monday October 31st.

Gold prices rallied to a one month high on Tuesday. Gold for December delivery rose to a session high of $1,289.20 a troy ounce, the most since October 4. It was last trading at $1,288.00, up $15.05 / 1.2 percent.

Silver futures for December delivery rose 45.2 cents/2.54 percent, to a one month high of 418.24 a troy ounce.

EUR/USD: A binary Call option coincides with the trend, seen below.
eurusd Binary Options Insights for November 2nd 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
gbpusd Binary Options Insights for November 2nd 2016

USD/JPY: A binary Put option coincides with the trend, seen below.
usdjpy Binary Options Insights for November 2nd 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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