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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
November 3rd, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The Federal Reserve keeps interest rates unchanged following two day meeting.

The Federal Reserve decided to keep interest rates static on Wednesday in its final policy decision ahead of the US election, but signaled it may raise them in December as inflation picks up and the economy gathers momentum. In a statement following their two day meeting, the fed had this to say; “The committee judges that the case for an increase in the federal funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of continued progress toward its objectives”. In addition, the US central bank said the economy had gained steam and job gains remained solid.

EUR/USD rose 0.50 percent to trade at 1.1112, while GBP/USD rose 0.53 percent to 1.2308. USD/JPY fell 0.79 percent to trade at 103.32.

Gold prices added to overnight gains on Wednesday November 2nd, rising above the key $1,300 level, as the possibility of a Donald Trump victory in next week’s US presidential election boosted demand for safe haven assets. Gold for December delivery on the Comex division of the New York Mercantile Exchange reached an intra day peak of $1,300.75 a troy ounce, a level unseen since October 4. It was last trading at $1,299.95, up $11.50/0.89 percent.

Oil prices fell on Wednesday, following the release of data showing that crude supplies in the US rose by the highest level since 1984, last week. The US Energy Information Administration said in its weekly report that crude oil inventories rose by 14.4 million barrels in the week ended October 28. Market analyst’s expected a crude stock gain of 1.0 million barrels, while the American Petroleum Institute reported late on Tuesday of a supply increase of 9.3 million barrels. Total US crude oil inventories stood at 482.6 million barrels as of last week, which the EIA consider to be ” historically high levels for this time of year”.

Crude oil for December delivery on the New York Mercantile Exchange was down $1.34/2.94 percent to $45.27 a barrel. Prior to the data release, prices were around $45.85. Elsewhere ,Brent oil for January delivery on the ICE Futures Exchange in London fell $1.51/3.05 percent to trade at $46.62 a barrel.

EUR/USD: A binary Put option coincides with the trend, seen below.
eurusd Binary Options Insights for November 3rd 2016

GBP/USD: A binary Call option coincides with the trend , seen below .
gbpusd Binary Options Insights for November 3rd 2016

USD/JPY: A binary Call option coincides with the trend, seen below.
usdjpy Binary Options Insights for November 3rd 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.
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