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BINARY OPTIONS INSIGHTS FOR NOVEMBER 14TH 2016

BITCOIN 781.950 11:20 03.12
BitCoin/CNY 5382.550 11:20 03.12
BITCOIN 782.045 11:00 03.12
BitCoin/CNY 5383.210 11:00 03.12
BITCOIN 782.136 10:40 03.12
BitCoin/CNY 5383.835 10:40 03.12
BITCOIN 782.186 10:20 03.12
BitCoin/CNY 5384.175 10:20 03.12
BITCOIN 782.498 10:00 03.12
BitCoin/CNY 5386.325 10:00 03.12
BITCOIN 780.288 09:40 03.12
BitCoin/CNY 5371.115 09:40 03.12
BITCOIN 781.315 09:20 03.12
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By: Adam Stone
November 14th, 2016 07:45am GMT, London UK

Friday and the week ahead.

Friday saw the Dollar reach its highest level in nine months against the other major currencies, boosted by the expectation that Donald Trump’s administration will spur growth and inflation. The US dollar index was at 99.05 late on Friday November 11th, its highest close since February 2. Expectations for higher US interest rates also remained intact amid optimism that this boost in growth would allow the Federal Reserve to tighten borrowing costs. Higher interest rates typically lift the dollar by making it more attractive to yield seeking investors. In the week ahead, investors will focus on the congressional testimony by Fed Chair Janet Yellen this Thursday for new signs on possible interest rate hikes next month.

The Euro hit its lowest level against the Dollar since March, with EUR/USD at 1.0854 by the close Friday. GBP/USD rose 0.35 percent to 1.2592 by the close and was up 0.85 percent for the week. EUR/GBP was down 0.6 percent at 0.8627, ending the week 2.89 percent lower.

Gold prices dropped to a five month low on Friday as risk appetite recovered after the Trump victory, draining investor demand for safe haven assets. Gold for December delivery on the Comex division of the New York Mercantile Exchange settled down 3.10 percent at $1,227.15 a troy ounce, the lowest since March 5.

Friday also saw Oil futures fall to multi week lows after OPEC reported that its crude production rose to its highest level on record, pointing to an even higher surplus next year.
In its monthly market report published Friday, OPEC said that output from its own 14 members increased by 240,000 barrels per day to 33.64 million in October, Nigeria, Libya and Iraq bore the blame for the increase. The report came one day after the International Energy Agency warned that the markets risk running another surplus next year.

The IEA said global supply rose by 800,000 barrels per day in October to 97.8 million, led by record OPEC output and rising production from non OPEC producers such as Russia, Brazil, Kazakhstan and Canada. The reports bring the implementation of the planned deal by OPEC to limit production into further doubt.

On the ICE Futures Exchange in London, Brent oil for January delivery fell to a session low of $44.19 a barrel, and was at $44.75 by close of trade Friday, settling down $1.09/2.38 percent. For the week, it logged a decline of 83 cents/1.8 percent, after posting losses for each of the last three weeks. Elsewhere, on the New York Mercantile Exchange, crude oil for December delivery fell $1.25/2.8 percent to end the week at $43.41 a barrel.

EUR/USD: A binary Put option coincides with the trend, seen below.
eurusd Binary Options Insights for November 14th 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
gbpusd Binary Options Insights for November 14th 2016

EUR/GBP: A binary Put option coincides with the trend, seen below.
eurgbp Binary Options Insights for November 14th 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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