Dollar Mostly Higher After U.S. Stocks Crash 19.03.14
The U.S. dollar is trading higher versus the majority of its peers in the latest round of trading. Investors are simply of the view that it is worth it for them to go long on the greenback due to the risks in the markets at the moment. The GBP/USD forex pair is trading lower in the latest round of trading by 0.06 percent at the $1.6614 level. The AUD/USD forex binary option has tumbled 0.06 percent to 90.27 U.S. cents. Traders feel that the dollar will continue gaining ground later today.
The European single currency has managed to hold its ground this morning. It has managed to make inroads into the dollar and a number of its peers as data from Germany and other regions continue to impress. In addition, leaders of the Eurozone have done a lot to try and boost the region’s economies. Therefore, it is likely that the euro will continue making inroads into its peers as the trading day passes by.
We are seeing a lot of weakness for the pound in the latest round of trading. Investors simply feel that it is not worth it for them to go long on the pound sterling in the most recent trading, as there is a feeling that it is overvalued. This has led the sterling to tumble versus the greenback and the euro. It may be that the GBP/USD pair will continue sliding in the coming hours ahead, so get ready to go short.
We saw a lot of weakness for U.S. stocks during Thursday’s trading session. Investors just did not feel that it was worth it for them to take risks in the currency market.
The S&P 500 was one of the hardest hit stocks in the most recent trading. Investors simply felt that it was not the right time for them to go long on risky assets. This was largely due to the crisis in Ukraine and a number of economic posting much weak economic data.
The Dow Jones Industrial; Average and the S&P 500 ended up making some very heavy losses as traders were simply not in the mood to take big risks.
We also saw some big losses when it came to equities, so b very cautious while trading stocks today.
The crude oil binary option is trading near its lowest level in five weeks are there are worries over the state of the Chinese economy. The fact is that China owns much U.S. debt, an if China falls, then the consequences will be very severe. Therefore, investors really need to stay ahead of all the economic data as it is released from the news wires if you are interested in making profit from the crude oil binary option.
Gold futures are set for their longest weekly rally since 2001 amid the Crimea vote. The gold binary option is trading at about $1,371 at the moment. It is actually lower this morning as traders are waiting on the sidelines after the commodity made some very important gains in previous trading sessions. The gold binary option made a bullish comeback this afternoon.
One of the most volatile commodities at the moment is the crude oil binary option. Traders have sold the commodity in previous trading sessions as there are concerns over the state of the Chinese economy. There is likely to be a bullish comeback the commodity in the hours ahead.