S&P 500 Approaches Record High
The greenback is largely higher this morning. This comes after weeks which have showed much bullishness when speaking of the American currency. The EUR/USD pair is lower as of now by 0.20 percent at the $1.3294 level. The AUD/USD forex pair is trading lower as of now by 0.12 percent at 92.90 U.S. cents level. The good news for the U.S. currency has risen to its highest level in nine months versus the euro on the forecast on the likelihood that the Fed will raise interest rates sooner rather than later. It is expected that the greenback will make further gains versus its peers, as more money flows out of Europe.
There is a lot of weakness for the euro in the latest round of trading. The aggressive monetary policy of stimulus has driving much capital abroad, as returns on the Eurozone are not bringing enough returns. Also, Germany’s economy contracted in the previous quarter, showing just what trouble to the Eurozone is at the moment. Traders should look to ditch the EUR/USD forex binary option in the hours ahead in order to make maximum returns from the financial markets.
It is unfortunate to say that the Aussie is very weak at the moment. Traders just do not feel that it is worth it for them to put their money into the Aussie in the most recent trading. Among the biggest losses have been capped against the greenback. Despite the latest losses, it is expected that the Aussie will rise in the near future amid the Aussie staying above the 200-day moving average. It is expected that the AUD/USD will surge by nearly 2.5 percent in the coming trading days.
There were big gains for the leading stocks and indices on Wall Street yesterday. This has come as there has been much positive economic data published from the American economy.
The Dow Jones Industrial Average made gains of 0.48 percent to the 16,919.59 level. The S&P 500 surged 0.50 percent to 1,981.60.
Apple Inc. added 1.38 percent to $100.53. Nokia Corp. jumped 2.56 percent to $8.02.
The very positive news is that a number of U.S. equities have been able to close at their highest level ever, and traders are hoping for ore bullishness in the coming hours of trading today.
Also take into account that the S&P 500 is approaching its highest close, and may even surpass it soon.
Crude oil futures are higher this morning by 11 cents at the $92.97 level. Traders are of the view that it is worth it for them to go long on the commodity this morning. The black gold has jumped as there is renewed fighting between Israel and Gaza. In addition, with stocks in the U.S. advancing notably on Thursday, this has really ended up lending crude a helping hand.
The god binary option is going lower this morning by $1.50, as traders are not in the mood to go long on the precious metal. This comes as the greenback has gone very bullish this morning. The commodity has been going lower since the start of this morning’s trading session. With the U.S. recovery gathering momentum, this has turned out to hurt the metal
There has been a lot of strength for the Dow Jones binary option in the most recent trading. Investors should look into going long on the index during the U.S. session. This will help you make very high returns during Thursday’s trading session.