Asian Stocks Extend Weekly Rally- 04/07/2014



There has been a lot of strength when speaking of the U.S. dollar in recent trading sessions. Traders are of the view that it is worth it for them to go take risks the greenback due to the high returns which are in it for them. The EUR/USD forex pair is trading lower this morning by 0.07 percent at the $1.3601 level. The thing is that he greenback is heading for weekly gains on improving U.S. jobs data. In fact, the American economy and U.S. assets have performed very well in the past week or so. This has increased the bets that the Fed will bring forward the timing of an interest rate spike.


It was the case that the Aussie ended up making very big losses versus the greenback and a basket of other currencies on Thursday. The thing is that traders are of the view that now is the time for them to go long on the Aussie this morning. The good news is that the AUD has made a bullish comeback in the latest round of adding. Open daily Call options in the AUD/USD forex pair today.


The European single currency seems to be under a lot of downward pressure in the latest round of trading. Investors are of the view that it is better for them to go short on the euro this morning after there was the release of weak German factory orders data from the  German economy. This s very serious as Germany has the largest economy in Europe. Investors fear this could drive the EUR even lower in the hours ahead.



It is great to see that Asian stocks have been able to build on their gains this morning. Asian equities capped their biggest weekly rally in three months. This is as U.S. unemployment data slipped to its lowest level since before the peak of the financial crisis.

The MSCI Asia Pacific Index jumped 0.04 percent on Friday. Japan’s Topix Index added 0.5 percent. Singapore’s Straits Times Index jumped 0.2 percent. There were also impressive gains for a number of other equities this morning.

With U.S. markets closed due to Independence Day, all eyes will be on Monday’s trading session.




Crude Oil

Crude oil futures are a touch lower in the latest round of trading. It may be with U.S. markets closed today, investors have decided to stay on the sidelines when it has come to leading commodities. In fact, the commodity is headed for the second weekly drop versus its peers. This comes on the news that Libya will be increasing oil production. However, with ISIS gaining further ground, this could boost the commodity next week. Investors may want to continue staying on the indices when speaking of crude oil this afternoon in order to minimize the risks in the financial markets.


With the U.S. dollar making very big gains during yesterday’s trading session, this ended up putting a lot of downward pressure on the gold binary option. Investors are of the view that it is better for them to actually go long on the commodity this morning, as the only way for the metal to go today is higher. Therefore, begin opening daily Call options in the gold binary option.


Wild Card


One of the biggest underperformers yesterday was the Aussie. Traders felt that it was better for them to ditch the currency, but the thing is that the Aussie as made very important gains this Friday morning. Additional gains will be on the cards later on.