Crude, Gold Take a Hit this Tuesday Morning- 13/05/2014

Currencies

USD

The dollar was lower for much of yesterday’s trading session. The thing is that the U.S. currency is trading mixed this morning, as traders are trying to work out which assets that they should put their money into. The AUD/USD pair is lower as of now by 0.26 percent at the 93.38 U.S. cents level. However, the greenback has ended up losing ground to the Swiss franc. More mixed behavior is expected in the hours ahead.

EUR

We have seen a lot of action when speaking of the euro in recent trading sessions. It has managed to make inroads into the greenback this morning. The EUR/USD forex binary option is higher as of now by about 0.10 percent. The euro has also managed to make inroads into a number of its other peers. Traders just feel that they euro was oversold yesterday, which is why you may want to look into going long on the EUR once you get a free chance.

GBP

We are seeing a lot of weakness for the pound sterling in the latest round of trading. Investors are in the mood to go short on the British currency, as it is seen by many to be overvalued. However, it is important to take into account that some of the losses when speaking of the sterling are exaggerated. Therefore, you will want to follow all of the economic days as it is published from the news wires if you intend on making profit by investing in the pound sterling.

 

Stocks/Indices

U.S. stocks managed to cap some important gains during Monday’s trading session. The Dow Jones and the S&P 500 indices continue to go form strength to strength as there are additional signs that the American economy is improving. To top this off, if Modi wins the Indian elections, then this will be a boost to one of the fastest growing economy and an important U.S. trade partner.

The Dow Jones Industrial Average advanced 0.68 percent to 16,695.47. The S&P 500 Index jumped 0.97 percent t 1.896.65.

Bank of America Corp. jumped 2.24 percent to $15.07. Facebook Inc. rose 4.52 percent to $59.83.

 

Commodities

Crude Oil

We are seeing the crude oil binary option make losses of 0.14 percent in the most recent trading. This is after it was much higher overall in the past week or so. Investors just do not feel that the time is right for them to go long on the black gold. This comes after there was an important rally on Wall Street yesterday. It may be that traders prefer to risk their money in U.S. stocks, and prefer to stay on the sidelines when it comes to crude today.

Gold

One of the weakest commodities this morning is the gold binary option. The commodity is trading near its lowest level in a month, as the dollar is mixed. Gold investors are hoping for the dollar to weakness, as this would be a key factor in pushing gold prices higher. In the meantime, investors should look into going short on the gold binary option if they are serious about making a lot of profit from the markets this Thursday.

 

Wild Card

Dow Jones

One of the most in demand assets at the moment is the Dow Jones binary option. Traders just feel that it is worth it for them to go long o he leading American asset due to the strength of the American economy. Also, traders are willing to take big risks, which means there may be additional gains for the Dow today.