We are seeing a lot of weakness when it comes to the greenback this morning. This is in contrast the strength which we saw at the end of last week’s trading session. The EUR/USD forex binary option is higher at the moment by 0.06 percent at the $1.3651 level. The dollar also lost ground versus a number of its other main currency counterparts. There seems to be a lot of risk appetite in the forex market following the rally which we saw in U.S. and Asian stocks. Therefore, expect additional weakness for the greenback in the hours ahead.
The euro is showing a lot of strength in the latest round of trading. It is good to see that traders have a lot of confidence when it comes to investing in the fx market today. This is following the lack of risk appetite there was during Friday’s trading session. This shows just how quickly the situation can change. Traders should follow all of the economic data today if they need to go long on the EUR/USD forex pair in the coming hours of trading.
The pound has gone from strength to strength during Monday morning’s trading session. Investors really feel that it is worth it for them to take risks when it comes to the British currency at the moment. Among its most impressive gains have been capped versus the greenback. With the British economy exceeding even the IMF’s expectations, traders have decided that it is really the time for them to make risks when speaking on the cable. Expect the GBP/USD pair to go even higher as the trading day drags on.
Asian stocks ended up making some vey important gains in this morning’s trading session. This is following the rally which we saw in U.S. equities last week. Traders have just got a lot more confidence when it comes to investing in the markets these days. Therefore, you will need to really understand this if you are up for making the maximum returns from the financial markets each trading day.
The gains in Asia are likely to have a knock one effect when it comes to U.S. stocks later. Therefore get read to open Calls on all fronts.
The crude oil binary option is trading much higher this morning by about 50 U.S. cents. With traders being so confident, they have decided to take risks when it comes to the commodity. In addition, the dollar has gone much lower, which has also helped boost the black gold this morning. Look for crude oil future to continue going higher this afternoon.
The gold binary option is higher today by $2.40 this morning. This is largely owed to the much weaker dollar. Also, the gold binary option did not gain as much as was expected on Friday. This was because of the traders deciding to put their money in alternative assets. Expect the gold binary option to build on its current gains today.
For those of you who have been following the financial markets very closely will have noticed the gas which the S&P 500 was able to make. Traders were in the mood of going long on the leading U.S. indexes due to the much stronger U.S. data last week. Investors also feel that now is the time for them to take big risks when speaking of the financial markets. Moe gains are on the cards later today.