Dollar Heads Lower Following Wall Street Rally- 05/06/2014



The U.S. dollar has been hit very hard in the latest round of trading. Investors have decided that it is better for them to go short on the U.S. currency. The EUR/USD forex binary option is trading higher at the moment by 0.05 percent at the $1.3606 level. The AUD/USD forex pair has jumped 0.04 percent to 92.81 U.S. cents. It seems that the surge on Wall Street yesterday has really turned out to lend the American currency a helping hand. There will be a lot of economic data released from the news wires in the hours ahead. Therefore, look to go short on the greenback once you get a free chance today.


One of the most bullish currencies at the moment is the pound sterling. Traders have decided to go bullish on the British currency this morning, as it seems to be offering them some very high returns. It has ended up making some impressive inroads into the greenback. The sterling has also been able to go higher against a number of its other peers. Traders just feel that it is the right time for them to take some risks this morning. More gains are set for the GBP/USD currency pair in the hours ahead.


We are seeing the Aussie make some important inroads into its main currency counterparts this morning. The fact is that the Aussie is undervalued to a certain extent. This is why you need to look into what factors are backing the Australian currency. What can be said is that traders need to understand that the nation’s economy is fairly strong and also there is a lot of demand for Australian assets from Chinese investors.



It was great to see that there was a lot of strength for stocks during yesterday’s trading session. Investors were in favor of taking some big risks due to the ability of making some very high returns. You really will need to look into all the news releases today while investing on leading assets on Wall Street.

The Dow Jones surged on Wednesday by 0.09 percent to 16,737.53. The S&P 500 jumped 0.19 percent to 1,927.88.

Facebook Inc. made gains of 0.75 percent to $63.34.  Microsoft Corp. advanced 0.07 percent to $40.32.



Crude Oil

The crude oil binary option is trading lower this morning by 41 cents at the $102.24 level. It seems that the commodity is somewhat overvalued, so it is not a surprise that we are seeing weakness today. Also, traders prefer to put their money into equities over commodities. Therefore, you may want to look into opening daily Put options in the crude oil binary option as the trading day passes by.


Gold is another commodity which has gone lower today. Traders are of the view that they should take their money out of metals and put it into alternative assets. This is because they are seen by many as overvalued. Also, there is a lack of demand for haven assets at the moment. Therefore, you may and to look into going short on gold during today’s trading session.


Wild Card

Dow Jones

The Dow Jones has returned to the forefront as a leading index to trade. It managed to go higher yesterday, but by not so much. The reality is that there has been a lot of confidence in the financial markets in the past few trading days. This is why you will want to look into which assets to put your money into if you want to make high returns.