Dollar Jumps vs. Yen
The dollar has been making impressive gains versus the yen lately. These advances have been extended this morning due to the great amount of confidence of forex traders. This is before the head of the Fed speaks with regards to U.S. monetary stimulus. The USD/JPY forex binary option is trading higher this morning by 0.22 percent at 103.07 yen. The dollar has also made inroads into the CAD and its other main peers.
There is a lot of weakness for the euro during this morning’s trading session. Traders just do not feel that it is worth it for them to go long on the European single currency this morning. The EUR/USD pair is lower as of now by 0.04 percent at the $1.3701 price level. The euro has also lost a lot of value against the British pound. This has comes as there is mixed behavior among Asian shares this.
Traders are not in favor of going long on the Aussie in the past few days of trading, as there are many risks associated with the AUD. Traders have a lack of risk appetite when it comes to the forex market this morning. The AUD/USD currency pair is trading higher lower this morning by 0.18 percent at the 90.88 U.S. cents price level.
The good news is that there was a bullish comeback when it came to U.S. stocks during Friday’s trading session. This came after much weakness in previous trading days.
The Dow Jones Industrial Average made gains of 1.26 percent to the 16,020.20 level. The S&P 500 level climbed 1.12 percent to 1,805.09.
Intel climbed 2.31 percent to $28.42. Facebook dipped 0.83 percent to $47.94. Cisco made gains of 1.77 percent to $21.28.
There has been a lot of strength when it came to U.S. equities on Friday. Traders may want to go long once the U.S. market opens in the coming hours.
The crude oil binary option is trading higher this morning by 14 cents at the $97.79. The commodity is trading near its highest price level in six weeks. This is largely due to crude oil imports climbing in the month of November and U.S. jobless rate declined. The black gold advanced 27 cents during Friday’s trading session. Crude oil is able to rise this morning in spite of the bullish dollar. It seems traders are of the view that crude is a safe bet this Monday. Therefore, you may want to open Call options today.
The gold binary option is about level this morning at $1,229.00. This is after the yellow metal recently fell to a five-month low. This weakness came on the forecast if a reduction in monetary stimulus. Moreover, the fall in the U.S. jobless rate hurt the metal. It seems that the much stronger has really put downward pressure on the metal in the latest round of trading. Gold future may end up being much stronger in the hours ahead once the dollar weakens to a great extent.
The Dow Jones went lower for most of last week’s trading session on the prediction that there will be a reduction in U.S. economic stimulus. The positive news is that the Dow Jones binary option was able to make a comeback during Friday’s trading session. This shows just how quickly the situation can change in the financial markets. There has been mixed behavior when speaking of Asian stocks this Monday morning. Traders will want to open Call options in the Dow Jones today.