Dollar Surges vs. Euro for Fourth Straight Day
The dollar is by far the strongest currency this morning. Traders are of the view that it is worth it for them to go long on the greenback. This has allowed it to advance against the euro for the third straight trading day. This shows just how much bullishness there is in the greenback as of now. The EUR/USD pair is lower this Thursday morning by 0.42 percent at $1.3607.
We did see a lot of strength for the British pound in previous trading sessions. It managed to make some impressive inroads into a number of its peers. However, the sterling is trading lower this morning versus the majority of its peers, as traders are of the view that the British currency was previously overvalued. Therefore, they have decided to unwind their long positions. Among the biggest losses this morning have been capped versus the dollar and the euro. Look to open Put options in the GBP/USD currency pair in the coming hours.
It is true that the greenback is by far the strongest currency, but it has made some declines versus several peers. Among them is the Aussie. It should be taken into account that the Aussie has been oversold in previous trading session. However, it has managed to make a comeback in the latest round of trading. More gains are likely for the AUD/USD pair.
We saw some very big losses for U.S. stocks and indices during yesterday’s trading session. Investors just did not feel that it was the right time for them to take such big risks in the markets. Therefore, you will want to be extra cautious while trading the markets each day. The fact is that there is just not enough risk appetite, leading traders to put their money into alternative assets.
The Dow Jones Industrial Average slumped 1.19 percent to 15,738.79. The S&P 500 fell 1.02 percent to 1,774.20.
The declines in equities were not expected, and traders will want to be cautious today while trading the markets.
It is great to see that the crude oil binary option is trading higher this morning by 55 cents at the $97.91level. Traders just feel that it is worth it for them to go long on the black gold today due to the very high returns which it is offering commodities traders. This has allowed the commodity to cut the biggest monthly slide since December 2010. Take into account that the commodity slipped 5 cent yesterday. The good news is that it is in high demand after investors decided to ditch U.S. equities during yesterday’s trading session.
There was a lot of strength when it came to the gold binary option in early morning trading. However, investors have since decided to go shot on the commodity as it is simply not offering tem high enough returns. This means that you will want to be extra cautious with gold if you intend trading ti today. It has slumped $7, and further losses may lie ahead when speaking of gold futures.
The Dow Jones has taken a big hit lately, as investors were on tin the mood to go long on leading American indices. It seems that he Fed will be doing more tapering, which may actually boost the American economy in the nog term. However, investors feel that the time for them to go short n the indexes is now. If you want to take advantage of the current trend, then look to sell the Dow this afternoon.