The dollar is one of the weakest currencies this morning. Traders are of the view that it is now time for them to go short on the greenback as there is a lot of confidence in the currency markets. The GBP/USD pair is trading higher by 0.28 percent at the $1.6844 level. The dollar has also lost a lot of ground versus the Aussie and loonie in the latest round of trading. There is set to be a lot of economic data today, which will be crucial in driving the greenback. Therefore, you will need to stay very focused.
We are seeing a lot of gains when it comes to the European single currency this morning. The EUR/USD forex pair is higher today by 0.25 percent at the $1.3869 level. The euro has also made inroads into a number of its other peers today. This is despite there being big losses for U.S. equities during yesterday’s trading session. It may be that the euro will continue going higher in the latter part of the trading today.
We are seeing the yen uphold its gains in the latest round of trading. There are a number of factors which have helped then yen in the most recent trading. It seems that the Ukraine crisis has turned out to support the yen’s haven demand. In addition, the weakness in Japanese equities turned out to lend the JY a helping la in the most recent trading. However, the yen may turn out to tumble as the trading day passes by.
We have seen a lot of weakness when it comes to U.S. stocks as of late. The reality is that they have not shown enough strength. This is because traders are if the view that many stocks are overvalued. Investors should look into all the opportunities possible when trading the financial markets in the hour ahead.
The Dow Jones Industrial Average made losses of 0.85 percent to the 16,361.46. The S&P 500 Index slumped 0.81 percent to 1,863.40.
Facebook Inc. tumbled 5.19 percent to the $57.71. Bank of America Corp. declined 2.39 percent to $15.95. Microsoft Corp. advanced 0.13 percent to $39.91.
After all of the losses we have seen recently, gains may be on the cards for U.S. stocks.
Crude oil futures are stronger this morning by over 70 cents at the $101.3 level. It is great to see that the crude oil binary option is higher this morning. It has gained after much of the weakness which we saw during last week’s trading week. In addition, with the dollar going much lower, it is not sure that the black gold is so much higher today. Traders are of the view that more gains maybe on the cars.
Gold has started the trading week higher by climbing $3 in the latest round of trading. Investors are of the view that now is the time to go long on the commodity as the dollar slides into the abyss. Moreover, with losses we have seen in the past month or so for the metal, he gains we are seeing today are more than welcome. Get ready to open daily Call options in the hours ahead.
We have seen a lot of volatility with regards to the crude oil binary option in the past few hours of trading. It has been supported by traders being willing to take a lot of risks. Therefore, going long on the black gold is the way to go.