Euro Surging Ahead this Friday Morning- 16/05/2014

Currencies

USD

We are seeing much weakness when speaking of the American currency in the latest round of trading. The USD/CHF pair is trading lower this morning by 0.07 percent at the 89.04 centimes level. The thing is that the greenback has managed to make inroads into the Aussie. The dollar has dipped versus the pound sterling, as investors are of the view that the GBP/USD pair will surge ahead in the days ahead. The USD may be weaker overall, but it should not be written off.

EUR

We are seeing a lot of strength for the euro this morning. This is after it was trading sideways to a certain extent previously. This shows just how quickly the situation in the currency market can change from day to day. The euro has managed to make inroads into the pound and the dollar in the latest round of trading. There seems to be much confidence in risky assets, even though there was a big slump in Asian stocks in early morning trading. Look for the EUR to build on its gains as the trading day drags on.

GBP

The British pound has been going steadily higher since the beginning of today’s trading session. The problem is that the gains for the British pound are not convincing enough. This is why you will need to be very cautious if you are up for making some very high returns while trading the British currency as the trading day passes by. More gains are set for the GBP this afternoon.

 

Stocks/Indices

There ended up being some big losses when it came to U.S. stocks during yesterday’s trading session. Investors were of the view that it was the right thing to do by going short due to American equities being very much overvalued. This is why you will need to look at the most appropriate assets to put your money into if you are up for making high returns from the financial markets each trading day.

The Dow Jones Industrial Average tumbled 1.01 percent to 16,446.81. The S&P 500 slumped 0.94 percent to 1,870.85.

Bank of America Corp. fell 1.95 percent to $14.55. Facebook Inc. dived 2.21 percent to $57.92. There were also big losses for a number of other assets yesterday.

 

Commodities

Crude Oil

There has been a lot of volatility when speaking of the crude oil binary option as of late. This has ended up offering many traders high returns from day to day. Crude is higher by about 2 cents this morning, but traders are hoping for additional gains this morning. Prices are headed for a weekly gain at least, as the commodity was oversold last week.  With supplies of the commodity set to be disrupted from Russia, going long is the way to go.

Gold

Gold is a touch lower this morning, as trading is just getting going this Friday. The thing is that there is risk taking today, which has ended up hurting haven assets. Therefore, there could end up being additional losses for gold futures in the latter hours of trading today. As a result, you may want to stay away from the metal if you are serious about earning higher returns.

 

Wild Card

Dow Jones

It is a shame to see that the Dow Jones binary option has been hit so hard as of late. Traders felt that they should go short on the Dow as it has simply not been offering traders the returns which they so deserve as of latter. However, there may end up being a comeback this Friday.