We are seeing a lot of strength for the British pound these days. Investors have been in favor of going long due to the very high returns which are on offer for them. It is expected that interest rates will increase from the record lows sooner rather than later. The most impressive gains as of late have been made versus the greenback and the euro. It is expected that the cable will continue gaining ground in the hours ahead. Therefore, begin opening Call options in the GBP/USD pair as soon as possible.
We are seeing the yen decline versus the greenback this Tuesday morning. This is after the Japanese currency was able to make inroads into its major peers. The violence in Iraq has lent a helping hand to the haven yen as of late. There is the forecast that oil supplies will be disrupted, making it understandable why the Japanese currency is higher than many had expected at the moment. In late trading yesterday the EUR/JPY fell to its lowest level in four months. Traders are of the view that the yen could slide even further.
There is a lot of weakness when speaking of the Australian dollar at the moment. Traders simply feel that it is not the right time for them to go long on the Australian currency, as it is somewhat overvalued. There are also a number of other reasons why we are seeing bearishness for the AUD as of now. The news that policymakers doubt that lower interest rates will help the nation’s economy have sent shockwaves through the markets. The pace of growth is set to be lower than was previously forecasted, which may end up putting additional downward pressure on the Aussie.
It is good to see that U.S. stocks were able to start the trading week on a high. Investors really felt that it was worth it for them to go long due to the very high returns. In addition, a number of stocks were overlaid, which was a good enough reason to take risks on Monday during the U.S. session.
The Dow Jones ended up making gains of 0.03 percent to 16,781.01. The S&P 500 surged 0.08 percent to 1,937.78.
Bank of America Corp. dipped 1.04 percent to $15.28. Intel Corp. jumped 0.47 percent to $30.01.
Investors are hopeful that there will be more strength for U.S. stocks in the hours ahead.
It was the case that crude oil was able to make some very important gains during yesterday’s trading session. The thing is that investors have decided that now is the time for them to go short on the commodity. It is trading lower by about 4 cents at the moment. Investors are of the view that it is best for them to wait on the sidelines.
We are seeing the gold binary option go lower by $8.10 this morning. After a number of commodities were able to surge yesterday, it seems that traders are of the view that it is best for them to go short today. With the prices of a number of commodities overvalued, it may be the best to go short in the next few hours of trading.
We saw gold futures make some very important gains during yesterday’s trading session. Investors were simply in the mood to go nog due to the very high returns which were on offer for them. However, it may be best to go short today, so sell now.