We are seeing much movement when speaking of the greenback as the moment. The EUR/USD forex binary option is trading higher this morning by 0.04 percent at the $1.3532 level. The dollar has made inroads into the yen, but is trading much lower versus the Aussie this morning. We are basically seeing a lot of mixed movement when speaking of the greenback at the moment. This rally summarizes the movement of the main currencies. The dollar may actually go much lower in the coming hours of trading.
One of the most interesting currencies to trade at the moment is the Japanese yen. On the one hand, it has ended up making some very big losses against the dollar. On the other hand, it has managed to cap some very important inroads into the euro. The EUR/JPY is trading at its lowest level in five months. This has come on the Israel-Gaza conflict and the Ukraine crisis. In fact, the yen is trading to cap its highest level versus the euro in five months. Look for the EUR/JPY to go even lower as the trading day drags in.
It is great to see that the GBP/USD forex binary option is marginally higher this morning. Traders thought that the pair would slide this morning, put the exact opposite has happened. Traders are of the view that the British economy is so bullish, giving them a good reason to go long on the cable. Expect the GBP/USD forex pair to make additional gains in the coming hours of trading.
It is unfortunate to say that there was a big drop in U.S. stocks during yesterday’s trading session. There is now the Ukraine crisis and the Gaza crisis which seems to be on traders’ minds. Investors simply do not feel that it is worth it for them to make big risks at the moment. This is especially amid the geopolitical instability we are seeing. Investors will want to look at making important gains as end of week trading kicks in.
The Dow Jones fell a whopping 0.94 percent to the 16,976.81 level. The S&P 500 Index slumped 1.18 percent to 1,958.12.
There were also very big losses when it came to banking and tech stocks. This is why you will want to look for the right stocks as today’s trading gets going.
There is so much strength for the crude oil binary option this morning. The crude oil binary option is trading higher as of now by 40 U.S. cents. Traders do not feel that it is worth going short as there is just so much supporting the black gold at the moment. In addition, the commodity is somewhat undervalued, which is why you may want to look into opening Call options once you get a free chance today.
The gold binary option is trading lower this morning by $6.80. Traders have decided that it is better for them to go short on the commodity this morning as it is simply not offering them the returns they deserve. This is why it is better for you to open daily Put options when it comes to the yellow metal once you get a free chance.
We are seeing the pound extend its gains versus the dollar from day to day. It seems that the U.K. has one of the faster growing economies in the developed world, so the gains which we are seeing at the moment are of no surprise. Therefore, go long yet when you get a chance.