S&P 500 Eyes a Record
We are seeing very little demand for the British currency at the moment. It may be that the massive floods in the nation are hurting the British currency. Moreover, traders have decided to unwind some of the long positions which they previously had in the GBP. It is trading lower at the moment versus the yen, dollar and euro. The main reason for the weakness in British unemployment rising unexpectedly in the fourth quarter of 2013.
There have been some very impressive gains when it has come to the Japanese yen this morning. Investors are of the view that it is worth it for them to go long on the Japanese currency due to the high returns which can be made. In fact, the yen is trading higher for the first session in three versus the greenback. With stocks in Japan going much lower this morning, this has ended up boosting the JPY notably.
One of the biggest movers in the forex market at the moment is the Australian dollar. The AUD/USD forex binary option is trading higher this morning by 0.12 percent at the 90.39 U.S. cents level. Traders just have so much confidence in the Aussie, as it is offering them some very high returns at the moment. You may want to go long on the AUD/USD today to also make some profit.
We saw very important gains for stocks and indices during yesterday, as there was a return of confidence into the markets. This was after there was the bank holiday Presidents Day on Monday. It seems that the impressive gains we have seen in Asian stocks in recent trading days have played into bullishness when it has also come to American stocks.
The S&P 500 climbed 0.01 percent to the 1,840.76 level. The Dow Jones tumbled 23.99 points, or 0.2 percent, to 16,130.40. The S&P 500 is just 8 points away from its record high.
Facebook Inc. climbed 0.31 percent to $67.30. Nokia Corp. jumped 2.66 percent to $7.33.
We are seeing the price of crude oil slide 7 cents to the $102.03 level. The commodity is still trading near its highest level in four months. The fact is that the crude oil binary option made some very important gains during yesterday’s trading session. Investors simply felt that was worth it for them to go long on the black gold due to high returns which they can make from the commodity. Moreover, the recent cold weather in America seemed like a good enough reason to go long on the commodity. More gains may be on the cards later on today.
The gold binary option ended the trading day a lot higher on Tuesday. The reality is that there has been a lot of demand for gold in recent trading sessions. This is because the demand from countries such as India is forecast to increase. Moreover, the dollar has been hit in previous trading sessions, which has ended up giving the gold binary option a helping hand. However, gold prices are lower today by $5.
It has been great to see gold make some impressive gains recently. Traders have really been in favor of taking some risks when it has come to the yellow metal. The thing is that there is a lack of demand for the commodity at the moment. In fact, a number of trades have decided to take out some of their profits. Therefore, look to go short on the gold binary option in the hours ahead.