S&P 500 Hits 2000 for First Time Ever
The dollar has been on the most bullish currencies in recent trading sessions. Investors have felt that it is worth it for them to go long on the dollar due to the prolonged rally we have seen on Wall Street. With the earnings for the top U.S. companies coming out much better than forecast, this has led to investors taking more risks when it comes to the op Wall Street equities and indices. Moreover, the USD has really benefit from all of this action as of late, which is why you will want to pay close attention if you want to make maximum returns from the surging dollar in the coming weeks of trading. Expect the dollar to make further inroads into bitcoin this Tuesday morning.
There has been a lot of volatility when speaking of the European single currency in the latest round of trading. The EUR extended a slide yesterday vs. its main currency counterparts. This comes after German business confidence slumped for the fourth month. Traders are of the view that he economic situation will only get worse. Therefore, going short on the EUR/USD pair in the hours ahead may bring very high returns.
There has been a lot of strength with regards to the pound sterling since the start of yesterday’s trading session. The GBP/USD forex binary option has been higher by about 0.1 percent for most of the time. Investors did have a lack of confidence with regards to the sterling yesterday. The good news is that investors have a lot more confidence in the cable as of now. This is why going long on the GBP/USD forex pair is where the action is at as the trading day passes by.
The good news is that there were very important gains for U.S. stocks and indices during the U.S. session yesterday.
The Dow Jones Industrial Average advanced a whopping 0.44 percent to 17,076.87. The S&P 500 Index added 0.48 percent to 1,997.92 after hitting the 2000 mark for the first time ever.
Bank of America Corp. climbed 0.99 percent to $16.29. Apple Inc. jumped 0.22 percent to the $101.54. Nokia Corp. advanced 0.98 percent to the $8.26.
With there still being economic stimulus for the U.S. economy in the coming months of trading, investors took the opportunity to go long on U.S. equities on Monday afternoon. Traders are of the view that the advances may be extended once Tuesday’s trading gets going in the hours ahead.
There was a lack of volatility when speaking of the crude oil binary option during yesterday’s trading session. Investors were of the view that they should wait on the sidelines until the signals are clearer. The thing is that the black gold is lower this morning by several cents, as traders feel that it may be better for them to begin going short this Tuesday morning as the greenback continues to hold value.
The gold binary option took a hit during yesterday’s trading session. What really put a lot of downward pressure on gold was the much stronger dollar. In addition, there was simply a lack of confidence when speaking of metals during yesterday’s trading session. Look to open daily Put options in gold in the next few hours of trading.
Investors have decided that it is the right time for them to go long on American stocks and indices in the latest round of trading. Look to go long today in order to make some additional returns.