If you have been following the dollar closely this morning will have seen the gains which the greenback has been able to make in Thursday morning’s trading session. This is in contrast to what we saw when speaking of the U.S. currency in previous trading sessions. This is why you may want to look into going long on the dollar this morning if you are up or making some very high returns from the financial markets. The EUR/USD pair is lower as of now by 0.04 percent at the $1.3636 level. The GBP/USD slumped 0.17 percent to the rate of $1.7128.
The European single currency is trading lower on all fronts this morning, as traders are not so much in the mood to put their money into unreliable currencies. This has been the mentality of traders since the commencement of today’s trading session. Traders foresee the euro to possibly gain ground on the latter hours of trading today, so make sure to go in on the action once you get a chance.
The Aussie has fallen from its highest level in a week on the number of unemployed increasing in the latest report. In addition, imports from China came out worse than expected, which is important as China is Australia’s largest trading partner. The Aussie has slumped versus the greenback and a number of tis other major currency counterparts. Investors are of the view that it is better to go short on the AUD in order to minimize potential when speaking of the currency market this Thursday.
The good news is that there was a surge in American stocks during yesterday’s trading session. This is in contrast to the early part of the trading week where we saw the leading equities on Wall Street get hit really hard. It seems that stocks have bottomed out, which means that now it is the time to go long on your favorite U.S. assets.
The Dow Jones made gains of 0.47 percent to the 16,985.61 level. The S&P 500 ended up also adding value on Wednesday, cutting the losses it made on Monday and Tuesday.
There will be a lot of data released from the U.S. economy in the hours ahead, so get ready to open your positions now.
Crude oil futures are lower this morning by 51 cents. The commodity has really underperformed as of late, and the weak economic data from Australia a few hours back has not helped things. With Libya increasing oil production and traders turning a blind eye to the chaos in Iraq, the losses which we are seeing for the black gold this morning are not a surprise. Therefore, going short this morning may turn out to bring very high returns.
The gold binary option is trading higher this morning. Actually, the gold binary option is trading near its highest level in a week. Both the greenback and the gold binary option have surged in the latest round of trading. With their being weak economic data published from the wires a few hours back, this has really lent gold a helping hand. Look for there to be additional gains in the latter hours of trading today
It is great news to see there being so many gains when speaking of the leading American index. This is good to see after there were big sloes in the former part of the current trading weak. Look for there to be additional gains during the U.S. session today.