We are seeing a lot of strength when it comes to the U.S. dollar this morning. Traders are in the mood to go long on the greenback after they sold off the U.S. currency for much of last week’s trading session. Now the Fed is seen on track to exit the easing policy. Therefore, this has led traders to go long on all fronts when speaking of the U.S. currency in the latest round of trading. The GBP/USD forex binary option is trading lower as of now by 0.06 percent at the $1.7026 level.
The European single currency was a big gainer during last week’s trading session. The thing is that traders have taken it upon themselves to go short on the EUR in the latest round of trading. The EUR/USD forex pair is trading lower as of now by 0.07 percent at the $1.3643 level. The euro has lost a lot of ground versus a number of its other peers this morning. Do not be surprised if the euro continues its dive into the abyss today.
The USD/JPY forex binary option has tumbled this morning by about 0.11 percent to the 101.31 yen level. Traders are of the view that it is better for them to go short on the USD/JPY at the moment as it is not offering them high enough returns. In addition, investors have decided to go long on the JPY today amid the Ukraine and Iraq tensions. Traders may continue going long in the hours ahead.
There was a lot of uncertainty when speaking of the financial markets during last week’s trading session. The good news is that we saw the leading equities on Wall Street go higher. This was as traders felt that equities were not valued highly enough. In fact, with the Fed expects to raise rates sooner rather than later, then it is no surprise why equities turned out gong higher during Friday’s trading session.
On Friday, the Dow Joes Induarial Average se a touch by 0.03 percent to the 16,851.84 level. The S&P 500 Index added 0.19 percent to 1,960.96.
Apple Inc. surged 1.19 percent to $91.98. Microsoft Corp. advanced 1.27 percent to $41.25.
Traders feel that there could end up being additional gains later on today.
We are seeing the crude oil binary option go lower this morning by over 40 cents. Traders seem not to be in the mood to take big risks when speaking of the black gold in the latest round of trading. This is even though there was a rally in U.S. equities at the end of last week’s trading session. It seems that the weak data from the Far East has led investors not to take risks at the moment, and wait on the sidelines to a certain extent.
The gold binary option is trading lower this morning by more than $3.00. Investors seem not to be in the mood to go long on the haven this morning, as they are waiting until more news is released from the news wires. Also, with the dollar and the yen rising against most of its peers, this has led traders to go short on the yellow metal.
One of the weakest commodities this morning seems to be the crude oil binary option. Traders are of the view that the commodity is a touch overvalued, which has resulted in them to go short this Monday morning. Opening daily Put options is the way to go today.