Currencies
- Theeurotumbled all the way down to 1.2163 against the US dollarand reached its lowest level since July 2012. The single currency headed towards lower lows, as Greece becomes again a concern for the European market. Greek politics may threaten the ECB stimulus actions, as the opposition party “Syriza” seeks to exit from the EU and write-down of the Greek debt.
- The Britishpoundslid down to its lowest level since August 2013 at 1.5484 against the US dollar. The cable dropped after the current account deficit expanded to a record low at 27 billion pounds.
Equities
- TheUS 30climbed above 18000 for the first time, as good US economic data indicate economic recovery.
Commodities
- WTICruderebounded from 55.07 all the way up to 57.53 US dollars per barrel, as reports show that the US economy expanded and indicates fuel demand in the US.
Mover & Shaker with forex options
- The US dollar continues the upside for another day as it climbed up to 120.82 against the Japanese yen. The greenback is on a rally as the US quarterly GDP came out at 5%, the most since 2003, indicating that the US economy is growing fast.
- Option traders may consider buying a call on the USD/JPY and gain if the pair moves higher, while the risk is limited to the premium paid.
Risk Warning: Forex, Commodities, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you fully understand the risks involved and do not invest money you cannot afford to lose. Please refer to our full risk disclaimer.