Investing.com - Financial Markets Worldwide
🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Euro Reversing Negative Trend

ByTechnical Trading
Published 09/10/2013, 04:57 AM
Updated 03/09/2019, 08:30 AM
GC
-
Currencies

The euro reached to higher highs touching 1.3266. The single currency looks to have clearly reversed last week’s bearish trend reaching for new highs.

The US dollar remains range bound against the Japanese yen at 99.62. The dollar kept its strength as a possible diplomatic solution to the Syrian crisis is unveiled.

Mover & Shaker with FX options
Gold has been on a bearish outlook as fears of escalating violence in Syria are re-assessed. As a possible diplomatic solution to the crisis appears to be feasible, then investors are fleeing gold as a safe haven and rebalancing their portfolios. Look for further downside below 1379 as events unfold.

Gold options provide an ideal tool to protect against adverse effects to your gold positions. To protect a long gold position in spot, investors are buying gold puts at the money to offset any potential losses.

Equities
US stocks continue on a positive footing after certain corrections over the past week. The US 500 (SPI) has moved to 1671, a one month high and the US Tech (NDQ) has reached 3173.

Commodities
WTI Crude (OIL) has reversed its bullish trend moving into negative territory. The crude has fallen to 108.51 from a high of 111.05 late last week.


Disclaimer: 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.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.