Currencies
- The euro (EUR) rebounded from 1.2397 all the way up to 1.2577 against the US dollar (USD). The euro remains bearish as the European Central Bank (ECB) is ready to act with additional monetary policies in December.
- The US dollar (USD) skyrocketed and recorded a new 7-year high at 117.04 against the Japanese yen (JPY), before the retracement back to 115.45 this morning. The yen declined as reports show that Japan’s economy has fallen into recession.
Equities
- Japan 225 (NKI) reached its record high at 17590 before it collapse down to 16914. The index had its biggest slump as Japan enters into recession.
Commodities
- WTI Crude (Oil) reached its 4-year low at 73.25 US dollars per barrel. The energy rebounded up to 76.2 as OPEC considers to reduce supply when meets this month.
Mover & Shaker with forex options
- Gold (XAU) rebounded from 1146 all the way up to 1194 US dollars an ounce. The precious metal reached its two week high on speculation that the low prices ended.
- Option traders may consider buying a Call on the XAUUSD and gain if the pair moves higher, while the risk is limited to the premium paid.
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