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US Unemployment Claims To Set The Pace For Market

ByEasy Forex
Published 09/26/2013, 04:05 AM
Updated 03/09/2019, 08:30 AM
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Currencies

  • The euro (EUR) remains above 1.3500 against the dollar helped by Mrs Merkel’s re-election. The pair may come under pressure should better US unemployment data be released later in the day.
  • The US dollar (USD) picked 85 pips against the Japanese yen (JPY) in yesterday’s trading. The dollar looks at higher highs should positive unemployment data be released.

Equities

  • The US 500 (SPI) continues on a bearish trajectory after reaching record highs. The index touched 1684 before correcting higher.

Commodities

  • Crude Oil (WTI) found strong resistance at 103.95 before leveling back at 102.25. Pressure on energy prices has decreased as Syria tensions subside.

Mover & Shaker with FX Options

  • Gold (XAU) has been able to break above 1329 touching 1337. The precious metal may retest support at its breakout level.
  • Option traders are looking at a long term bullish view on gold by buying Call options while selling out of the money Calls to reduce costs.

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