Currencies
- The euro (EUR) climbed from 27-month low at 1.2357 to 1.2469 on Friday against the US dollar (USD) after the bad US Non-Farm Payroll (NFP) data which came out to be at 214K, while the expectations were at 235K. Today the Italian monthly Industrial production will be announced and is expected to rise by 0.2%.
- US dollar (USD) fell from 7-year high at 115.59 to 114.25 on Friday against the Japanese yen (JPY) as the payrolls growth was worse than expected and investors reduced their bets for an earlier rise of the interest rates in the US. Today the Japanese Current Account will be announced and is expected to be at 0.03 trillion yen.
Equities
- US equities fell on Friday but they still remain near their all-time highs. The US 500 (S&P 500) dropped to 2020, the US 30 (DOW) went to 17435 and the US Tech (NASDAQ) to 4135.
Commodities
- WTI Crude (Oil) climbed to 78.97 USD per barrel earlier today as China’s export rose resulting into an increase in demand for oil.
Mover & Shaker with forex options
- Gold (XAU) rose to 1178 after reaching 4-year low at 1131 as NFP data were weaker than expected, boosting demand for the safe haven as investors seek for riskier assets.
- Option traders may consider buying a Call on the XAU/USD and gain if the pair moves higher, while the risk is limited to the premium paid.
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