Investing.com - Financial Markets Worldwide

Wheat Crashes As Rain Eases Supply

ByEasy Forex
Published 04/04/2014, 02:47 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
1.16%
USD/JPY
-0.21%
UK100
-1.27%
DE40
-3.53%
GC
0.92%
LWBc1
-1.60%

Currencies

  • The EUR/USD slid lower finding new support at 1.37535 against the US dollar (USD). The pair may be tested this afternoon as the ECB will announce its interest rate followed by the ECB press conference.

  • The US dollar (USD) remains bullish against the Japanese Yen. The pair has moved higher and is currently trading at 103.94. Investors are looking at today’s US unemployment data release for hints on the future of the Fed’s policy.

Equities

  • European equities are moving higher with the Germany 30 (DAX) trading above 9663, the UK 100 (FTSE 100) above 6617.8 and the France 40 (CAC) touching resistance at 4432.8.

Commodities

  • London Wheat prices continue to slide as rainfall was more than sufficient in the US and Australia, some of the world’s largest producers. Wheat prices fell to 668.75 cents per bushel as markets expect adequate supply to hit the market.

Mover & Shaker with FX Options

  • Gold gained ground yesterday as investors flock into the precious metal. Rising from 1277.90 to 1293.26, gold has found strong resistance at that level.

  • Options traders may consider constructing a Bull Call Spread on gold.

A bull call spread can be constructed by purchasing an at-the-money Call and selling an out-of-the-money Call.

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. EF Worldwide Ltd

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.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.