Binary Options Daily Analysis: U.S. Equities Looking to Gain Again!
There has been a gradual strengthening of the greenback since the beginning of trading this Monday morning. The AUD/USD forex binary option is much lower today by 0.59% at $1.0265. The GBP/USD has slumped 0.66% to $1.5964. Traders feel that the USD is the currency to buy into today, as it offers the highest returns of the developed nation currencies. It could be that the greenback will rise in the coming hours of trading today.
The European single currency is trading much higher versus its main currency counterparts this morning. The EUR/GBP currency cross has surged 0.77% to 85.28 pence. The euro has been able to make important inroads into its peers recently. This is after it was oversold in the previous trading week. This renewed confidence is owed to the high possibility that European policymakers will come up with something new to put an end to the region’s debt crisis soon.
The yen was much stronger during early morning trading. However, the Japanese currency has since declined. The USD/JPY pair is much higher this Monday by 61 cents to $93.33. The yen has lost a lot of ground versus the euro too. Higher yielding currencies seem to be much better in the latest round of trading. This is as traders are starting to take more risks in the forex market, as more opportunities arise this Monday.
There was bullishness seen for the leading equities during last Friday’s trading session. The encouraging data from the world’s largest economies encouraged traders to go bullish. This was in contrast to previous trading days in which a number of stocks declined.
This was a good way to end the trading week.
Among the biggest gainers were Microsoft, Apple and many more. When it came to indices, the Dow Jones and Nasdaq 100 also gained notably.
U.K. stocks have surged this morning following the positive sentient we saw on Wall Street at the end of last week. It is important to take into account that U.S. shares also advanced during Friday’s trading session.
The FTSE 100 is higher today by 0.3%. Tesco climbed 1%. Other top shares happened to gain in the FTSE 100, as the U.S. economy is expected to grow faster than many had previously predicted in the months ahead.
Crude oil futures are lower today by 23 cents at $95.48. Investors feel that there is little reason to buy into the commodity. In fact, despite there being impressive gains for European stocks this Monday morning, commodities have not been trading the same way.
It seems that the bullish stocks have led to weaker commodities prices. It is important to take into account that crude and other energies were unable to make the gains which were expected by traders during the previous trading week. When comparing this to the heavy gains crude oil capped in the previous 2 months, this is highly important.
The economic events today will be vital to follow if you intend on trading crude oil futures.
Put options are quite popular, as traders foresee further losses ahead for the crude oil binary options this Monday.
There is a lot of volatility in the forex market today. The EUR/USD pair is higher by 0.06% at $1.3379. The pair has been gradually rising since the commencement of today’s trading session. Investors are of the view that further gains may be ahead for the pair today. This is especially so. As there has been a rally in the top European stocks this Monday morning.