Currencies
- The euro crashed yesterday and reached its 10 month low at to 1.3357 against the US dollar, on speculations that the president of the European Central Bank (ECB), Mario Draghi, might be dovish in the ECB Press Conference tomorrow.
- The dollar skyrocketed up to 102.92 before retracing back to 102.59 against the Japanese yen (JPY). Dollar strengthened as the US ISM Non-Manufacturing PMI data came out at 58.7 which were better than the expected data at 56.6. Today the US trade balance will be announced with expectations lying at -44.2 Billion.
Equities
- The US equities fell yesterday as there are concerns over Ukraine. The S&P 500 went down to 1907 the Dow 30 dropped down to 16296 and the Novadaq Technologies Inc. (TO:NDQ) reached the level of 3851.
Commodities
- WTI Crude Oil fell yesterday down to 97.00 US dollars per barrel, before the Crude Oil Inventories announcement today, while the expected stock is around -1.1 Million Barrels.
Mover & Shaker with forex options
- Gold dropped yesterday down to 1282 before the rebounding back to 1293 US dollars an ounce. Gold fell as better than expected US manufacturing data reduced demand for haven assets.
- Option traders may consider constructing a Long Straddle on the XAUUSD and gain if the pair moves in either direction, while the risk is limited to the premium paid.
- A Long Straddle can be constructed by buying an at the money Put and an at the money Call.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.
Disclaimer: 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.