Currencies
- The euro continues the downside and trades near its 2-year low at 1.2282 against the USD. The single currency weakened after the Fed signaled a hike of interest rates early next year.
- The USD remains bullish against the JPY, as it climbed up to 119.46. The yen weakened more than 400 pips within 3 days as Bank of Japan (BoJ) maintained its stimulus measures.
Equities
- The US equities extended their gains as the US economy is growing and Fed decided to be patient on increasing interest rates. The S&P 500 trades near record highs at 2073, the Dow 30 rose up to 17841 and the US Tech NASDAQ climbed up to 4297.
Commodities
- Wheat climbed up to its highest level since May at 676.50 US dollars per Bushel, on speculation that Russia may curb exports.
Mover & Shaker with forex options
- The USD skyrocketed up to 0.9848 against the CHF and recorded its 2 year high. The franc declined after the Swiss National Bank (SNB) imposed negative interest rates yesterday.
- Option traders may consider buying a Call on USD/CHF and gain if the pair continues the rally, while the risk is limited to the premium paid.
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