Currencies
- The EUR reached its one year low at 1.3118 against the USD. The single currency remains under pressure as the US Economy shows signs of recovering. The European Manufacturing PMI are on the calendar with expectations at 50.8.
- XAU declined from its high at 1296 down to 1283 US dollars per troy ounce on Friday. There are a lot of talks regarding Ukraine, thus the precious metal remains fragile while the metal is now trading around the level of 1287.
Equities
- The European Indices advanced on Friday with the Germany 30 (DAX) rose up to 9470, the France 40 (CAC 40) increased from 4335 up to 4388 and UK 100 (FTS) climbed from 6776 to 6823.
Commodities
- WTI Crude Oil completed its rally and climbed up to 95.98 US dollars per barrel. There is a demand for the energy as the US economy is growing, which is the biggest worldwide consumer.
Mover And Shaker With Forex Options
- The GBP dropped from its weekly high at 1.6612 back to 1.6561 before the rebound back to 1.6594 against the USD on Friday. The sterling is very volatile as the UK Manufacturing PMI, due at 08:30 GMT, may set a new direction for the pair.
- Option traders may consider constructing a Long Straddle on the GBP/USD 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 Call and Put.
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