Currencies
- The euro (EUR) continues the downside and recording 2-year low at 1.2697 against the US dollar. The euro is in a bearish rally as the US dollar strengthens across the board, on speculation that Fed may increase interest rates before its counterparts.
- The US dollar (USD) retraced from 109.34 all the way down to 108.46 against the Japanese yen. The yen gained as Japan signalled that will not have changes in the public pension fund.
Equities
- The US indices slashed yesterday as investors shift away from equities due to the increase tensions in the Middle East and Apple (NASDAQ:AAPL) stocks declined. The S&P 500 fell from 1992 down to 1957 and theNASDAQ Composite dropped from 4089 to 3998.
Commodities
- Soybeans tumbled to the lowest level since 2010 at 918.60 US dollars per bushel, as there is increased supply in the market and push the price lower.
Mover & Shaker with forex options
- Gold reached its 9-month low at 1206 before the rebound up to 1228 US dollars an ounce. The precious metal rises as the global equities drop and the tensions in Middle East increase demand for safe haven assets.
- Option Traders may capitalize on the bullish momentum of the XAU/USD and purchase a CALL with the risk limited to the premium paid.
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