Currencies
- The euro lost all previous gains and retraced back to 1.3159 against the US dollar. The single currency remains fragile as better than expected data are coming out from US and strengthens the US dollar. The European yearly CPI is on the calendar with expectations at 0.3%, while the euro needs very good data to come out in order to support its levels.
- The USD/JPY continues the decline against the Japanese yen, as the tensions between Russia and Ukraine have not ceased and there is a demand for haven assets.
Equities
- Indian 50 (IND) recording its record high at 8026 US dollars. The index made is biggest rally during this month and heading for its seventh consecutive monthly gain.
Commodities
- WTI Crude Oil made a rally yesterday and advanced from 93.44 all the way up to 94.82 US dollars per barrel. The energy gains as the US economy is growing and boost demand for oil.
Mover And Shaker With Forex Options
- Gold (XAU) climbed up to its weekly high at 1296 US dollars an ounce, as the tensions in Ukraine signals demand for haven assets.
- Option traders may consider constructing a Bull Call Spread on the XAU/USD and gain if the pair continues the upside, while the risk is limited to the premium paid.
- A Bull Call Spread can be constructed by buying an in the money Call while selling out an out of the money Call.
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.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.