Currencies
- Theeurotumbled all the way down to 1.2163 against the US dollarand reached its lowest level since July 2012. The single currency headed towards lower lows, as Greece becomes again a concern for the European market. Greek politics may threaten the ECB stimulus actions, as the opposition party “Syriza” seeks to exit from the EU and write-down of the Greek debt.
- The Britishpoundslid down to its lowest level since August 2013 at 1.5484 against the US dollar. The cable dropped after the current account deficit expanded to a record low at 27 billion pounds.
Equities
- TheUS 30climbed above 18000 for the first time, as good US economic data indicate economic recovery.
Commodities
- WTICruderebounded from 55.07 all the way up to 57.53 US dollars per barrel, as reports show that the US economy expanded and indicates fuel demand in the US.
Mover & Shaker with forex options
- The US dollar continues the upside for another day as it climbed up to 120.82 against the Japanese yen. The greenback is on a rally as the US quarterly GDP came out at 5%, the most since 2003, indicating that the US economy is growing fast.
- Option traders may consider buying a call on the USD/JPY and gain if the pair moves higher, while the risk is limited to the premium paid.
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