Currencies
- The euro (EUR) has twice edged higher after the low of 1.3786 against the dollar this week. The single currency may be tested today as French and German Manufacturing data are released this morning..
-
The US dollar (USD) is touching 2 week highs against the Japanese yen (JPY). The greenback continues to strengthen on fundamentals as investors experience consistent “positive data surprise”.
Equities
-
Japanese equities were on the rebound overnight. The Japan 225 (NKI) index, tracking the 225 largest Japanese and other Asian companies, has reached 14533 from 14368 beginning of the week.
Commodities
-
Copper (CPR) prices are on the rise from last week. The metal suitable for so many applications has seen demand increase values to 3.0412 dollars per pound from 2.9660 only a few weeks ago.
Mover & Shaker with FX Options
-
Gold (XAU) continues to slide, reaching a monthly low below 1279 dollars per ounce. The precious metal has dropped from highs of 1392 and 1328 dollars per ounce over the last two months.
- In the medium term, gold may continue its bearish trend and options traders may consider constructing a Bear Put Spread on XAU/USD.
- A bear put spread can be constructed by purchasing an at-the-money Put and selling an out-of-the-money Put.
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. EF Worldwide Ltd