CurrenciesThe euro retreated to 1.3179 as expectations that the EU GDP has expanded by 0.3%. Look ahead for Spanish unemployment this morning for hints as to where the single currency could be headed.
A stronger US dollar has climbed up to 99.56 against the Japanese yen. The yen weakened against a basket of currencies as the Bank of Japan is expanding the monetary base, the most in 40 years. Look ahead for resistance at 99.65.
Mover & ShakeThe Swiss National Bank’s president, Thomas Jordan, has confirmed that the Swiss franc’s ceiling will remain at 1.20 against the euro as long as monetary conditions stay. The pair has moved above 1.2332 in early trading, and has been rising ever since the fears of a war in Syria have momentarily been subdued
FX OptionsAs Non-Farm Payrolls (NFP) are due to be released this Friday, gold traders are using options strategies to capitalise on the metals volatile movement. To minimise costs, traders are buying as well as selling out of the money to create bull and bear spreads.
EquitiesThe UK 100 (FTS) is moving higher after touching 6515. Look for further potential upside as investors weigh in developments in equities such as Vodafone and Microsoft. As well as positive Chinese data.
CommoditiesBrent Crude has risen to $114.3 from $112.2 yesterday as commodities push higher amid lower Libyan oil output which pushes supply levels lower.
Risk Warning : 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.
A stronger US dollar has climbed up to 99.56 against the Japanese yen. The yen weakened against a basket of currencies as the Bank of Japan is expanding the monetary base, the most in 40 years. Look ahead for resistance at 99.65.
Mover & ShakeThe Swiss National Bank’s president, Thomas Jordan, has confirmed that the Swiss franc’s ceiling will remain at 1.20 against the euro as long as monetary conditions stay. The pair has moved above 1.2332 in early trading, and has been rising ever since the fears of a war in Syria have momentarily been subdued
FX OptionsAs Non-Farm Payrolls (NFP) are due to be released this Friday, gold traders are using options strategies to capitalise on the metals volatile movement. To minimise costs, traders are buying as well as selling out of the money to create bull and bear spreads.
EquitiesThe UK 100 (FTS) is moving higher after touching 6515. Look for further potential upside as investors weigh in developments in equities such as Vodafone and Microsoft. As well as positive Chinese data.
CommoditiesBrent Crude has risen to $114.3 from $112.2 yesterday as commodities push higher amid lower Libyan oil output which pushes supply levels lower.
Risk Warning : 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.