Currencies
- The euro climbed from 1.2730 to 1.2630 yesterday against the US dollar. The investors and analysts in Germany are pessimism about the future economy as the Germany ZEW Economy Sentiment came out to be at -3.6, while expectations were at 0.2. The European Industrial Production were also worse than expected as it drop by -1.8%, while the expectations were to drop by -1.5%. Today the President of European Central Bank Mario Draghi will speak at the European Cultural Days 2014 in Frankfurt and might reveal some hints about any additional future stimulus measurements.
- The US dollar (USD) climbed to 12-months high at 40.9632 against the Russian ruble as inflation data came out to be at 1.2% increase, while the expectations were at 1.4% increase. Today the UK 3-month Average Earnings Index will be announced along with Claimant Count Change, with expectations at 0.7% and -34.2K respectively.
Equities
- Asian equities gained, following disappointing European economic data. The Japan 225 advanced to 15082, the Hong Kong 50 (HSX) rose to 23110, the China 50 (CNX) went to 7154 and the India 50 (IND) to 7945.
Commodities
- WTI Crude (OIL) plunges to a two year low at 81.32 USD per barrel as the demand for oil is in its slowest pace in five years.
Mover And Shaker With Forex Options
- British Pound (GBP) crashed to 1.5888 yesterday against the US dollar (USD) as inflation data came out to be at 1.2% increase, while the expectations were at 1.4% increase. Today the UK 3-month Average Earnings Index will be announced along with Claimant Count Change, with expectations at 0.7% and -34.2K respectively.
- Option traders may consider buying a Put on the GBP/USD and gain if the pair moves lower, while the risk is limited to the premium paid.
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