Currencies Easy- The euro (EUR) collapsed from 1.2569 down to 1.2319 against the US dollar (USD). The single currency dropped after Janet Yellen stated that interest rates will rise gradually next year while expressing her concerns about the economy.
- The US dollar (USD) skyrocketed from its monthly low at 115.55 all the way up to 119.00 against the Japanese yen (USD/JPY), on yesterday’s session. The greenback strengthens across the board after the FOMC statement, erasing yen’s previous gains.
Equities
- The US equities erased part of their previous losses as Fed indicates economic growth in the US. The US 500 (SPI) advanced up to 2010, the US Dow rose up to 17324 and the US Tech (NDQ) increased to 4172.
Commodities
- During this weekly session, Natural Gas (NYSE:NGS) declined from 3.928 down to 3.600 US dollars per mmBTU, as investors sold the commodity due to mild weather in US. On the calendar, the Natural Gas storage will be revealed today at 15:30 GMT with expectations at -61 Billion cubic feet held in the underground storage.
Movers and Shakers with Forex Options
- The British Pound (GBP): The GBP slid more than 200 pips and dropped down to 1.5541 against the US dollar (USD). The Cable driven by Fed’s statement trades near its yearly low ahead of UK monthly Retail Sales due at 09:30 GMT.
- Option traders may consider buying a Put on the Cable and gain if the pair moves lower, while the risk is limited to the premium paid.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.
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.