Currencies
- The euro rose from 1.2858 to 1.2940 against the US dollar. The single currency recorded its biggest gain since July after hitting a new 14-month low. Today the French monthly Industrial Production will be announced with expectations to drop by 0.4%.
- The US dollar rose to a new 6-year high against the Japanese yen at 106.45. The Japanese yen fell as the monthly Core Machinery Orders were worse than expected at 3.5% while the expectations were at 4.1%.
Equities
- US equities fell yesterday while US Tech rose near its all-time high at 4110, as Apple Inc (NASDAQ:AAPL) revealed their new products, before retraced back to 4052. The US 500 dropped to 1983 and the US 30 went to 16983.
Commodities
- Gold fell to a three-month low yesterday at 1247 as investors seek for riskier assets rather than the safe haven.
Mover And Shaker With Forex Options
- The Australian dollar crashed against the US dollar to 0.9159, as it dropped below the 200-day moving average while the NAB Business Confidence dropped from 10 to 8. Aussie is still under pressure as the Australian Unemployment Rate and the Employment change will be announced with expectations lying at 6.3% and 15.2K new jobs.
- Option traders may consider constructing a Back Spread Strategy with Puts on the AUD/USD and gain if the pair moves lower, while the risk is limited to the premium paid.
- A Back Spread Strategy with Puts can be constructed by selling an at the money Puts while buying an out of the money Puts at double amount.
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