Currencies
- The euro (EUR) collapsed down to 1.2500 where it trades now against the US dollar (USD). The single currency slid after the US reported 248K additional Jobs on Friday, indicating healthier US economy and the Fed may increase interest rates sooner than expected.
- The US dollar (USD) climbed from 108 all the way up to 109.89 against the Japanese yen (JPY). The yen declined as the US economy is recovering and the BoJ will continue the unprecedented monetary easing.
Equities
- The Hong Kong 40 (HSX) opened lower and moved down to 22506 before started the rebound. The Stocks are expected to increase as the protesters started talks with officials.
Commodities
- WTI Crude (OIL) rebounded from its 17-month low at 88.20 up to 91.78 USD per barrel. The increase supply of Oil in the market tumbles prices while now it trades near 89.75.
Mover & Shaker with forex options
- The US dollar (USD) retraced from 1.1070 all the way up to 1.1269 against the Canadian dollar (CAD), recording a 6-month high. The loonie lost 200 pips after data unexpectedly revealed a trade deficit by 0.6 Billion.
- Option traders may consider buying a Call on the USDCAD and gain if the pair moves even higher, while the risk is limited to the premium paid.
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