Currencies
- The euro (EUR) rebounded from its 2-year low at 1.25 all the way up to 1.2674 against the US dollar (USD). The dollar rallied against a basket of currencies during the past months and it looks that a pullback is needed until to get another catalyst.
- The US dollar (USD) retraced down to 108.53 against the Japanese yen (JPY) and lost around 140 pips. The yen advanced ahead of the BoJ Press Conference. Economists anticipate that the BoJ governor will leave all monetary policies unchanged.
Equities
- The US equities dropped from their highs as investors are shifting towards safe haven assets, with the US 500 (SPI) is now trading near 1953 and the US Tech (NDQ) near 4005.
Commodities
- Soybeans (SOY) rebounded from 909 up to 942 US dollars per bushel, as the world inventories may became bigger.
Mover & Shaker with forex options
- The British Pound (GBP) climbed around 150 pips and up to 1.6098 against the US dollar (USD). The sterling headed for gains as the dollar is already priced from market participants. The UK monthly Manufacturing Production due at 8:30 GMT with expectations at 0.2%.
- Option traders may consider buying a Call on the GBPUSD and gain if the pair moves even higher, while the risk is limited to the premium paid.
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