Currencies
- The euro (EUR) hit a weekly high at 1.3597 against the US dollar (USD) and is now trading around 1.3562. The Europe crawls to get out of the debt crisis while the US is threatening by a possible default.
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The US dollar (USD) climbed to a two week high at 98.70 versus the Japanese yen (JPY). The pair made a rally, while the US senate leaders are trying to reach to an agreement before Thursday.
Equities
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US equities continues to rise for a second day on speculation that the US lawmakers could reach a deal before Thursday. The US 500 (SPI) rose from 1680 all the way up to 1709. It looks that the index may continue to rise as the days ahead are crucial.
Commodities
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Crude Oil (WTI) swings between gains and losses and is trading between the levels of 101.00 and 102.50. All eyes are on the US government shutdown and a possible solution may pave the way towards higher levels.
Mover & Shaker with FX Options
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The Australian dollar (AUD) skyrocketed more than 130 pips, climbing up to 0.9538 against the US dollar (USD) and touched its highest level since June. The Reserve Bank of Australia (RBA) released the monetary policy meetings today, signalling the intention not to reduce interest rates further.
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Option traders may benefit from this move by purchasing at-the-money CALLs on AUDUSD, with risk limited to the premium paid in the event we see a reversal of the bullish trend .
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AUD/USD: Uptrend remains capped by 0.6650
AUD/USD could not sustain the multi-session march north and faltered once again ahead of the 0.6650 region on the back of the strong rebound in the Greenback and the prevailing risk-off mood.
EUR/USD meets a tough barrier around 1.0800
The resurgence of the bid bias in the Greenback weighed on the risk-linked assets and motivated EUR/USD to retreat to the 1.0750 region after another failed attempt to retest the 1.0800 zone.
Gold eases toward $2,310 amid a better market mood
After falling to $2,310 in the early European session, Gold recovered to the $2,310 area in the second half of the day. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.5% and helps XAU/USD find support.
Bitcoin price coils up for 20% climb, Standard Chartered forecasts more gains for BTC
Bitcoin (BTC) price remains devoid of directional bias, trading sideways as part of a horizontal chop. However, this may be short-lived as BTC price action consolidates in a bullish reversal pattern on the one-day time frame.
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