Currencies
- The euro (EUR) opened higher this week’s opening while is now trading near 1.2675 against the US dollar (USD). The single currency rebounded from last week’s low at 1.25 as the Fed is considering the timing of rising the interest rates while they fear that recent dollar’s strength may hurt the US economy.
- The US dollar (USD) moved lower and reached its monthly low at 107.05 against the Japanese yen (JPY). The Global economies looks that they are growing slower than anticipated and investors shift towards haven assets.
Equities
- The US equities slashed as investors are moving away from risky assets. The US 500 (SPI) dropped from 1968 all the way down to 1980, the US Tech (NDQ) declined to 3824 and the US 30 (DOW) went to 16333.
Commodities
- WTI Crude (OIL) continues the downside as it reached its two year low at 83.60 US dollars per barrel, as supply rises. The Brent Oil (BRT) follows the same momentum as fell down to its 4 year low at 88.08 US dollars per barrel.
Mover & Shaker with forex options
- Gold (XAU) continues its bullish momentum and reached its monthly high at 1234 US dollars an ounce. The metal advanced from its yearly low recorded last week at 1183 on expectations that the Fed may delay rising interest rates and boost demand for gold.
- Option traders may consider buying a Call on the XAUUSD and gain if the pair moves even higher, while the risk is limited to the premium paid.
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