Dollar the Strongest Currency this Friday!
Trade of the Day
Gold to go even higher later
The gold binary option has been able to make a comeback in the past few hours of trading. Traders feel that it is worth it to go long on the gold binary option today. It is up by nearly $10 today, as investors are of the view that it is worth it to go long on the commodity. The fact is that there has so much weakness as of late. Therefore, it is a good idea to start going long on the gold binary option if you intend on making loads of profit today.
Dollar very weak today
Traders have decided to go long today on the dollar today. There has been so much bullishness for the greenback in the past few hours of trading. The EUR/USD pair is trading lower today by 0.38% at $1.3322. The dollar has also been able to make inroad into a number of its main peers in the past hour of trading. It would not be surprising if the dollar managed to make additional gains later on.
Euro the weakest currency today
Investors are simply not in the mood to take risks today when it comes to the European single currency. Traders have been able to make gains from the falling euro lately. This is largely due to the currency’s behavior being very predictable. Therefore, you will want to start gaining if you are interested in making money today.
Pound lower versus most peers
The pound is trading much lower versus main peers today. Traders have simply not had the required confidence to go long on the pound sterling in the latest trading due to the very weak British economy. The inability of the economy to improve rapidly has really hurt the pound lately. The pound has made some very big losses versus the yen and the dollar in past hour or so, but has gained versus the euro.
Yen gaining on all fronts today
The yen is trading higher much higher today versus its peers following the gains that were made in yesterday’s trading session. Traders feel like it is worth it for them to buy into the yen, as it is making such high returns. The most impressive gains have been made versus the euro and it others main currency counterparts in recent trading sessions.
U.S. stocks go from strength to strength
There were some very impressive gains made for U.S. stocks during Thursday’s trading session. Investors were in the mood to go bullish and the S&P 500 were able to make some important gains, which was a relief to binary option traders.
For those of you who went long on the top stocks on all Wall Street yesterday will be happy to know that we saw a very positive trading session.
Gold showing its strength
Gold has been high since the commencement of today’s trading session. Traders have taken it upon themselves to go bullish on the commodity. This is following the commodity making some very big losses in previous trading sessions. There will be much economic data coming from the largest economies throughout today’s trading session. After the U.S. published positive data yesterday, traders are hoping for the same this afternoon. Such news could give gold an additional boost which it has been lacking in previous trading days.