Stocks to Make a Comeback
Trade of the Day
Pair to surge in the next few hours
It should be taken into account that the GBP/USD forex binary option was trading much lower not so long ago. However, there has been a surge of confidence ever since when speaking of the pair. This is as traders now understand that the GBP/USD is very much undervalued, so the gains which we are seeing right now are of no surprise. This should be taken into account if you are an ambitious forex trader.
USD slips on return of risk appetite
The U.S. dollar is one of the weakest currencies today. Traders just do not feel that it is the right time to go long on the American currency at the moment. Instead, they have put their money into currencies that seem to be offering them higher returns each trading day. It is important to take into account that the greenback was much more bullish a few hours ago. Among its biggest losses have been made versus the loonie and the pound. The dollar may continue its slide into the abyss, as the trading day passes by.
Euro very weak this morning
We have seen a lot of weakness for the euro in the latest trading, as investors feel that there are a lot of risks associated with this currency. This has been the case since the latter days of the previous week’s trading session. The EUR/USD pair was higher not so long ago, but it has since dipped 0.1% for the day. In addition, the euro is trading much lower versus the pound sterling right now.
Pound trading higher
The pound is trading much higher versus its major currency counterparts in the latest round of trading. Investors have decided that it is the perfect time to start making some risks when it comes to the British currency. This has been the case for the past few hours of trading. You will really need to make sure to stay ahead of events as the trading day passes by if you are up for making a lot of profit.
JPY starting to slide
There was a lot of strength when it came to the Japanese yen in early morning trading. However, since the Nikkei went up by 0.11%, this put a lot of downward pressure on the yen. Traders are not willing to take risks by going long on the yen. Further losses may be on the cards for the Japanese currency.
Have U.S. stocks bottomed out?
Traders are trying to think whether or not U.S. stocks have bottomed out. This is after most of them made some very big losses during Friday’s trading session. This was largely due to the U.S. not posting enough positive economic data and the Federal Reserve not taking enough aggressive action. This means that you will need to stay ahead of all the economic announcements from the leading economies today if you are serious about making a lot of profit from the financial markets.
Gold still going higher
It is good to see that traders still have a lot of confidence when speaking of the gold binary option. Traders are in the mood to take some risks when it comes to the gold binary option. They just feel that it is very much undervalued. This will need to be understood if you are serious about trading gold as a second income. It may be that gold will continue going higher this Monday, so start opening Call options this instant.