U.S. Stocks Record Very Impressive Gains!
Trade of the Day
The may rise yet again
The Dow Jones happened to make impressive gains yesterday. The advances came as traders were of the view that the leading U.S. index was undervalued. It fell a lot in previous trading session. It may be that the Dow will make even more gains once Wall Street opens this Friday.
USD making a comeback
The GBP/USD pair is lower by 0.21% at $1.5570. Traders have decided to ditch the Aussie and into the dollar during the latest round of trading. It is important to take into account that the greenback was much stronger earlier on. However, it has since slumped due to traders not having risk appetite when it comes to the forex market. Therefore, the greenback may build on its gains later.
EUR mixed at the moment
The EUR is trading quite mixed at the moment. It is weaker versus the greenback, despite making some important gains during early trading. However, it has managed to make inroads into the British currency Ti is evidence that there is still strength when speaking of the European single currency. It is just that there is so much volatility in the currency market these days, so make sure to be cautious.
The GBP has managed to gain versus the Aussie, but dived versus the greenback. There is just so much moving the markets today, as investors are looking for the right currency. It is important to take into account that the pound is not as strong as it was a few weeks ago. As a result, you will need to take extra care while trading the sterling ach trading day. The pound may slide further versus the dollar if there ends up being weak economic data form the U.S. economy in the latter hours of trading today.
JPY much higher in the latest round of trading
The yen is trading higher on all fronts today after comments made by Japanese officials that stimulus will be coming to an end very soon. This sent shockwaves through the markets, resulting in investors selling the risky currencies and buying into the Japanese currency. Therefore, you will want to start going long on the yen if you intend on making a lot of money in the next few hours of trading.
U.S. stocks show their strength
There was a lot of bullishness for the leading U.S. stocks on Thursday. Traders felt like taking risks after there was a lot of weakness in the previous days of trading. This is why you should get in on the action to make the returns which you really deserve.
Banking and tech stocks are among the biggest gainers. Also, retailers happened to also make impressive gains.
The Dow Jones and the other leading indexes were able to make some important advances. It may be that there will be further gains later this Friday.
Gold slides into the abyss
The gold binary option was one of the better performers in previous trading day. However, it is lower at the moment, as there is a lack of risk sentiment in the leading metals. In addition, other commodities have just not been able to make the much needed gains in the latest round of trading. There will continue to be a lot of volatility with gold today. Much will be dependent the strength of the dollar and the economic release from the U.S. economy as the trading day passes by.