U.S. Stocks to Trade Lower Today
Trade of the Day
Dow could go even lower
The Dow Jones Industrial Average has been one of the weakest indices in the U.S. in the past 2 weeks. Traders just did not feel that it is the time for going long on the Dow. This is because of the forecast that U.S. stimulus will be cut. As a result, you may want to begin going short on the Dow Jones binary options during the U.S. session.
USD very mixed today
The EUR/USD pair is higher this morning by 0.03% at $1.3769. The AUD/USD pair has climbed 0.12% to 89.11 U.S. cents. Traders are in favor of taking some big risks with regards to the currency market today. This is why we are seeing so much unpredictable behavior. You will need to follow global economic events today while trading the U.S. dollar and its counter currencies to make the most from the forex market.
Euro could go much lower
The euro was mixed in the former hours of trading. Therefore, you will want to be very cautious while trading the euro today. The European single currency is much lower versus the pound. Also, there is the forecast that the euro could go lower versus the greenback later today. There will be several data releases from Germany and other countries in the Eurozone. As a result, you will want to stay ahead of all the data. This will at least give you a chance of making high returns today.
Pound going much stronger this morning
The most bullish currency this morning is the British pound. The pound’s most impressive gains have been made versus the yen, euro and the dollar during this morning’s trading session. The data coming out of the British economy seems to be interesting forex traders. The result has been the pound sterling making some very big gains in the past few hours of trading. Therefore, start opening Call options in the GBP/USD currency pair.
Yen going lower today
The yen has been a very weak currency on the much stronger Japanese stocks. In fact, stocks across Asia are very strong. With trader putting their money into Asian stocks, they have taken their finds out of Asian currencies such as the yen. The fact is that the yen has been one of the weakest currencies in the past few months. With this in mind, you may want to start selling the yen to maximize your gains in the coming hours.
Stocks in Asia higher after U.S. stocks dip
There was a lot of weakness when it has come to Asian stocks in previous trading weeks. The good news is that they are higher this morning. This is following the weakness for American stocks both yesterday and during last week’s trading session.
The S&P 500 and the Dow Jones are quite weak as of now. It will be interesting to see if these losses will be extended in the latter hours of trading.
Traders may want to sell U.S. banking stocks once the U.S. session gets going.
Going is going much higher this morning
Gold is higher this morning after making some losses just a few hours ago. This shows just how quickly the situation can change. Gold could make additional gains during the U.S. session if the dollar goes even lower. The reality is that there are a lot of factors driving gold at the moment. This means you may want to look into buying the commodity as the trading day passes by.