The euro (EUR) has rebounded against the US dollar (USD) after touching 1.3636 on Friday. The single currency is currently at 1.3681 and may be looking at resistance at 1.3757..
The US dollar (USD) remains confident against the Japanese yen (JPY) after having reached a five year high at 104.63. The dollar has sincere retraced to 104.034 but may continue its bullish trajectory over the holiday season.
Equities
US stocks opened the week higher as Christmas nears and Wall Street remains bullish. The US 500 (SPI) has touched 1820.60, an all-time high before correcting to 1819.51.
Commodities
Brent Crude (BRT) has picked up over the past few days from 109.35 to 111.90 as fears of another supply disruption shake oil markets.
Mover & Shaker with FX Options
The Australian dollar (AUD) strengthened against the US dollar (USD) over the weekend. The pair has fallen from a high of 0.9754 to 0.8823 since October as the economy follows a natural depreciation following lower demand for its raw materials.
Options Traders expecting a weaker Aussie may consider constructing Bear Put spreads on the pair.
The Bear Put spread is constructed by buying an at-the-money Put and selling an out-of-the-money Put option on the AUDUSD.
Written by Orestis Aristides Currency strategist at easy-forex
Forex trading involves substantial risk of loss, and may not be suitable for everyone.
The EU Morning Report – Currencies mixed ahead of holiday season – 23 December 2013
Written by the easy-forex team
Currencies
The US dollar (USD) remains confident against the Japanese yen (JPY) after having reached a five year high at 104.63. The dollar has sincere retraced to 104.034 but may continue its bullish trajectory over the holiday season.
Equities
US stocks opened the week higher as Christmas nears and Wall Street remains bullish. The US 500 (SPI) has touched 1820.60, an all-time high before correcting to 1819.51.
Commodities
Mover & Shaker with FX Options
The Australian dollar (AUD) strengthened against the US dollar (USD) over the weekend. The pair has fallen from a high of 0.9754 to 0.8823 since October as the economy follows a natural depreciation following lower demand for its raw materials.
Currency strategist at easy-forex
Forex trading involves substantial risk of loss, and may not be suitable for everyone.
Click here to visit Easy-Forex.com
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