Currencies

• The euro (EUR) continues to rise against the US dollar (USD) as the pair moves above 1.37616. The single currency has risen above a one month high as the dollar continues to weaken.

• The US dollar (USD) moved lower after touching 102.72 against the Japanese yen (JPY). The pair, currently at 102.24 may remain under pressure as investors look ahead to US PPI data and the FOMC meeting minutes.

Equities

• The US Tech (NDQ) index, tracking America’s largest tech companies is moving higher, having touched 3684, a record high. Equities remain buoyant amid continued dollar weakness and better earnings.

Commodities

• Oil prices are on the rise as Brent crude (BRT) reached 110.50 in early trading, a monthly high. Energy prices picked up on volatility as demand rises and geopolitical issues such as Syria remain in flux.
  

Mover & Shaker with FX Options

• The British pound (GBP) remained under pressure after falling from 1.6823 against the dollar. Investors are expecting UK unemployment data which may shock the sterling.

• Options traders may consider constructing a Straddle on the sterling which may appreciate in case the currency moves in either direction.

• A Straddle can be constructed by purchasing an at-the-money Call and an at-the-money Put.