Currencies

• The euro (EUR) broke lower against the US dollar (USD) down to 1.3762 before correcting overnight to 1.3788. The euro may be tested today ahead of consumer confidence.

• The US dollar (USD) remains buoyant against the Japanese yen (JPY) after FOMC statements that interest rates may be raised 6 months after the end of QE ends. The pair is currently trading above 102.37.

Equities

• European equities edge higher led by the Germany 30 (DAX). The index may close the week with gains after moving from 8925 last week to 9309 on yesterday’s close.
  Commodities

Commodities

• Brent Crude (BRT) prices picked up on volatility as the recent geopolitical events take their toll on global energy supply. Analysts are talking into account the ongoing sanctions imposed by the west on Russia, one of the world’s largest oil exporters.
  

Mover & Shaker with FX Options

• Gold (XAU) has found support at 1321 before moving higher to 1334 dollars per ounce. Gold was badly affected by the FOMC statement as the dollar strengthened, any further comments that may help the dollar may ultimately weaken the precious metal’s value.

• Options traders may consider constructing a Bear Put Spread.

• A bear put spread can be constructed by purchasing an at-the-money Put and selling an out-of-the-money Put.