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USD Trading Outlook


 
11.12.2014-8.12.2014 5.12.2014-1.12.2014 27.11.2014-24.11.2014 21.11.2014-17.11.2014 13.11.2014-10.11.2014 6.11.2014-4.11.2014 31.10.2014-27.10.2014 24.10.2014-20.10.2014 17.10.2014-13.10.2014 10.10.2014-8.10.2014 3.10.2014-29.9.2014 26.9.2014-22.9.2014 19.9.2014-15.9.2014 12.9.2014-8.9.2014 4.9.2014-1.9.2014 29.8.2014-25.8.2014 22.8.2014-18.8.2014 15.8.2014-11.8.2014 8.8.2014-4.8.2014 1.8.2014-28.7.2014 25.7.2014-21.7.2014 18.7.2014-14.7.2014 11.7.2014-7.7.2014 3.7.2014-30.6.2014 27.6.2014-23.6.2014 20.6.2014-16.6.2014 13.6.2014-10.6.2014 4.6.2014-2.6.2014 28.5.2014-26.5.2014 23.5.2014-19.5.2014 16.5.2014-12.5.2014 9.5.2014-5.5.2014 2.5.2014-28.4.2014 25.4.2014-22.4.2014 18.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013

14th February

Currencies

  • Volatility on the euro picked up as the currency fell from 1.3678 to 1.3561 against the US dollar (USD) after Mario Draghi’s comments yesterday that negative interest rates were a possibility in the Eurozone. The single currency rose to 1.3636 short after.
  • The US dollar (USD) suffered losses against the Japanese yen (JPY) as the pair fell below 102.04 in early trading. Investors will be interested in today’s US unemployment claims for more insight into the dollar’s direction.

11th February

Currencies

  • The euro (EUR) continues moving higher against the US dollar (USD) after Friday’s Non-Farm Payroll release. The single currency has moved from a low of 1.3485 to 1.3659 over the past 5 days.
  • The US dollar (USD) remains range bound against the Japanese yen (JPY), trading between 102.11 and 102.38. Markets anticipate today’s testimony by newly appointed Fed Chairman, Janet Yellen. Mrs Yellen was one of the keen supporters of Ben Bernanke’s quantitative easing programme.


Equities

 

  • US equities rose over the week with the US500 (SPI) moving above 1799. Wall Street will be receptive today to remarks made by Janet Yellen in her testimony.

 

Commodities

 

  • Oil prices are moving higher with WTI crude (OIL) rising above 100.04 as energy demand steepens. Oil prices had slid to as low as 91.40 over January before rising to retest resistance above 100 dollars per barrel.

 


Mover & Shaker with forex options

 

  • Gold (XAU) continues to move higher against a weaker dollar as the US economy disappoints. The precious metal rose to 1287 overnight and may test resistance at 1293 should markets anticipate a more dovish tone by the new Fed Chairman.
  • Options traders may consider constructing a Bull Call Spread on Gold which may appreciate in case gold moves higher.
  • A Bull Call Spread can be constructed by purchasing an at-the-money Call and selling an out-of-the-money Call.

10th February

Currencies

  • The euro (EUR) remained just below resistance at 1.3626 against the dollar after Friday’s Non-Farm Payroll release. The pair has risen sharply at the end of last week from 1.3505 to 1.3638 as the US showed poorer than expected jobs growth.
  • The US dollar (USD) currently at 102.38 against the Japanese yen (JPY) has recovered all its Friday losses. The dollar managed to recover more than the 100 pips it lost on Fridays’ NFP release.


Equities

 

  • US equities continued to rise over the past week even as employment growth in the US remains anaemic, the US500 (SPI) has yet to move above resistance at 1791.

 

Commodities

 

  • Energy prices are moving higher with Brent Crude (BRT) picking up speed. The energy rose to 109.65, a four week high, before correcting slightly lower at 109.17.

 


Mover & Shaker with forex options

 

  • Gold (XAU) shows signs of strong advance as the dollar weakens. The precious metal overcame 1273 touching 1275 at the start of the week as investors reduce their risk appetite and go into safe haven assets.
  • Options traders may consider constructing a Bull Call Spread on Gold if they expect the precious metal to move higher.

A Bull Call Spread can be constructed by purchasing an at-the-money Call and selling an out-of-the-money Call.


  Go to U.S. Dollar (USD) Archive