Today I did another live video to show you how easy it is to trade the 60 second option. The broker I am using on this video is Global Trader 365 I highly recommend them.
Today’s Hot Assets: EUR, USD, Gold
US stocks declined yesterday as positive data is boosting speculation that the Federal Reserve will reduce stimulus in early 2014. At the session close the S&P 500 was down by 0.32% and the Dow Jones was down by 0.59%. Asian stocks also fell with the Nikkei closing 2.17% lower as the Yen strengthened against the Dollar. After hitting its highest level since 2011, the Hang Seng declined due to tapering fears and closed 0.76% lower. Following their drop yesterday, European stocks have opened in positive numbers. Investors should focus on key data coming out today from both Europe and the US.
WTI is rising after data showed that US inventories fell. TransCanada has released news that it is planning to increase deliveries of Crude to Texas next month by easing a supply bottleneck which resulted in a lack of pipeline capacity. Gold has reached a 5 month low due to the speculation that quantitative easing will be reduced. Physical demand is also weak. Traders should focus on US data today including the ADP Nonfarm Employment Change at 1.15 pm (GMT). If data is positive and shows further improvement in the economy we may see the price drop down further.