Stocks Around the Globe Continue to Dive Today,06th June, 2013

USD

We have seen a lot of bullishness for the greenback in previous trading days. However, the U.S. dollar is in low demand at the moment. This is as there is a lot of positive sentiment in the forex market. What we have seen a lot of as of late in the forex market acts very different from the commodities or even the stock market. The dollar has dived versus the pound and a number of other currencies today.

EUR

The euro was much stronger a few hours ago, but the EUR is still upholding its value to a certain extent. The most impressive gains have been made versus the dollar in the latest round of trading. However, it is important to note that the dollar is so weak anyway. Traders feel that the euro could build on its current gains later.

JPY

The yen has been weaker since the commencement of today’s trading session. There was also a lot of ground versus the Swiss franc and the U.S. dollar. However, there are signs starting to show the U.S. currency make a comeback. Therefore, traders will really need to stay ahead of economic events while they are trading the yen is in the next few hours of trading.
STOCKS:

U.S. stocks took a big beating for the second trading day in a row. U.S. data just has not been good enough. Therefore, financial traders have taken the opportunity to go short on some of the most popular U.S. stocks. However, the news has not been exclusive to U.S. stocks. For example, European stocks have also been affected by the release of much weak economic data as of late.
The Dow Jones slumped during Wednesday’s trading session. Investors were not in the mood to take risks when it came to indexes on Wall Street, as there are just too many risks at the moment. The same is true for equities.
There will be unemployment data from the U.S. later, so make sure you follow this while trading the Dow Jones.

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COMMODITIES:

Crude Oil

Traders have sold the crude oil binary option in the past few hours of trading, as they just do not have the appetite when it comes to energies. This is in spite of the commodity make impressive gains yesterday. In addition, the fact is that prices are lightly overvalued, so investors have this in mind. As a result, you will need to be cautious while trading the crude oil binary option throughout today’s session. Crude may only make a comeback if the U.S. manages to publish positive economic figures.