1Select the asset you want to trade
2Click on “CALL” if you think the price will rise above the current rate at the time of expiry, or click “PUT” if you think the price will fall below the current rate at the time of expiry
3Enter the amount you would like to invest and "Apply"
4Get up to maximum 85% profit.
OVERVIEW August 21st
Wall-Street suffered its worst day in recent memory, marking a 3rd straight day of loses. The S&P500 shed 2.1%, reaching a 5 month low while heading below its 200 day moving average. The DOW (-2%) and the NASDAQ (-2.8%) descended sharply as well, adding to the already grim day.
Looking for a safe haven, investors are turning to Gold, as the precious metal continues its renaissance after spending weeks in a bear market. Gold prices surpassed 1080$ yesterday, marking a climb of over 7% from its long time low reached less than a fortnight ago. Meanwhile, Oil prices continue to slump, reaching another 6 year low below 41$ for Crude Oil yesterday.
The USD is having a hard time these days as well, as its index descended over 1.5$ or 1.6% against its major peers. The EUR continues to dominate the Greenback, and the EUR/USD pair traded around 1.115 yesterday, breaking 1.12 during Asian trade this morning and reaching 1.128, its highest point in almost 2 months. The latest trouble in China along with slower than expected US growth could hold the FED back from raising its rate in September like most investors expected, and the USD could pay the price in the short term.
07:30 – EUR: German Manufacturing PMI.
12:30 – CAD: Core CPI.
13:45 – USD: Manufacturing PMI.