EUR Trading Outlook (05-03-2013)
- WTI Crude (OIL) dropped to 90.36, a two month low, as it consolidates earlier gains and moves into completing a two year pennant formation.
- The US 500 (SPI), which tracks the top 500 US corporations, dropped to 1507, after touching 1518, in an indication that the Bullish sentiment may continue in US stocks.
- Weekly option volatilities for the EURUSD rose slightly from 10.80 to 11.15 as investors’ fear returns and option premiums rise.
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