Currencies

• The euro (EUR) remained range bound around 1.3665 after moving higher last week on weak US jobs growth. The single currency has found temporary support around 1.3637.

• The US dollar (USD) climbed from its two week low at 103.90 all the way up to 105.00 against the Japanese Yen (JPY). The pair is heading towards higher highs and looking ahead the FOMC meeting minutes will take place today at 19:00 GMT.

Equities

• Wall Street was bearish at the start of the week with US equities lower. The US 500 (SPI) fell from 1839 to 1810 amid thin trading yesterday.

Commodities

• WTI crude (OIL) remains bearish overall trading at 92.07 dollars per barrel. Oil prices have twice tested support at 91.20 indicating a potential retreat in energy prices.

Mover & Shaker with FX Options

• Gold (XAU) continues its bullish run finding higher highs along the way. The precious metal, currently trading at 1252 dollars per troy ounce may look for further upside should US data releases continue to disappoint.

• Options traders may consider constructing a Bull Call Spread on Gold and capture any possible upside potential in the coming days.

• A bull call spread can be constructed by purchasing an in-the-money Call and selling out an out-of-the-money Call on gold.