Morning Report: 07.00 London • This morning, the Australian dollar is performing well as the country heads back towards political certainty as a government under the leadership of Malcolm Turnbull. The AUD/USD is on the rise.
• Elsewhere, the British pound is performing better, largely as a result of investors getting used to the new reality of Brexit.
• There is a general sense of confidence returning, with the dollar index falling and the USD/JPY holding at the lows.
Coming up today:
• Coming up today we have Halifax PMI at 08.30, followed by manufacturing production at 09.30. • Following this, we have the release of the ECB monetary policy meeting accounts. • From 13.15 we switch to the US for ADP non-farm employment change. • Following this, we get US unemployment and Canadian building permits at 13.30. • At 15.00, we have Canadian Ivey PMI. • US crude oil inventories are released at 16.00. Trade Idea:
• The Australian dollar is performing well this morning but is underperforming the Australian dollar as pricesrebound.
• On a longer term viewpoint through, we could well see further pound weakness, especially against a resurgent Australian dollar.
Disclaimer: This financial market report is intended for educational and information purposes only. It should not be construed as investment or financial advice and you should not rely on any of its content to make or refrain from making any investment decisions. The views expressed in this report are those of the author and do not necessarily reflect the views or position of Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Binary options trading may incur losses as well as gains.
Aussie Rallies on Political Resolution
Morning Report: 07.00 London
• This morning, the Australian dollar is performing well as the country heads back towards political certainty as a government under the leadership of Malcolm Turnbull. The AUD/USD is on the rise.
• Elsewhere, the British pound is performing better, largely as a result of investors getting used to the new reality of Brexit.
• There is a general sense of confidence returning, with the dollar index falling and the USD/JPY holding at the lows.
Coming up today:
• Coming up today we have Halifax PMI at 08.30, followed by manufacturing production at 09.30.
• Following this, we have the release of the ECB monetary policy meeting accounts.
• From 13.15 we switch to the US for ADP non-farm employment change.
• Following this, we get US unemployment and Canadian building permits at 13.30.
• At 15.00, we have Canadian Ivey PMI.
• US crude oil inventories are released at 16.00.
Trade Idea:
• The Australian dollar is performing well this morning but is underperforming the Australian dollar as prices rebound.
• On a longer term viewpoint through, we could well see further pound weakness, especially against a resurgent Australian dollar.
A good way to play this is a LOWER trade predicting that the GBP/AUD will close below 1.70 in 35 days for a potential return of 178%.
Disclaimer: This financial market report is intended for educational and information purposes only. It should not be construed as investment or financial advice and you should not rely on any of its content to make or refrain from making any investment decisions. The views expressed in this report are those of the author and do not necessarily reflect the views or position of Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Binary options trading may incur losses as well as gains.
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