US On Stable Ground


Morning Report: 07.00 London

• This morning, world markets are stable after a reassuring set of economic figures from the US last night. The US dollar is down slightly this morning, but the USD/JPY is continuing its downside trajectory.

                    

                    

• Both the euro and the pound are pushing higher against the dollar as the risk-off pressure eases.

                   
        

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The New Zealand dollar continues to perform well, but the Australian dollar remains weighed down by the recent credit rating downgrade.

                   


                   


                   

Coming up today:

•  Coming up today, we have the month’s main ticket – US Non farm employment change at 13.30.
•  At the same time we get US unemployment numbers and average hourly earnings.
•  Corresponding Canadian data is released at the same time.

Trade Idea:

• The NZD/USD seems far removed from the Brexit problems and is putting some good sessions together. Further upside could be ahead.
   
                       

A good way to play this is a HIGHER trade predicting that the NZD/USD will close above 0.7300 in 14 days time for a potential return of 115%.


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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