Binary.com Daily Market Report (17th Jun)
June 17, 2016 8:18 amVideo
Latest News
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
- Technical Analysis – GBPUSD pulls back into the negative zone April 16, 2024
- Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch April 16, 2024
- Technical Analysis – AUDUSD breaks the lower bound of a sideways range April 16, 2024
- Video market update for April 16, 2024 April 16, 2024
- Hot forecast for EUR/USD on April 16, 2024 April 16, 2024
- Technical Analysis – EURUSD dives further near 1.0600 April 16, 2024
- XM 2024 Ramadan Promotion Winners April 16, 2024
- EUR/USD and GBP/USD: Technical analysis on April 16 April 16, 2024
- Key events on April 16: fundamental analysis for beginners April 16, 2024
- Overview of the GBP/USD pair. April 16th. The pound may rebound, but the flat is over, and there are no reasons for growth April 16, 2024
- Trading plan for GBP/USD on April 16. Simple tips for beginners April 16, 2024
- Trading plan for EUR/USD on April 16. Simple tips for beginners April 16, 2024
Risk Appetite Returns
Morning Report: 06.30 London
• Risk appetite returned yesterday across markets, but pressure still remains. US data was mixed, but manufacturing appears to be stabilising, helping the US dollar to reverse some of yesterday’s losses.
• The Japanese yen saw a big intraday swing, with most yen pairs correcting at least half the losses experienced before 6AM. Those yen pairs are creeping lower again this morning though.
• Oil prices in particular have felt the reversal, with big losses yesterday.
• The EUR/GBP is unchanged so far after the pound reversed early losses yesterday.
Coming up today:
• Coming up today we have Canadian core CPI at 13.30, with US building permits and housing starts at the same time.
• ECB president Draghi then speaks at 16.00.
Trade Idea:
• The oil heavy USD/CAD has risen steadily this week as oil prices come off the boil. The fate of oil still remains unclear, but at least we can say that the consistent bear trend is over.
If anything, we’re more likely to see continued flip flop trading which could mean another downswing to the USD/CAD over the next 14 days.
A good way to play this is a LOWER trade predicting that the USD/CAD will close below 1.2800 in 14 days for a potential return of 150%.
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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