Binary.com Daily Market Report (31st Dec)

Markets head to 2014 with whimper Morning Report: 07.15 London • As we head to 2014, markets appear to be easing back early. Stock markets are unchanged and holding gains for late January. • Commodities are seeing the biggest movement, with silver down 0.46%, while gold is up 0.32%.   • The Australasian pairs are performing […]

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Binary.com Daily Market Report (30th Dec)

Dollar pairs fall back as New Year beckons Morning Report: 07.15 London • This morning, the dollar pairs are falling back as traders pull back on the risk throttle. The AUD/USD is the biggest faller, down 0.20%.   • Commodities are also feeling the pinch with Silver and Gold giving up most of last week’s […]

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Binary.com Daily Market Report (27th Dec)

Stocks stall while dollar sinks Morning Report: 07.15 London • In this small window between Christmas and New Year, markets are showing some movement. While stock markets are unchanged, the dollar index is falling heavily.  • The dollar pairs are capitalising, with commodities are seeing the biggest movements. Silver continues to recover well, while […]

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Binary.com Daily Market Report (23rd Dec)

Pound nudges ahead in quiet trading Morning Report: 08.30 London • As is typical of most pre Christmas trading, markets appear to be winding down with significant movement to speak of. Stock markets have continued their bull run, with the S&P 500 posting another small gain this morning.     • The pound is also continuing to perform well, […]

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Binary.com Daily Market Report (20th Dec)

Festive Cheer as Gold Rebounds Morning Report: 08.30 London • This morning, the dollar index is still dominated market movements, with the yen pairs continuing their ascent.    • In other dollar pairs, the EUR/USD still struggling, while in commodities, Silver is struggling in the face of dollar strength.     • This seems to matter little to […]

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Binary.com Daily Market Report (19th Dec)

Markets take stock of Fed bounce Morning Report: 09.00 London • Markets leapt higher last night after the Fed announced it would begin tapering it’s asset purchases. Of more interest to markets was the guidance that interest rates are still likely to remain around zero for the foreseeable future. Stock markets shot back towards the highs on […]

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Binary.com Daily Market Report (18th Dec)

Pound steady ahead of data deluge Morning Report: 08.45 London • This morning, markets have a slight upside edge as traders bet that the Fed won’t be doing anything about its asset purchase policy any time soon.    • The yen pairs have been the big winners as the US dollar trumps the yen. • The GBP/JPY […]

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Binary.com Daily Market Report (17th Dec)

Will the Fed kick tapering into the long grass? Morning Report: 08.15 London • This morning, markets are mixed with a whiff of positivity following last night’s speculation that the US Federal reserve may defer any tapering decisions until 2014. The S&P 500 rose sharply last night from the lows, while the the dollar index has continued […]

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Binary.com Daily Market Report (16th Dec)

China data sees markets open on back foot Morning Report: 08.15 London • Markets have opened the new week softer after Chinese manufacturing PMI came in below estimates. In addition, French manufacturing PMI disappointed, while German PMI was mixed. The S&P 500 futures opened down with heavy selling, but have since recovered the bulk of those losses.  […]

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Binary.com Daily Market Report (13th Dec.)

Kiwi gains ground Morning Report: 08.15 London • Markets have found reasons to be cheerful this morning, with the S&P 500 nudging higher and the Dollar Index dipping back. Traders are weighing up US retail sales and the budget agreements.     • The NZD/USD is seeing the biggest movement, up 0.44% after the decision to keep rates […]

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Binary.com Daily Market Report (12th Dec.)

Markets shaky after stock market tumble Morning Report: 07.15 London • The Santa Claus rally took an early hit yesterday as the S&P 500 suffered its biggest one day fall of the winter. Markets are down once again this morning, with many potential catalysts. However the prospect of a US budget deal does seem to point […]

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Binary.com Daily Market Report (11th Dec.)

Markets step off the gas Morning Report: 08.15 London • Markets have slowed down their appetite for risk taking this morning, with traders more keen to book profits than explore new angles. The S&P 500 is dropping off, while the dollar index continues its down trend.     • The yen pairs are seeing the biggest movement, […]

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Binary.com Daily Market Report (10th Dec.)

Gold gains in pre Christmas lull Morning Report: 08.15 London • Markets have entered a pre-Christmas impasse with gold the only real mover of note so far.   • The yen pairs have a slight negative bias as the US dollar index continues its down trend.      • The pound is showing some strength this morning […]

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Binary.com Daily Market Report (9th Dec.)

Yen slips but markets treading water Morning Report: 08.15 London • This morning, markets are generally waiting for further stimulus after digesting Friday’s Non Farm Payroll numbers. The early morning data has been mixed with Chinese PPI dropping again 1.4% and Australian ANZ job advertising dipping 0.8%. • The yen pairs are the biggest movers with the […]

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Binary.com Daily Market Report (6th Dec.)

Morning Report: Gold makes early lift ahead of NFP Morning Report: 08.15 London • This morning, financial markets have a slight positive bias ahead of today’s Non Farm Payroll release. Stock markets are on the rise, while gold makes early gains.      • Elsewhere, the yen pairs are on the rise reversing three days of […]

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Binary.com Daily Market Report (5th Dec.)

Markets wary ahead of tomorrow’s NFP Morning Report: 08.30 London • Financial markets have a slight negative bias this morning after a volatile session yesterday. ADP Payrolls came in above estimates, but focus is firmly on the prospect of the Fed tapering its stimulus activities and of course tomorrow’s Non Farm Payrolls.   • Gold is selling […]

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Binary.com Daily Market Report (3rd Dec.)

Yen drops further on stimulus speculation Morning Report: 08.30 London • Increased speculation over Japanese stimulus plans have helped the yen pairs push higher again this morning.The GBP/ JPY is showing particular strength on market talk of a forthcoming sovereign debt upgrade. The EUR/ GBP has continued its downwards trend as the good news  keeps coming […]

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Binary.com Daily Market Report (3rd Dec.)

Yen drops further on stimulus speculation Morning Report: 08.30 London • Increased speculation over Japanese stimulus plans have helped the yen pairs push higher again this morning.The GBP/ JPY is showing particular strength on market talk of a forthcoming sovereign debt upgrade. The EUR/ GBP has continued its downwards trend as the good news  keeps coming […]

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Binary.com Daily Market Report (2nd Dec.)

China data trumps Thanksgiving lull Morning Report: 08.30 London • This morning, stock markets are experiencing their typical post Thanksgiving lull, but strong Chinese manufacturing data is helping to keep risk assets in the black this morning. • The big winners are the Australian and New Zealand dollars, espcially after strong Australian building approvals and company operating […]

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Binary.com Daily Market Report (29th Nov)

Markets stable as US gets shopping Morning Report: 08.30 London • So far markets are playing out the Thanksgiving pattern as expected as they rise slightly following yesterday’s Thanksgiving celebrations. Today is also Black Friday, the day that markets the beginning of US Christmas shopping and early signs are that shoppers are not disappointing. Markets are […]

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Binary.com Daily Market Report (28th Nov)

Dollar pairs rally on Thanksgiving rush Morning Report: 08.30 London • US stock markets are closed for Thanksgiving today, with a half day opening tomorrow. The days before and after Thanksgiving tend to have a positive edge and this has played itself out so far with US stocks hitting new highs last night and Asian stocks […]

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Binary.com Daily Market Report (27th Nov)

Yen continues weakness Morning Report: 08.30 London • This morning, the yen has continued to weaken with the main yen pairs up around 0.35% this morning. The EUR/JPY is leading the charge, up 0.44% and the USD/JPY up 0.36%.   • Elsewhere, the Pacific currencies of the Australian and New Zealand dollars are down 0.20%, continuing their […]

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Binary.com Daily Market Report (26th Nov)

Markets keep highs in sight as Kiwi gains Morning Report: 08.30 London • This morning, markets are on the rise again as the S&P 500 keeps recent highs in its sights. The NZD/USD performing especially well so far, with the pair up 0.36%.   • The dollar pairs are generally strong, with the euro out performing the […]

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Binary.com Daily Market Report (25th Nov) – Revised

Commodity currencies hit by Iran Morning Report: 08.30 London • This morning,  commodities and the main commodity currencies are under pressure after the weekend’s Iran deal. Gold is off by around 0.78%, while the USD/CAD rallies around 0.40%. The Aussie is also under pressure.   • The yen continues to weaken, helping Japanese exporters, while the dollar […]

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Binary.com Daily Market Report (25th Nov)

The curious case of Aussie divergence Morning Report: 08.30 London • This morning,  commodities and the main commodity currencies are under pressure after the weekend’s Iran deal. Gold is off by around 0.78%, while the USD/CAD rallies around 0.40%. The Aussie is also under pressure.   • The yen continues to weaken, helping Japanese exporters, while the […]

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Binary.com Daily Market Report (22nd Nov)

The curious case of Aussie divergence Morning Report: 08.45 London • This morning, the Australian dollar (and other dollar pairs) have continued their divergence against the S&P 500. This is noteworthy because until recent times, the Aussie was seen as a risk proxy that would rise as stock markets rose and vice versa. However, recently, this […]

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Binary.com Daily Market Report (21st Nov)

Yen slips on Bank of Japan meet Morning Report: 08.45 London • This morning, the Japanese yen is coming under pressure after the early morning Bank of Japan meeting and following press conference. The BOJ maintained their two year asset purchase program, helping the USD/JPY hit its highest level since July. The USD/JPY is up 0.69%, […]

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Binary.com Daily Market Report (20th Nov)

Aussie snap reversal on producer woes Morning Report: 08.45 London • This morning, the Australian dollar is falling back severely after the country’s largest oil & gas engineer posted poor financial result. The AUD/JPY is down 0.62%, with the AUD/USD off by 0.42%.    • The yen is performing well, with the USD/JPY off by 0.22% […]

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Binary.com Daily Market Report (19th Nov)

Aussie charges higher despite hedge fund warning Morning Report: 08.45 London • This morning, the Australian dollar is leading markets higher as traders speculate on extensive market reforms to come from China. The Kiwi also performing well on the back of this move.    • Stock markets don’t share this enthusiasm, with the S&P 500 futures […]

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Binary.com Daily Market Report (18th Nov)

China reform blueprints boost Aussie Morning Report: 08.45 London • This morning, the Australian dollar is the early mover after a positive reaction to China’s reform blueprint. The NZD/USD has caught the best wind here, up 0.53%.    • It’s not a universally positive start to the day though as stock markets trade lower slightly and […]

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