Binary.com Daily Market Report (15th Dec)

Oil Hits Crisis Lows as Eyes on Fed Morning Report: 06.30 London • This morning, markets are still absorbing the impact of oil prices hitting a seven year low, while traders await tomorrow’s FOMC meeting results.             • The US dollar continues to back off, along with the USD/JPY as markets expect […]

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Binary.com Daily Market Report (14th Dec)

Markets Eye Wednesday Fed Morning Report: 06.30 London • Everything coming before this Wednesday’s Fed meeting is likely to be overshadowed, as the Fed prepares to raise interest rates for the first time since the financial crisis. Expectations are for just a 0.25% rise, but there is still an outside chance of no change whatsoever. As […]

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Binary.com Daily Market Report (11th Dec)

Oil Dribbles Below $40 Morning Report: 06.30 London • This morning, the dollar has regained some of its previous poise, though like the USD/JPY, remains largely range bound.             • Oil prices remain under pressure as OPEC inaction combines with slowing demand in China. • Commodity currencies are performing relatively well though, the […]

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Binary.com Daily Market Report (10th Dec)

Dollar Tumbles as ECB Takes Hard Line Morning Report: 06.30 London • The US Dollar experienced broad selling yesterday as the ECB issued a firm rebuttal to critics, stating that “the ECB cannot will not let itself be pushed by the markets”. Markets took this as a sign that that ECB may hold off on further […]

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Binary.com Daily Market Report (9th Dec)

Aussie Struggles as Commodities in Turmoil Morning Report: 06.30 London • Commodity currencies remain under pressure this morning as oil prices dipped below $40, while other commodities feel the pinch. The Australian Dollar has halted its recent bull run, while the Canadian Dollar continues to struggle. Better than expected Chinese CPI helped lift the gloom slightly.  […]

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Binary.com Daily Market Report (8th Dec)

Oil Hits 7 Year Low Morning Report: 06.30 London • This morning, commodities and commodity currencies continue to come under pressure as oil prices hit seven year lows overnight. In its latest meeting, OPEC failed to reach an agreement on how to combat the current oil glut, putting to bed thoughts that oil producers could come […]

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Binary.com Daily Market Report (7th Dec)

Fed Urged to Stay Course Morning Report: 06.30 London • This morning sees a continued push to reverse the impact of the ECB’s surprising reserve from last Thursday. The Euro is pulling back slightly again, while the Dollar index builds for the second straight day.             • The Australian and New Zealand Dollars […]

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Binary.com Daily Market Report (4th Dec)

Euro Extends Historic Rally Morning Report: 06.15 London • The Euro staged its second largest rally in history yesterday against the US Dollar, with extended gains again this morning. Markets were expecting more from Mario Draghi and were betting on the ECB president bringing out the big guns to combat eurozone deflation. Instead, he announced rate […]

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Binary.com Daily Market Report (3rd Dec)

All Eyes on ECB Morning Report: 06.15 London • The Euro is slightly on the back foot this morning ahead of the big ECB meeting after midday. Headline rates are expected to stay at 0.05%, but a Quantitative Easing extension could be on the cards.                        […]

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Binary.com Daily Market Report (2st Dec)

Dollar Readies For ADP Payrolls Morning Report: 06.15 London • Hopes are high for strong US jobs data in today’s ADP payrolls ahead of Friday’s Non Farm Payrolls. The US Dollar came under pressure these last two days, but is nudging higher again today with an ADP gain of 191k expected.            […]

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Binary.com Daily Market Report (1st Dec)

Chinese Manufacturing (Mostly) In Line Morning Report: 06.15 London • This morning, the Australian Dollar is flying high after mostly in line Chinese Manufacturing data, with Australian rates staying unchanged at 2.00%. The NZD/USD is following the Aussie higher.                        • Elsewhere, the Euro is under performing […]

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Binary.com Daily Market Report (30th Nov)

Kiwi Leads Despite Dollar Domination Morning Report: 06.15 London • This morning, the NZD/USD the leading gainer on a slow Monday after New Zealand ANZ business confidence came in above expectations. The Australian Dollar is riding on the move’s coat tails, helped by strong company operating profits.                    […]

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Binary.com Daily Market Report (27th Nov)

Strong US Data Fails to Lift Dollar Morning Report: 06.15 London • The day after Thanksgiving traditionally has a positive bias, but so far markets are as sluggish with many markets participants taking an extended break. The US dollar index has moved higher over night, but is so far unmoved today.            […]

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Binary.com Daily Market Report (26th Nov)

Euro Slips Lower Morning Report: 06.15 London • This morning, markets have a slight negative bias this morning as US markets close for Thanksgiving. The US Dollar is unchanged, but maintaining its position at the highs, while the Euro continues to slip lower.                        • The Australian […]

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Binary.com Daily Market Report (24th Nov)

Markets Eye Thanksgiving Bias Morning Report: 06.15 London • This morning, the US Dollar is on the back foot as markets eye the generally positive bias in the lead up to Thanksgiving. The Dollar index has a slight negative edge, while the Euro holds firm at the lows.                  […]

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Binary.com Daily Market Report (23th Nov)

Dollar Back In Driving Seat Morning Report: 06.15 London • This morning, the US Dollar is once again in command of FX flows, with the US Dollar index heading back towards the November highs and Dollar pairs suffering.                        • The big losers so far have been […]

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Binary.com Daily Market Report (20th Nov)

Strong US Data Fails to Lift Dollar Morning Report: 06.15 London • This morning, the US dollar is still in neutral mode and selling off yesterday despite better than expected Philly Fed data and inline unemployment claims. It seems to be more of a case of markets adjusting after Monday’s safe haven move.       […]

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Binary.com Daily Market Report (19th Nov)

Fed to Hike in December…With Caveats Morning Report: 06.15 London • Central banks were the focus yesterday and will continue to be today with the release of the minutes from the last ECB meeting. The FOMC kept up the chance of a December rate hike, but there is a considerable caveat in this in wanting to […]

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Binary.com Daily Market Report (18th Nov)

Markets Eye Fed Minutes Morning Report: 06.15 London • This morning markets are mixed and buffeted by various cross winds ahead of the released of the minutes from the last Fed meetings. The Euro is showing a modicum of strength after further selling yesterday. Stock markets may have staged a so called ‘patriot’ rally, but forex […]

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Binary.com Daily Market Report (17th Nov)

Markets Quick to Find Their Feet Morning Report: 06.15 London • Monday’s early risk-off reaction has been reversed across most world markets, with follow on buying through this morning. The Dollar index is back to test last week’s highs, while the USD/JPY saw a large buying spike.                    […]

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Binary.com Daily Market Report (16th Nov)

Markets Beat Retreat On Paris Attack Morning Report: 06.15 London • Following the horrific attacks in Paris on Friday night, markets generally gapped lower, but the selling pressure has been controllable with a recovery setting in as we move through the morning. The dollar index is in demand, but the Japanese yen has been the safe […]

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Binary.com Daily Market Report (13th Nov)

Commodities Plunge (again) Morning Report: 06.15 London • This morning, commodities are under pressure once again as oil slips to multi-month lows, while gold slips to its fourth straight day of losses.                         • The Dollar index has been under some pressure this morning, with small counter […]

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Binary.com Daily Market Report (12th Nov)

Aussie Rallies On Employment Boost Morning Report: 06.15 London • This morning, markets are mixed, with the Dollar index nipping back for another day.                               • The Australian Dollar is out performing, following an impressive set of employment figures this morning. Employment change […]

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Binary.com Daily Market Report (11th Nov)

Markets Shrug Off Poor Chinese Industrial Production Morning Report: 06.30 London • Markets remain relatively tight despite below par Chinese industrial production figures this morning. Retail sales did come in above expectations, but it does speak of the current market mood that such a miss can pass without serious reactions. The general theme for today is […]

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Binary.com Daily Market Report (10th Nov)

China Inflation Retreats Morning Report: 06.15 London • This morning, markets appear to be readying for winter hibernation judging by the level of inactivity this morning so far. After Friday’s NFP inspired moves, there is an air of caution across markets today. Even below expectation Chinese CPI is barely causing a ripple so far, especially in […]

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Binary.com Daily Market Report (9th Nov)

Dollar Faces Small Counter Rally Morning Report: 06.30 London • This morning, markets are peeling back a small portion of Friday’s NFP inspired dollar rally. The end of last week saw the release of better than expected US non-farm employment change, an event that underlined the Fed’s hawkish stance and probable interest rate hike in December. […]

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Binary.com Daily Market Report (6th Nov)

Pound Wobbles on Dovish MPC Morning Report: 06.30 London • This morning, markets are steady ahead of today’s Non Farm Payroll data. The dollar index remains at the highs, reflecting the general perception that we could see some strong data that underlines the Fed’s more bullish stance on rates. • By contrast, the Bank of England took […]

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Binary.com Daily Market Report (5th Nov)

December Rate Hike On Table Morning Report: 06.30 London • This morning, markets are stable after Fed Chairman Yellen upset the apple cart yesterday by reaffirming the idea of a December rate hike. Markets reacted in predictable fashion, with equities hitting reverse gear and the Dollar index firing back to life. • The Dollar pairs are quiet […]

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Binary.com Daily Market Report (4th Nov)

Chinese PMI Reassures Morning Report: 06.30 London • Despite Premier Xi officially lowering growth targets, China has offered some reassurance this morning. Chinese Caixin services PMI came in above expectations, while Australian trade balance (Often seen as a China proxy) expanded less than expected. The Aussie Dollar is bidding higher as a result. • By contrast, the […]

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Binary.com Daily Market Report (3rd Nov)

RBA Holds Steady Morning Report: 06.30 London • This morning, the Australian Dollar is out performing its peers after the RBA opted to keep rates on hold at 2% against an outside chance of another cut. The Australian Dollar is performing well across the board, as the Dollar backs off. • Elsewhere, the USD/JPY is slipping back […]

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