Binary.com Daily Market Report (17th Oct)
October 17, 2013 9:18 amVideo
Latest News
- Outlook for EUR/USD on April 17. A boring Monday seamlessly transitioned into a boring Tuesday April 17, 2024
- Will the euro manage to save itself? April 17, 2024
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- 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
Dollar slumps as US extends and pretends
Morning Report: 08.45 London
• This morning, the US dollar is selling off heavily after last night’s US debt deal which merely say the deadline extended and borrowing carried over until February. Stock markets shot higher last night, but there is a general tone of risk aversion this morning.
• The USD/JPY is the biggest mover as the strengthening yen meets a weaker dollar.
• Gold is also performing well, helped primarily helped by the dollar backing off.
• Other dollar pairs are following suit, with the EUR/USD and GBP/USD up 0.68%.
• The Australian dollar is lagging though after PIMCO advising that Aussie rates could remain lower for longer.
Coming up today:
• Coming up today, we have UK retail sales at 09.30.
• US unemployment claims follow at 13.30, with the Philly Fed Manufacturing index at 15.00.
Trade Idea:
• This morning, the USD/JPY has dropped heavily, but in recent weeks, it’s been rare that a sell day has been following by another sell day.
A good way to trade this could be a HIGHER trade predicting that the USD/JPY will close above 98.50 in 2 days time could return 201%.
This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.
Summary:
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