Binary.com Daily Market Report (6th Nov)
November 6, 2013 8:49 amVideo
Latest News
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
- USD/JPY: trading tips for beginners for European session on April 26 April 26, 2024
- GBP/USD: trading tips for beginners for European session on April 26 April 26, 2024
- EUR/USD: trading tips for beginners for European session on April 26 April 26, 2024
Markets conservative ahead of FOMC
Morning Report: 08.45 London
• Markets are cautious today ahead of a very busy Thursday and Friday which include US Non Farm Payrolls and the ECB statement. The S&P 500 typifies this indecision, with the benchmark stuck in a tight range.
• On currency markets, the NZD/ USD continues to lead after positive economic data last night.
• The euro is also recovering yesterday’s losses, though this move is more about dollar index weakness.
Coming up today:
• Coming up today we have UK manufacturing production at 09.30, with a gain of 1.2% expected. GDP estimates are released at 15.00.
• Canadian building permits and Ivey PMI follow at 13.30 and 15.00.
Trade Idea:
• Coming the close on Friday, markets are highly unlikely to still be within the confines of this tight trading range. The primary to pair to focus on could be the AUD/ JPY as a favourite risk barometer for many traders.
• In IN/ OUT trade predicting that the AUD/ JPY will close outside of 94.50 and 92.75 could return 130% if successful.
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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