Binary.com Daily Market Report (23rd Jan)
January 23, 2014 9:49 amVideo
Latest News
- Analysis of EUR/USD pair on May 24, 2024 May 24, 2024
- Analysis of GBP/USD pair on May 24th. Another British report showed weakness, but who cares? May 24, 2024
- USD/JPY: Simple trading tips for novice traders on May 24th (US session) May 24, 2024
- GBP/USD: Simple trading tips for novice traders on May 24th (US session) May 24, 2024
- EUR/USD: Simple trading tips for novice traders for May 24th (US session) May 24, 2024
- GBP/USD: trading plan for the US session on May 24th (analysis of morning deals). Sellers missed 1.2700 May 24, 2024
- EUR/USD: trading plan for the US session on May 24th (analysis of morning deals). The euro is not going to give up May 24, 2024
- EUR/USD. May 24th. The bears are starting to go on the offensive May 24, 2024
- Forecast of GBP/USD pair on May 24, 2024 May 24, 2024
- Trading Signals for EUR/USD for May 24-28, 2024: sell below 1.0864 (200 EMA – 21 SMA) May 24, 2024
- Trading Signals for GOLD (XAU/USD) for May 24-28, 2024: buy above $2,333 (200 EMA – oversold) May 24, 2024
- Weekly Forex Outlook: 24/05/2024 – US PCE inflation and Eurozone CPI data enter the spotlight May 24, 2024
- Technical Analysis – Is the pause in NGAS a warning signal? May 24, 2024
- Technical Analysis – USDCAD eases slightly after bullish rally May 24, 2024
- Week Ahead – US PCE inflation and Eurozone CPI data enter the spotlight May 24, 2024
- Technical Analysis – GBPJPY continues its journey north May 24, 2024
- Video market update for May 24, 2024 May 24, 2024
- Forex forecast 05/24/2024: EUR/USD, GBP/USD, USD/CAD, Gold and Bitcoin from Sebastian Seliga May 24, 2024
- USD/JPY: trading tips for beginners for European session on May 24 May 24, 2024
- GBP/USD: trading tips for beginners for European session on May 24 May 24, 2024
China Worries Spook Markets
Morning Report: 08.45 London
• The day is still young, yet we’ve already seen a volatile session across Asia. Chinese manufacturing data came in below estimates at 49.6, a level that in theory implies contraction.
• Commodities and commodity related currencies have been hit hard, with the AUD/JPY off by 0.79% and the AUD/USD down by 0.59%.
• This dollar weakness is having a knock on effect across other pairs, with the EUR/USD benefiting the most, up 0.45%. The USD/CAD trend has extended, while the pound’s strength continues.
Coming up today:
• Coming up today we have UK CBI realised sales.
• From 13.30 we have Canadian core retail sales and US unemployment claims.
• US existing home sales follow at 15.00.
Trade Idea:
• After a few days of positive intent, the AUD/USD down trend is back on track. This could continue for the rest of the week, making a LOWER trade attractive here.
A LOWER trade predicting that the AUD/USD closes below 0.8780 at Friday’s close could return 120%.
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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