Binary.com Daily Market Report (7th May)
May 7, 2014 8:47 amVideo
Latest News
- Market Comment – Sentiment sours after strong US PMIs; stocks slip, dollar climbs May 24, 2024
- Technical Analysis – AUDUSD outlook turns neutral again May 24, 2024
- EUR/USD and GBP/USD: Technical analysis on May 24 May 24, 2024
- Trading plan for GBP/USD on May 24. Simple tips for beginners May 24, 2024
- Technical Analysis – WTI crude oil opens the way for bearish actions May 24, 2024
- Could developments in Iran and Saudi Arabia turn the tide for oil? – Special Report May 24, 2024
- Forecast for EUR/USD on May 24, 2024 May 24, 2024
- Forecast for GBP/USD on May 24, 2024 May 24, 2024
- Forecast for AUD/USD on May 24, 2024 May 24, 2024
- The yen may have already executed a long-term reversal. Overview of USD/JPY May 24, 2024
- Analysis of EUR/USD pair on May 23rd. Buyers make a second attempt to test the 1.0880 level May 23, 2024
- Analysis of GBP/USD pair on May 23rd. American reports saved the dollar May 23, 2024
- Forecast of EUR/USD pair on May 23, 2024 May 23, 2024
- Forecast of GBP/USD pair on May 23, 2024 May 23, 2024
- USD/JPY: Simple trading tips for novice traders on May 23rd (US session) May 23, 2024
- GBP/USD: Simple trading tips for novice traders on May 23rd (US session) May 23, 2024
- EUR/USD: Simple trading tips for novice traders on May 23rd (US session) May 23, 2024
- GBP/USD: trading plan for the US session on May 23rd (analysis of morning deals). Buyers hit resistance at 1.2760 May 23, 2024
- EUR/USD: trading plan for the US session on May 23rd (analysis of morning deals). The euro rebounded from the 1.0819 level May 23, 2024
- Technical analysis – US 500 index slips after all-time high but holds within bullish area May 23, 2024
Asia Woes Pressure Markets
Morning Report: 08:30 London
• .This morning, markets are struggling after waves of negative news from Asia. Chinese PMI slipped, while the Bank of Japan minutes offered no hope of stimulus. This morning, Europe has followed suit with German factory orders and French industrial production coming in below estimates.
• The yen pairs are the big movers as cautious trading takes hold.
• Dollar pairs are also on the back foot, as the NZD/USD recovers from yesterday’s volatility.
• Commodities are performing a little better though with silver and gold nudging higher.
Coming up today:
• Coming up today we have Canadian building permits at 13.30, released alongside US non farm productivity and unit labour costs.
• Fed Chair Yellen testifies at 15.00.
Trade Idea:
• The USD/JPY is sitting right above support and is set for three days of losses.
• When the USD/JPY catches a trend, no amount of support can hold a losing run which makes a downside bet attractive.
A good way to play this is a LOWER trade predicting that the USD/JPY will close below 101.25 in 5 days time. This could return 149% if successful.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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