Binary.com Daily Market Report (3rd Mar)
March 3, 2015 9:36 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
Aussie Rate Hold Surprise
Morning Report: 06.30 London
• This morning, the Australian dollar is the big mover after the RBA unexpectedly kept rates on hold. Not only this, building approvals, current account and average earnings all impressed. The AUD/USD is up 0.68%, the NZD/USD up 0.45% and the AUD/JPY up 0.40%.
• The Aussie rally has had an impact on the dollar index which is pulling back from the highs. The S&P 500 is nipping back from the highs.
• Elsewhere, the the USD/JPY is pulling back in line with the weaker US Dollar. Other yen pairs are slipping back, though to a lesser degree.
Coming up today:
• Coming up today, we have UK Construction PMI at 09.30, followed by BOE governor Carney speaking at 10.00.
• At 13.30 we switch to North America with Canadian GDP.
Trade Idea:
• The Aussie dollar impressed today with strong economics and a decision by the RBA to keep rates on hold, but this is likely to be a stay of execution, especially with China dropping rates recently.
A good way to play this is a LOWER trade predicting that the AUD/USD will close BELOW 0.7800 in 21 days time for a potential return of 117%.
Disclaimer: This financial market report is intended for educational and information purposes only. It should not be construed as investment or financial advice and you should not rely on any of its content to make or refrain from making any investment decisions. The views expressed in this report are those of the author and do not necessarily reflect the views or position of Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Binary options trading may incur losses as well as gains.
Summary:
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