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Yen pushes back after strong industrial activity Morning Report: 08.30 London
• This morning, the yen pairs a selling off as the yen rises in response to better than expected industrial activity and comments from BoK governor Kuroda. The EUR/JPY is the biggest seller, off by 0.75%.
•Overall, the euro is looking weak this morning with an informal meeting of European economic finance ministers in Ireland today and talk of Portugal’s repayment schedules having to be amended.
• The main item of note this morning is European industrial production, due at 10.00 .
•From midday we have a busy economic calendar from the US, with retail sales & PPI at 13.30, followed by UoM consumer sentiment at 14:55. Fed chairman Bernanke speaks at 17.30.
•We also have the Eurogroup meetings and ECOFIN meetings.
Bet Idea:
• The recent US stock market rally is looking over stretched both in its length of time and magnitude. Yet, underlying breadth readings are still looking strong, with no obvious signs of over speculation. This could change as we head in to May, but there could still be some upside over the next 10 days.
Yen pushes back after strong industrial activity
Morning Report: 08.30 London
• This morning, the yen pairs a selling off as the yen rises in response to better than expected industrial activity and comments from BoK governor Kuroda. The EUR/JPY is the biggest seller, off by 0.75%.
Click here to view full-sized image
Click here to view full-sized image
• Overall, the euro is looking weak this morning with an informal meeting of European economic finance ministers in Ireland today and talk of Portugal’s repayment schedules having to be amended.
Click here to view full-sized image
Click here to view full-sized image
Coming up today:
• The main item of note this morning is European industrial production, due at 10.00
.
• From midday we have a busy economic calendar from the US, with retail sales & PPI at 13.30, followed by UoM consumer sentiment at 14:55. Fed chairman Bernanke speaks at 17.30.
• We also have the Eurogroup meetings and ECOFIN meetings.
Bet Idea:
• The recent US stock market rally is looking over stretched both in its length of time and magnitude. Yet, underlying breadth readings are still looking strong, with no obvious signs of over speculation. This could change as we head in to May, but there could still be some upside over the next 10
days.
Click here to view full-sized image
• A good way to play this could be on the NZD/USD which itself has been on quite a run, but with potentially more room to push higher.
• A HIGHER trade predicting that the NZD/USD will close above 0.8650 in 10 days time could return 145% if successfu
l.
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This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary
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