Read the Daily Market Report from Dave Evans, Professional Trader
Yen pushes higher ahead of FOMC meeting
Morning Report: 08.00 London
• Markets are looking softer this morning ahead of today’s big FOMC meeting where many are looking for a start of the third round of Quantitative Easing.
• The US dollar continues to weaken ahead of this big meeting, while the Japanese yen continues its strong run. The USD/JPY is down 0.16%, with the AUD/JPY down 0.28%.
• This morning, we have the ECB bulletin at 09.00. A 10 year UK bond auction runs throughout the day.
• At 13.30, we have US PPI figures, with unemployment claims released at the same time. •
The FOMC statement is released at 17.30, with Fed funds expected to remain the same. The big news will be around the start of a third round of Quantitative Easing. The FOMC economic projections are released at 19.00, with the press conference to follow at 19.15.
Bet Idea:
• There are no guarantees that the Fed action a new round of QE today, with some commentators indicating this might come after the US elections. Ultimately, only the Fed knows what it intends to do, but there is potential for the dollar to strengthen today if no action is forthcoming.
Click here to view full-sized image • span>The US dollar has been beaten up as the euro heads in the other direction. It might only be a short term move, but there’s potential here for the EUR/USD to drop back.
Click here to view full-sized image This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.Summary: span>
Morning Report: 08.00 London
• Markets are looking softer this morning ahead of today’s big FOMC meeting where many are looking for a start of the third round of Quantitative Easing.
• The US dollar continues to weaken ahead of this big meeting, while the Japanese yen continues its strong run. The USD/JPY is
down 0.16%, with the AUD/JPY down 0.28%.
Click here to view full-sized image
Click here to view full-sized image
Click here to view full-sized image
• The Australian dollar is the weakest currency overall this morning, with the AUD/USD down 0.13%.
Click here to view full-sized image
• The euro is looking strong by contrast, with the EUR/USD up 0.12%.
Click here to view full-sized image
Coming up today:
• This morning, we have the ECB bulletin at 09.00. A 10 year UK bond auction runs throughout the day.
• At 13.30, we have US PPI figures, with unemployment claims released at the same time.
The FOMC statement is released at 17.30, with Fed funds expected to remain the same. The big news will be around the start of a third round of Quantitative Easing. The FOMC economic projections are released at 19.00, with the press conference to follow at 19.15.
•
Bet Idea:
• There are no guarantees that the Fed action a new round of QE today, with some commentators indicating this might come after the US elections. Ultimately, only the Fed knows what it intends to do, but there is potential for the dollar to strengthen today if no action is forthcoming.
Click here to view full-sized image
•
span>The US dollar has been beaten up as the euro heads in the other direction. It might only be a short term move, but there’s potential here for the EUR/USD to drop back.
A good way to play this might be a ONE TOUCH trade predicting that the EUR/USD touches 1.2800 in 1 days time for a potential return of 107%.
Click here to view full-sized image
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.Summary:
span>
Click here to view full-sized image
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