Read the Daily Market Report from Dave Evans, Professional Trader
Yen dictating early trading
Morning Report: 08.00 London
• This morning, the Japanese yen is leading the early movements on currency markets with all the major yen pairs down so far today. The USD/ JPY is down by 0.28% with the AUD/ JPY the standout mover, down 0.51%.
• The dollar pairs are so far seeing less movement with the AUD/USD the stand out pair, down 0.19%. The euro is relatively quiet so far, with the EUR/USD down just 0.15%.
Coming up today we have European CPI data from 10.00 with no change expected.US retail sales follow at 13.0 with Empire state manufacturing at 13.30. Business inventories follow at 15.00.
Bet Idea: The dollar index is recovering slightly today after Friday’s big fall. The dollar is still in overbought territory though which could lead to some reversals in key dollar pairs. A good candidate could be the EUR/USD. Although there are still many landlines to avoid on the political front, from a technical perspective, there does seem to be support building at current levels..
Yen dictating early trading
Morning Report: 08.00 London
• This morning, the Japanese yen is leading the early movements on currency markets with all the major yen pairs down so far today. The USD/ JPY is down by 0.28% with the AUD/ JPY the standout mover, down 0.51%.
Click here to view full-sized image
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• The dollar pairs are so far seeing less movement with the AUD/USD the stand out pair, down 0.19%. The euro is relatively quiet so far, with the EUR/USD down just 0.15%.
Click here to view full-sized image
Coming
up today:
Coming up today we have European CPI data from 10.00 with no change expected.US retail sales follow at 13.0 with Empire state manufacturing at 13.30. Business inventories follow at 15.00.
Bet Idea: The dollar index is recovering slightly today after Friday’s big fall. The dollar is still in overbought territory though which could lead to some reversals in key dollar pairs. A good candidate could be the EUR/USD. Although there are still many landlines to avoid on the political front, from a technical perspective, there does seem to be support building at current levels..
Click here to view full-sized image
Bet Idea: <
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A good way to play this might be a HIGHER trade
predicting that the EUR/ USD closes above 1.2275 in 7 days time for a potential return of 132%
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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Summary:
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