Aussie Advance Held By China

Morning Report: 08:30 London

• This morning, the Australian dollar is pushing higher after better than expected Aussie employment data. Gains here and across the board are held in check however by Chinese import and export data contracting in March.
         

• Stock markets are holding firm after a strong showing yesterday, while the dollar index continues to contract.                                                                                                                                                                                                                    

• The yen pairs are still peeling back as the prospect of further stimulus diminishes.                    
                                                                                                                                     
                              
                               
                                

                                

• Commodities are stronger, though neither precious metal has put in much of a trend of late.


                                

Coming up today:
• Coming up today we have the ECB monthly bulletin at 09.00.
• The main ticket is the UK rate statement and updated on the asset purchase facility.
• From 13.30, we have US unemployment claims and import prices.
• Running through the background we have G20 and G7 meetings throughout the day.

Trade Idea:
• The GBP/USD is sitting right at the highs, but has the potential to push higher as the UK’s growth prospects improve.

                                

A good way to play this is a HIGHER trade predicting that the GBP/USD will close above 1.6800 in 4 days time for a potential return of 116%.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: