• Range bound trading persists across financial markets. Both the S&P 500 and dollar index remain within trading ranges with both still within touching distance of the highs.
• Elsewhere, the NZD/USD is flying high, outpacing the Australian dollar after poor Chinese CPI and PPI data.
• Gold is slowly rising after Monday’s heavy selling.
• The yen pairs are generally on the rise, with the GBP/JPY showing some out performance.
• The euro is under performing slightly as the EUR/GBP remains within touching distance of the lows.
Coming up today: • Coming up today we have UK manufacturing production at 09.30, with industrial production released at the same time. NIESR GDP estimate follows at 15.00.
• FOMC member Lacker speaks at 13.20, following by US JOLTS job openings at 15.00. Trade Idea:
• The euro is heading for a tough week which might see the recent lows challenged.
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.
Kiwi Out Performing
Morning Report: 8.30 London
• Range bound trading persists across financial markets. Both the S&P 500 and dollar index remain within trading ranges with both still within touching distance of the highs.
• Elsewhere, the NZD/USD is flying high, outpacing the Australian dollar after poor Chinese CPI and PPI data.
• Gold is slowly rising after Monday’s heavy selling.
• The yen pairs are generally on the rise, with the GBP/JPY showing some out performance.
• The euro is under performing slightly as the EUR/GBP remains within touching distance of the lows.
Coming up today:
• Coming up today we have UK manufacturing production at 09.30, with industrial production released at the same time. NIESR GDP estimate follows at 15.00.
• FOMC member Lacker speaks at 13.20, following by US JOLTS job openings at 15.00.
Trade Idea:
• The euro is heading for a tough week which might see the recent lows challenged.
A good way to play this might be a LOWER trade predicting that the EUR/GBP will close lower than 0.7400 in 7 days time for a potential return of 146%.
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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