Binary.com Daily Market Report (10th May)
May 10, 2016 8:54 amVideo
Latest News
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
- Video market update for April 18, 2024 April 18, 2024
- Technical Analysis – WTI oil futures exit sideways move to the downside April 18, 2024
- Market Comment – US dollar on the back foot as nervousness lingers in equity markets April 18, 2024
- Hot forecast for EUR/USD on April 18, 2024 April 18, 2024
- EUR/USD and GBP/USD: Technical analysis on April 18 April 18, 2024
- Trading plan for GBP/USD on April 18. Simple tips for beginners April 18, 2024
- Trading plan for EUR/USD on April 18. Simple tips for beginners April 18, 2024
- The Fed and global instability: a double blow to American markets April 18, 2024
- Forecast for EUR/USD on April 18, 2024 April 18, 2024
- Forecast for GBP/USD on April 18, 2024 April 18, 2024
- Forecast for AUD/USD on April 18, 2024 April 18, 2024
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
- Outlook for EUR/USD on April 18. Euro has fallen into a new flat April 18, 2024
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
China Shrinking at a Slower Pace
Morning Report: 06.30 London
• This morning, the US dollar has continued its resurgence, switching the balance of power away from the yen which is struggling this morning. The dollar’s surge is being helped by oil prices dropping below $44.00 yesterday.
• The USD/JPY and other yen pairs are on the back foot, with the EUR/JPY lifting off the lows.
• The Aussie dollar is struggling through as Chinese PPI continues to slow, albeit at a more measured pace.
• Meanwhile, the dollar pairs are generally holding up well, which is an indication that the dollar’s rebound is more due to the weakening yen than any particular dollar strength. The move has at least helped the GBP/USD arrest its recent decline.
Coming up today:
• Coming up today we have FOMC member Dudley speaking at 08.15.
• UK trade goods data then follows at 09.30.
• US JOLTS job openings then follow at 15.00.
Trade Idea:
• The AUD/USD has continued to struggle as the best the Chinese can do is to contract at a slower pace than previously thought.
There could be more downside from here and a good way to play this is a LOWER trade predicting that the AUD/USD will close below 0.73 in 10 days for a potential return of 134%.
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.
Email [email protected] or skype me at bomaffiliates-karen
Related Posts: