In Line China CPI Boosts Markets

Morning Report: 09.00 London

• This morning, markets are steady after Chinese CPI came in as expected. The move has stabilised stock markets, but putting pressure on the US dollar index.
                                                                 

                               

                               

• The AUD/USD and NZD/USD are the big winners, emboldened by solid Chinese data.
                                                                                                                                                                   
                               

                               

• Elsewhere, the yen is capitalising on the dollar’s decline, with the USD/JPY off by 0.49%. Other yen pairs are following suit.
                                             
                               

• Finally after a monster rally on Friday, gold and silver are slipping back slightly this morning.

                               
                           
Coming up today:

• Coming up today we have Canadian housing starts as the only real economic item worth noting at 13.15.

Trade Idea:

• The GBP/JPY slipped back slightly recently, but this could be a good time to buy the pull back rather than looking for a full reversal. The dollar index is currently pausing, but there have been no signs of a full trend reversal just yet.

                               
                               
A good way to play this is a HIGHER trade predicting that the GBP/JPY will close above 182.00 in 7 days could return 140% if successful.

                               

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

Summary: