• This morning, markets appear to be readying for winter hibernation judging by the level of inactivity this morning so far. After Friday’s NFP inspired moves, there is an air of caution across markets today. Even below expectation Chinese CPI is barely causing a ripple so far, especially in relation to the China proxy Aussie pairs.
• The euro has a slight negative edge, as markets ready for another round of ECOFIN meetings.
• Meanwhile the dollar index is holding at the highs, with the USD/JPY pushing above Friday’s closing high.
Coming up today:
• Coming up today we have FOMC member Evans speaking at 07.30.
• This is followed at US import prices at 13.30.
• European ECOFIN meetings run throughout the day.
Trade Idea:
• After an isolated spike last week, the EUR/GBP is once again slipping lower. With the dollar still in a bullish mood, the euro could see further downside while the pound maintains its position of relative strength despite an interest hike being pushed back further into 2016.
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.
China Inflation Retreats
Morning Report: 06.15 London
• This morning, markets appear to be readying for winter hibernation judging by the level of inactivity this morning so far. After Friday’s NFP inspired moves, there is an air of caution across markets today. Even below expectation Chinese CPI is barely causing a ripple so far, especially in relation to the China proxy Aussie pairs.
• The euro has a slight negative edge, as markets ready for another round of ECOFIN meetings.
• Meanwhile the dollar index is holding at the highs, with the USD/JPY pushing above Friday’s closing high.
Coming up today:
• Coming up today we have FOMC member Evans speaking at 07.30.
• This is followed at US import prices at 13.30.
• European ECOFIN meetings run throughout the day.
Trade Idea:
• After an isolated spike last week, the EUR/GBP is once again slipping lower. With the dollar still in a bullish mood, the euro could see further downside while the pound maintains its position of relative strength despite an interest hike being pushed back further into 2016.
A good way to play this is a LOWER trade predicting that the EUR/GBP will close below 0.7100 in 15 days for a potential return of 119%.
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.
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