• You can take your pick as to the catalyst for yesterday’s sell-off, with many items to chose from. ISIS, Ebola and a slowing Eurozone are all factors in the change of mood since mid September. Ultimately, markets were running hot going into September and the current sell-off is a return to fairer value. Quite how far markets will fall is unclear right now.
• The S&P 500 is back on the rise this morning, but the damage was done in yesterday’s sell off. The dollar index is pausing after recovering some of its ground yesterday.
• Precious metals are seeing the biggest movement so far, with both gold and silver threatening to slump from short term over bought conditions.
• The yen pairs have continued to slip lower despite the renewed dollar strength.
Coming up today:
• Coming up today we have UK trade balance at 09.30.
• This is followed by Canadian employment change and the latest unemployment figures at 13.30.
• At 14.00, we have FOMC member Plosser speaking, admin a backgr0und of IMF meetings and G20 meetings. Trade Idea:
A good way to play this is a LOWER trade predicting that the AUD/JPY will close below 94.25 in 7 days time for a potential return 153%.
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Global Fears Drive Markets Lower
Morning Report: 09.00 London
• You can take your pick as to the catalyst for yesterday’s sell-off, with many items to chose from. ISIS, Ebola and a slowing Eurozone are all factors in the change of mood since mid September. Ultimately, markets were running hot going into September and the current sell-off is a return to fairer value. Quite how far markets will fall is unclear right now.
• The S&P 500 is back on the rise this morning, but the damage was done in yesterday’s sell off. The dollar index is pausing after recovering some of its ground yesterday.
• Precious metals are seeing the biggest movement so far, with both gold and silver threatening to slump from short term over bought conditions.
• The yen pairs have continued to slip lower despite the renewed dollar strength.
Coming up today:
• Coming up today we have UK trade balance at 09.30.
• This is followed by Canadian employment change and the latest unemployment figures at 13.30.
• At 14.00, we have FOMC member Plosser speaking, admin a backgr0und of IMF meetings and G20 meetings.
Trade Idea:
A good way to play this is a LOWER trade predicting that the AUD/JPY will close below 94.25 in 7 days time for a potential return 153%.
A good way to play this is a LOWER trade predicting that the USD/JPY will close below 107.25 in 5 days time for a potential return of 200%.
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Summary:
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