• Markets are on a stable footing this morning after Chinese inflation data came in above expectations this morning. In addition, better than expected Australian employment data is helping to push the Aussie pairs higher, especially the AUD/JPY.
• The NZD/USD is also on the rise but will have to go some way to make good yesterday’s losses after the RBNZ opted to cut rates down to 2.75%.
• The yen pairs are on the rise once again as the dollar continues to build momentum ahead of next week’s key FOMC decision.
Coming up today:
• Coming up today, we have the UK MPC bank vote, with no change expected.
• Following this we have US unemployment claims at 13.30.
Trade Idea:
• The USD/JPY is showing some impressive consistency at the moment, but pair could sky rocket if the FOMC opts to raise rates next week as expected.
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.
Chinese Inflation Boosts Aussie
Morning Report: 08.45 London
• Markets are on a stable footing this morning after Chinese inflation data came in above expectations this morning. In addition, better than expected Australian employment data is helping to push the Aussie pairs higher, especially the AUD/JPY.
• The NZD/USD is also on the rise but will have to go some way to make good yesterday’s losses after the RBNZ opted to cut rates down to 2.75%.
• The yen pairs are on the rise once again as the dollar continues to build momentum ahead of next week’s key FOMC decision.
Coming up today:
• Coming up today, we have the UK MPC bank vote, with no change expected.
• Following this we have US unemployment claims at 13.30.
Trade Idea:
• The USD/JPY is showing some impressive consistency at the moment, but pair could sky rocket if the FOMC opts to raise rates next week as expected.
A good way to play this is a HIGHER trade predicting that the USD/ JPY will close above 122.00 in 12 days time for a potential return of 157%.
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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