• This morning, financial markets are starting to rebuild after heavy selling yesterday. The S&P 500 sold off into the close, but is making good around a quarter of those losses this morning. The dollar index gapped lower, but is now back to break even.
• The NZD/USD continues to be the big mover after late night moves on the back the rate statement. The AUD/USD is trading lower however despite betting than expected employment data.
• The yen pairs are generally pushing higher after three days of selling, with the EUR/JPY the pick of the bunch.
• Gold is also peeling back as the dollar index regains some of its poise.
Coming up today: • Coming up today we have the ECB’s targeted LTRO operation values at 10.15.
• This is followed by Bank of Canada governor Poloz speaking at 13.00.
• Following this we have US retail sales and unemployment claims at 13.30.
• Business inventories follow at 15.00. Trade Idea:
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.
Markets Rebuild After Heavy Selling
Morning Report: 9.00 London
• This morning, financial markets are starting to rebuild after heavy selling yesterday. The S&P 500 sold off into the close, but is making good around a quarter of those losses this morning. The dollar index gapped lower, but is now back to break even.
• The NZD/USD continues to be the big mover after late night moves on the back the rate statement. The AUD/USD is trading lower however despite betting than expected employment data.
• The yen pairs are generally pushing higher after three days of selling, with the EUR/JPY the pick of the bunch.
• Gold is also peeling back as the dollar index regains some of its poise.
Coming up today:
• Coming up today we have the ECB’s targeted LTRO operation values at 10.15.
• This is followed by Bank of Canada governor Poloz speaking at 13.00.
• Following this we have US retail sales and unemployment claims at 13.30.
• Business inventories follow at 15.00.
Trade Idea:
• The AUD/USD has struggled in the last couple of days even with the release of reasonable economic data. If the dollar index can regain its poise, there’s further downside here for the Aussie.
A good way to play this is a LOWER trade predicting that the AUD/USD will close below 0.8275 in 7 days time for a potential return of 125%.
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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