• This morning, markets are stable after another volatile sessions in the US. The turbulence was in part sparked by warnings issued by Fed chair Janet Yellen regarding the state of the global economy. The Yen has continued to slide lower, gathering momentum as traders seek out safe harbours. The EUR/JPY in particular came in for significant selling yesterday.
• The US Dollar is unchanged this morning with a negative bias after testing the lows yesterday.
• The Australian and New Zealand Dollars are on the back foot again after a mixed session over the last week. This shows to an extent that the recent turmoil isn’t just down to worries over China.
• In this climate of uncertainty, gold continues to climb.
Coming up today:
• Today we have US unemployment claims at 13.30.
• Fed Chair Yellen testifies again at 15.00.
Trade Idea:
• During the recent volatile period, the Australian Dollar has held up relatively well. Or put another way, it has fallen in line with other currencies, rather than dropping alone like a stone.
• Should the recent negative patch turn or at least stabilise, the Aussie could be one of the springier currencies.
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.
Yellen’s Warning
Morning Report: 06.30 London
• This morning, markets are stable after another volatile sessions in the US. The turbulence was in part sparked by warnings issued by Fed chair Janet Yellen regarding the state of the global economy. The Yen has continued to slide lower, gathering momentum as traders seek out safe harbours. The EUR/JPY in particular came in for significant selling yesterday.
• The US Dollar is unchanged this morning with a negative bias after testing the lows yesterday.
• The Australian and New Zealand Dollars are on the back foot again after a mixed session over the last week. This shows to an extent that the recent turmoil isn’t just down to worries over China.
• In this climate of uncertainty, gold continues to climb.
Coming up today:
• Today we have US unemployment claims at 13.30.
• Fed Chair Yellen testifies again at 15.00.
Trade Idea:
• During the recent volatile period, the Australian Dollar has held up relatively well. Or put another way, it has fallen in line with other currencies, rather than dropping alone like a stone.
• Should the recent negative patch turn or at least stabilise, the Aussie could be one of the springier currencies.
A good way to play this is a HIGHER trade predicting that the AUD/USD closes above 0.7200 in 14 days 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. 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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