• This morning, markets are mixed after China reported weaker than expected inflation figures for August, while the Dollar index holds at the highs. .
• The British pound is a big mover again after new polls put the no campaign back in front and major banks spoke of contingency plans to move their head offices south of the border. The GBP/JPY is extending its recent run, while the GBP/USD’s rise is held in check by the strong dollar.
• Elsewhere, the NZD/USD and AUD/USD continue to be depressed by China, forcing the pairs lower. The Aussie losses are balanced by better than expected employment data.
• Today we have US unemployment claims at 13.30, released alongside Canadian NHPI.
• ECB president Draghi speaks at 20.00
Trade Idea:
• It’s hard to go long any dollar pair right now due to the pervasive dollar strength. It would pay to go with the flow, especially on a pair such as the AUD/USD which is beholden to a slowing China.
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:
Pound Rebounds On Latest Poll
Morning Report: 09.00 London
• This morning, markets are mixed after China reported weaker than expected inflation figures for August, while the Dollar index holds at the highs.
.
• The British pound is a big mover again after new polls put the no campaign back in front and major banks spoke of contingency plans to move their head offices south of the border. The GBP/JPY is extending its recent run, while the GBP/USD’s rise is held in check by the strong dollar.
• Elsewhere, the NZD/USD and AUD/USD continue to be depressed by China, forcing the pairs lower. The Aussie losses are balanced by better than expected employment data.
Coming up today:
• Today we have US unemployment claims at 13.30, released alongside Canadian NHPI.
• ECB president Draghi speaks at 20.00
Trade Idea:
• It’s hard to go long any dollar pair right now due to the pervasive dollar strength. It would pay to go with the flow, especially on a pair such as the AUD/USD which is beholden to a slowing China.
A good way to play this is a LOWER trade predicting that the AUD/USD will close below 0.9125 in 5 days time. This could return 160% if successful.
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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