• This morning, world markets have a slight positive edge with the S&P 500 on the rise, while the dollar index remains unchanged after yesterday’s selling.
• The British pound is holding its own this morning after the Bank of England issued no change of tack yesterday with a meeting result which came in within expectations.
• The yen pairs are setting the pace while the dollar backs off.
• The dollar pairs also enjoyed a strong session yesterday with the euro continuing to climb despite ongoing Greek political schisms.
Coming up today:
• Coming up today we have US PPI at 13.30, with preliminary
• UoM consumer sentiment following at 15.00.
Trade Idea:
• The pound has come off the boil against the Australian dollar this week, but the general story remains the same – UK and Australian interest rates are heading in completely different directions. As such we could see further upside from here.
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.
BOE Set to Stay The Course
Morning Report: 08.45 London
• This morning, world markets have a slight positive edge with the S&P 500 on the rise, while the dollar index remains unchanged after yesterday’s selling.
• The British pound is holding its own this morning after the Bank of England issued no change of tack yesterday with a meeting result which came in within expectations.
• The yen pairs are setting the pace while the dollar backs off.
• The dollar pairs also enjoyed a strong session yesterday with the euro continuing to climb despite ongoing Greek political schisms.
Coming up today:
• Coming up today we have US PPI at 13.30, with preliminary
• UoM consumer sentiment following at 15.00.
Trade Idea:
• The pound has come off the boil against the Australian dollar this week, but the general story remains the same – UK and Australian interest rates are heading in completely different directions. As such we could see further upside from here.
A good way to play this is a HIGHER trade predicting that the GBP/AUD closes above 2.2000 in 20 days time for a potential return of 124%.
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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