Markets extend Yellen bounce

Morning Report: 08.30 London

• Financial markets are on the rise this morning after Janet Yellen confirmed her commitment to Quantitative Easing.



• The risk-on currencies of the Australian and New Zealand dollars are also performing well after Chinese imports and exports came in above estimates.

• Precious metal commodities by contrast are on the back foot, with gold and silver down by around 0.40%.

• Yen pairs are slipping lower despite Japanese machine tool orders coming in below estimates.



Coming up today:

• Coming up this morning, we have a speech from Bank of England Governor Carney, alongside the BOE inflation report at 10.30.

• ECB president Draghi speaks at 15.30.

• The main item this evening is US federal budget balance. 

Trade Idea:

• The AUD/USD & NZD/USD have seen some strong momentum in recent weeks, with the AUD/USD now in danger hitting resistance. The NZD/USD by contrast is unencumbered and has some blue sky above.

A HIGHER trade predicting that the NZD/USD will close above  0.8400 in 2 days time could return 155% if successful. 

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: