• This morning, financial markets are on the back foot despite rumours of a compromise in the Ukraine/ Russia conflict. The US dollar is challenging the previous highs as the euro remains under pressure.
• The euro itself is unchanged despite Greece talks reaching a grid lock. The EUR/USD has given a large Gallic shrug of indifference as such deadlock is to be expected until we get close to the bailout deadline of February 28th.
• The Australian dollar is the big mover, after employment and unemployment data came in worse than expected. The NZD/USD is trickling lower in sympathy.
• Gold is nudging higher, but the downtrend still remains.
• The USD/JPY is nipping back, but the highs remain in sight. *Just as we publish, the USD/JPY has started to sell off heavily.
Coming up today: • Coming up today we have the Bank of England inflation report with governor Carney speaking at 10.30.
• Following this we have US retail sales and unemployment claims at 13.30. Canadian NHPI follows at 13.30. Trade Idea:
• The Australian employment woes raise the prospect of an imminent rate cut to further challenge the 2008 lows for the AUD/USD.
A good way to play this is a LOWER trade predicting that the AUD/USD will close below 0.7600 in 7 days time for a potential return of 180%. 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.
Aussie Heads Down Under On Employment Miss
Morning Report: 8.30 London
• This morning, financial markets are on the back foot despite rumours of a compromise in the Ukraine/ Russia conflict. The US dollar is challenging the previous highs as the euro remains under pressure.
• The euro itself is unchanged despite Greece talks reaching a grid lock. The EUR/USD has given a large Gallic shrug of indifference as such deadlock is to be expected until we get close to the bailout deadline of February 28th.
• The Australian dollar is the big mover, after employment and unemployment data came in worse than expected. The NZD/USD is trickling lower in sympathy.
• Gold is nudging higher, but the downtrend still remains.
• The USD/JPY is nipping back, but the highs remain in sight. *Just as we publish, the USD/JPY has started to sell off heavily.
Coming up today:
• Coming up today we have the Bank of England inflation report with governor Carney speaking at 10.30.
• Following this we have US retail sales and unemployment claims at 13.30. Canadian NHPI follows at 13.30.
Trade Idea:
• The Australian employment woes raise the prospect of an imminent rate cut to further challenge the 2008 lows for the AUD/USD.
A good way to play this is a LOWER trade predicting that the AUD/USD will close below 0.7600 in 7 days time for a potential return of 180%.
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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