Binary.com Daily Market Report (12th Feb)
February 12, 2016 8:24 amVideo
Latest News
- Amazon earnings set for AI-driven cloud and ads boost – Stock Markets April 25, 2024
- EUR/USD. April 25th. Bulls continue to advance and expect a weak US GDP report April 25, 2024
- GBP/USD. April 25th. Bulls take advantage of weak US statistics April 25, 2024
- Overview of the GBP/USD pair on April 25, 2024 April 25, 2024
- Overview of the EUR/USD pair on April 25th. The dollar may start to get cheaper at the end of the year, after the arrival April 25, 2024
- Technical Analysis – EURUSD creates bullish channel in near term April 25, 2024
- Forex forecast 04/25/2024: EUR/USD, USDX, Gold and Bitcoin from Sebastian Seliga April 25, 2024
- Market Comment – Yen tumbles to fresh lows, dollar awaits GDP April 25, 2024
- Technical Analysis – USDJPY advances to fresh 34-year high April 25, 2024
- Technical Analysis – US 100 index weakness lingers April 25, 2024
- USD/JPY: trading tips for beginners for European session on April 25 April 25, 2024
- GBP/USD: trading tips for beginners for European session on April 25 April 25, 2024
- EUR/USD: trading tips for beginners for European session on April 25 April 25, 2024
- Technical Analysis – AUDUSD rises near short-term SMAs April 25, 2024
- Trading plan for GBP/USD on April 25. Simple tips for beginners April 25, 2024
- Trading plan for EUR/USD on April 25. Simple tips for beginners April 25, 2024
- Technical Analysis of Intraday Price Movement of S&P 500 Index, Thursday April 25 2024. April 25, 2024
- Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs,Thursday April 25 2024. April 25, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 25-27, 2024: buy above $63.600 (21 SMA – 200 EMA) April 25, 2024
- Forecast for EUR/USD on April 25, 2024 April 25, 2024
Gold in Demand as
Sell-Off Continues
Morning Report: 06.30 London
• Last night saw another sell-off on US stock markets, bringing the total losses for 2016 to over 10% for equities. This has developed as the US FOMC moved to raise interest rates for the first time, but subsequently holding back on apparent fears about the health of the global economy. At the same time, other global bodies taking extreme steps, with the BOJ and Riksbank going deeper into negative interest rate territory. The big winner in this has been the Japanese Yen, helped by the Dollar retreating. The USD/JPY and other Yen pairs has sold off heavily as a result.
• The Dollar index itself has stabilised to an extent, but still maintains a negative bias.
• On commodities, gold has been the big winner amidst the turmoil, with a large advance yesterday. Oil continues to suffer however.
• Elsewhere, the Australasian pairs are on the back foot after holding up well yesterday in volatile trading.
Coming up today:
• Coming up today we have German preliminary GDP, followed by European Flash GDP at 10.00.
• Following this we have US core retail sales released alongside import sales at 13.30.
• Following this we have preliminary UoM consumer sentiment at 15.00, released alongside FOMC member Dudley speaking at the same time.
Trade Idea:
• The Yen pairs are experiencing selling across the board, but the GBP/JPY has stood out for the consistency of this drop.
With more downside potential from here, a good way to play this is a LOWER trade predicting that the GBP/JPY will close below 161.00 in 10 days time for a potential return of 140%.
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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