Kiwi Shines After Rate Hike

Morning Report: 08:45 London

• Volatility still appears to be on Summer break, but the is one notable mover this morning – the NZD/USD. The Kiwi is on the rise after the RBNZ voted to raise interest rates by 0.25% and judging by market reaction, there is scope for more.                                                

• Stock markets have withstood yesterday’s wobble – the first in a month, but volume continues to dry up.
                  
                             

• The yen pairs are recovering after couple of days of pressure, with the GBP/JPY top of the pile. The AUD/JPY is also on the up, though is volatile after mixed employment data.

                             
                                                                                                                                                       
                              

                             

• Across the Dollar pairs, the British pound continues to impress after out performing yesterday.

                                                          
Coming up today:

• Coming up today we have US retail sails and unemployment claims. Business inventories follow at 15.00.

• BOC Governor Poloz speaks at 16.15, with BOE governor Carney speaking at 21.00.

Trade Idea:

• When the NZD/USD catches the wind, it can pay to follow the trend and this could be the case here.

                             

A HIGHER trade predicting that the NZD/USD will close above 0.8675 in 1 days time could return 124% if successful.

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

Summary: