• This morning, world markets are rebounding, with the S&P 500 holding at the 100 period moving average.
• The dollar index is on the back foot after encouraging data from China and Australia.
• This and relatively bullish RBNZ statement has seen the NZD/USD rebound rapidly, up 1.15% today.
• At the same time, the AUD/USD is up 0.74%, with the AUD/JPY up 0.53%.
• The euro is stabilising after testing sub 1.0500 levels this morning.
• The Yen pairs are mixed however, with the USD/JPY off by 0.22%.
Coming up today: • Coming up today we have Buba president Weidmann speaking at 10.00.
• This is followed by US retail sales and unemployment claims at 12.30.
• Then in the UK, BOE governor Carney is speaking at 12.45.
Trade Idea:
• Gold is making a minor recovery this morning, with the current trend now borderline over sold on a daily perspective. Looking at the weekly chart however, the precious metal looks to be over sold on a longer term perspective, which could create a buying opportunity.
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.
Asian Data Helps Lift Markets
Morning Report: 09.00 London
• This morning, world markets are rebounding, with the S&P 500 holding at the 100 period moving average.
• The dollar index is on the back foot after encouraging data from China and Australia.
• This and relatively bullish RBNZ statement has seen the NZD/USD rebound rapidly, up 1.15% today.
• At the same time, the AUD/USD is up 0.74%, with the AUD/JPY up 0.53%.
• The euro is stabilising after testing sub 1.0500 levels this morning.
• The Yen pairs are mixed however, with the USD/JPY off by 0.22%.
Coming up today:
• Coming up today we have Buba president Weidmann speaking at 10.00.
• This is followed by US retail sales and unemployment claims at 12.30.
• Then in the UK, BOE governor Carney is speaking at 12.45.
Trade Idea:
• Gold is making a minor recovery this morning, with the current trend now borderline over sold on a daily perspective. Looking at the weekly chart however, the precious metal looks to be over sold on a longer term perspective, which could create a buying opportunity.
A good way to play this is a HIGHER trade predicting that gold will close above $1175 in 14 days time for a potential return of 156%.
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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