Dollar Pairs Start Recovery 

Morning Report: 08:30 London

• This morning, markets generally have a positive bias, as the dollar index gives back some of Friday’s big gains.
         

                             
                                                                                                                                                           

                             
                            
• On currency markets, the dollar pairs are seeing the biggest movement as the pairs recover from Friday’s losses.
 
                             

• The pound in particular is performing well amid increasing calls for the Bank of England to do something about the UK housing boom.

• The euro is catching a similar wave as it bounces off the lows.

                             
                     
Coming up today:

• We have a light economic calendar today, with US FOMC member Plosser’s speech at 17.00 and Federal budget balance at 19.00 the main highlights.

Trade Idea:

• The USD/CAD recovered in strong fashion on Friday, quickly halting the pair’s down trend. Still the, pair rarely breaks support at the first time of asking and the down trend could down continue.

                             

A LOWER trade predicting that the USD/CAD closes below 1.0875 in 3 days could return 136% if successful.

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

Summary: