• This morning, the Japanese yen is on the back foot after consumer confidence came in well below estimates.
• The euro is continuing to outperform its peers, with the EUR/ JPY up 0.42%.
• The Aussie and Kiwi are continuing their poor run, with the AUD/ USD set for its fourth straight day of losses.
Coming up today:
• Coming up today we have UK CPI at 09.30, with a drop to 2.5% expected, with RPI expected to come in at 3.0%.
Trade Idea:
• When the AUD/ USD gets the bit between its teeth, it can experience some very strong trends. In recent times, these have been to the upside, but the downside trend now looks to be setting in.
This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.
Yen retreats on low confidence
Morning Report: 08.45 London
• This morning, the Japanese yen is on the back foot after consumer confidence came in well below estimates.
• The euro is continuing to outperform its peers, with the EUR/ JPY up 0.42%.
• The Aussie and Kiwi are continuing their poor run, with the AUD/ USD set for its fourth straight day of losses.
Coming up today:
• Coming up today we have UK CPI at 09.30, with a drop to 2.5% expected, with RPI expected to come in at 3.0%.
Trade Idea:
• When the AUD/ USD gets the bit between its teeth, it can experience some very strong trends. In recent times, these have been to the upside, but the downside trend now looks to be setting in.
• A LOWER trade predicting that the NZD/ USD closes below 0.9300 in 3 days time could return 143%.
This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.
Summary:
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