• This morning, the S&P 500 is pausing after making yet another record high last night. The dollar index is also slipping back against the recent bull run.
• The dollar index impasse is helping the yen pairs to peel back, with the AUD/JPY off by 0.47%.
• Elsewhere, the New Zealand dollar is leading dollar pairs higher after last night’s RBNZ report.
• Gold is also capitalising on today’s dollar weakness, recovering from Monday’s lows. Coming up today: • Coming up today we have UK claimant count change data at 09.30, released alongside average earnings and unemployment data. Following this, we have the latest BOE inflation report, with Carney also speaking at 10.30.
• European industrial production is at 10.00.
• Following this, we have FOMC member Kocherlakota speaking at 17.00. Trade Idea:
• The NZD/USD is riding high this morning, but until the dollar index shows a significant trend shift, it could pay to fade this current move rather than ride the trend.
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.
Markets Pause At Highs
Morning Report: 08.30 London
• This morning, the S&P 500 is pausing after making yet another record high last night. The dollar index is also slipping back against the recent bull run.
• The dollar index impasse is helping the yen pairs to peel back, with the AUD/JPY off by 0.47%.
• Elsewhere, the New Zealand dollar is leading dollar pairs higher after last night’s RBNZ report.
• Gold is also capitalising on today’s dollar weakness, recovering from Monday’s lows.
Coming up today:
• Coming up today we have UK claimant count change data at 09.30, released alongside average earnings and unemployment data. Following this, we have the latest BOE inflation report, with Carney also speaking at 10.30.
• European industrial production is at 10.00.
• Following this, we have FOMC member Kocherlakota speaking at 17.00.
Trade Idea:
• The NZD/USD is riding high this morning, but until the dollar index shows a significant trend shift, it could pay to fade this current move rather than ride the trend.
A good way to play this is a LOWER trade predicting that the NZD/USD will close BELOW 0.7825 in 2 days time for a potential return of 152%.
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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