• This morning, financial markets are managing to rise despite poor economic data from China, Japan and Australia. It could be indicative of a returning bullish mood across traders as this data would have been enough to spark a sell off on another day.
• The dollar index is also nudging higher, keeping up its recent relative strength.
• The yen pairs are on the rise, helped by the strong US dollar.
• The euro is still struggling however, partly due to the Green back’s strength, but mainly due recent weak data from Germany.
Coming up today:
• Coming up today at 09.30 we have UK claimant count change figures released alongside the latest average earnings index.
• Follow this we have European industrial production at 10.00.
• The morning’s big ticket is the BOE inflation letter and BOE Governor Carney speaking.
• Form 13.30 we have a very busy afternoon with US data. The highlights are core retail sale and business inventories at 15.00.
Trade Idea:
• With the euro still struggling and the dollar index showing no signs of weakening, there could be more downside for the EUR/USD.
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Markets shrug off Asian Malaise
Morning Report: 09.00 London
• This morning, financial markets are managing to rise despite poor economic data from China, Japan and Australia. It could be indicative of a returning bullish mood across traders as this data would have been enough to spark a sell off on another day.
• The dollar index is also nudging higher, keeping up its recent relative strength.
• The yen pairs are on the rise, helped by the strong US dollar.
• The euro is still struggling however, partly due to the Green back’s strength, but mainly due recent weak data from Germany.
Coming up today:
• Coming up today at 09.30 we have UK claimant count change figures released alongside the latest average earnings index.
• Follow this we have European industrial production at 10.00.
• The morning’s big ticket is the BOE inflation letter and BOE Governor Carney speaking.
• Form 13.30 we have a very busy afternoon with US data. The highlights are core retail sale and business inventories at 15.00.
Trade Idea:
• With the euro still struggling and the dollar index showing no signs of weakening, there could be more downside for the EUR/USD.
A good way to play this is a LOWER trade predicting that the EUR/USD will close below 1.3325 in 7 days time for a potential return of 165%.
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Summary:
Email [email protected] or skype me at bomaffiliates-karen
Related Posts: