• Markets have found reasons to be cheerful this morning, with the S&P 500 nudging higher and the Dollar Index dipping back. Traders are weighing up US retail sales and the budget agreements.
• The NZD/USD is seeing the biggest movement, up 0.44% after the decision to keep rates on hold mid week. The Australian dollar is also recovering after some ugly volatility.
• The yen pairs are nudging higher, with the EUR/JPY showing the most impressive trend continuation.
Coming up today: • It’s a light day for the economic calendar, with MPC Dale’s speech at 12.30 one of the main highlights.
• From 13.30, we get US PPI data.
Trade Idea: • The AUD/JPY’s volatility has continued this week after heavy selling on Wednesday. There are signs of life this morning, but any moves could be fleeting.
Kiwi gains ground
Morning Report: 08.15 London
• Markets have found reasons to be cheerful this morning, with the S&P 500 nudging higher and the Dollar Index dipping back. Traders are weighing up US retail sales and the budget agreements.
• The NZD/USD is seeing the biggest movement, up 0.44% after the decision to keep rates on hold mid week. The Australian dollar is also recovering after some ugly volatility.
• The yen pairs are nudging higher, with the EUR/JPY showing the most impressive trend continuation.
Coming up today:
• It’s a light day for the economic calendar, with MPC Dale’s speech at 12.30 one of the main highlights.
• From 13.30, we get US PPI data.
Trade Idea:
• The AUD/JPY’s volatility has continued this week after heavy selling on Wednesday. There are signs of life this morning, but any moves could be fleeting.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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