Australian employment disappoints again

Morning Report: 08.30 London

• This morning, financial markets are on the back foot as US markets lost momentum overnight. The US dollar index is once again slipping lower as Yellen’s commitment to quantitative easing sinks in.
 



• Elsewhere, the Australian dollar is under isolated pressure with the AUD/JPY down 1.01% and the AUD/USD off by 0.69%. It’s notable that the NZD/USD has not followed the Aussie lower.
 

• Silver has slipped back slightly, down 0.40%.
 

• The pound is giving back some of yesterday’s massive gains, but the momentum is still there.
 



Coming up today:

• Coming up today we have US retail sales, released alongside unemployment claims at 13.30.

• US business inventory follows at 15.00. 

Trade Idea:

• The GBP/USD smashed higher yesterday after the latest words from new Bank of England governor Carney. The pairs is right under resistance levels now and this could be a good time for lower bets.

A LOWER trade predicting that the GBP/USD will close below 1.6525 in 5 days time could return 273%.

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

Summary: