• This morning, financial markets are rebounding as the 100 period moving average holds once again for the S&P 500.
• The dollar index is back on the rise, but is yet to reclaim the recent highs.
• Gold is rallying after a sustained period of selling that crept into over solid status.
• The euro is reacting to (or causing) the dollar rebound, with a sell off across all pairs.
• Elsewhere, the Aussie is nipping back after a sharp rally yesterday.
Coming up today: • Coming up today, we have US PPI at 12.30. At the same time we have Canadian employment change, with the unemployment rates released at the same time.
• Following this, we have preliminary US UoM consumer sentiment at 14.00.
• At 15.15, MPC member Haldane speaks.
Trade Idea:
• After a brief rally yesterday, the pressure is back on the euro and the EUR/JPY could be a good vehicle for a downside bet.
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 Rebound
Morning Report: 07.45 London
• This morning, financial markets are rebounding as the 100 period moving average holds once again for the S&P 500.
• The dollar index is back on the rise, but is yet to reclaim the recent highs.
• Gold is rallying after a sustained period of selling that crept into over solid status.
• The euro is reacting to (or causing) the dollar rebound, with a sell off across all pairs.
• Elsewhere, the Aussie is nipping back after a sharp rally yesterday.
Coming up today:
• Coming up today, we have US PPI at 12.30. At the same time we have Canadian employment change, with the unemployment rates released at the same time.
• Following this, we have preliminary US UoM consumer sentiment at 14.00.
• At 15.15, MPC member Haldane speaks.
Trade Idea:
• After a brief rally yesterday, the pressure is back on the euro and the EUR/JPY could be a good vehicle for a downside bet.
A good way to play this is a LOWER trade predicting that the EUR/JPY will close below 128.25 in 10 days time for a potential return of 124%.
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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