Binary.com Daily Market Report (14th July)
July 14, 2016 7:36 amVideo
Latest News
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- Forex forecast 04/22/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga April 22, 2024
- USD/JPY: trading tips for beginners for European session on April 22 April 22, 2024
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- GBP/USD: trading tips for beginners for European session on April 22 April 22, 2024
- EUR/USD: trading tips for beginners for European session on April 22 April 22, 2024
- Hot forecast for EUR//USD on April 22, 2024 April 22, 2024
- Technical Analysis – EURJPY rallies ahead of key market events April 22, 2024
- Trading plan for GBP/USD on April 22. Simple tips for beginners April 22, 2024
- Trading plan for EUR/USD on April 22. Simple tips for beginners April 22, 2024
- Forecast for EUR/USD on April 22, 2024 April 22, 2024
- Forecast for GBP/USD on April 22, 2024 April 22, 2024
- Forecast for AUD/USD on April 22, 2024 April 22, 2024
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
Bank of England Eyes Historic Cut
Morning Report: 07.00 London
• This morning, the British pound is on the front foot despite the strong potential for an interest rate cut today. Markets are pricing in a 75% chance of a reduction from 0.5% to 0.25% today, but some analysts think the MPC could go further. No increase in QE is expected this meeting, but there will be sign posts for the August meeting.
• Meanwhile, world markets continue to unwind their risk-off positions, with the US dollar nipping back and the USD/JPY nudging higher.
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• The euro has been mixed since the turmoil of Brexit, but is pushing higher this morning against the US dollar.
• Meanwhile, the Australian dollar is also making gains despite lower than expected unemployment figures this morning.
Coming up today:
• Coming up today we have the UK rate decision at 12.00, released alongside the monetary policy summary and asset purchase facility. Most are predicting a cut to 0.25.
• Following this we have US PPI at 13.30, alongside unemployment claims and core PPI.
Trade Idea:
• Today we get to learn how much a rate cut is already priced in to the pound. A cut would not be a surprise and a larger cut closer to zero would only be a mild surprise to many.
The pound may have some way to fall, but so might the euro as it too faces years of uncertainty. Despite a rate cut, it could well be a positive session today for the pound, especially against the euro.
A good way to play this is a HIGHER trade predicting that the EUR/GBP will close below 0.8300 in 14 days for a potential return of 163%.
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.
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