• This morning, stock markets are once again mired in a trading range at the highs, while the dollar index holds above its moving average.
• The main news this morning is that German economy avoided a second strait quarter of negative GDP growth, while France avoided three straight quarters. The German data was hardly inspiring though, coming out in line with expectations at +0.1% and while French data beat estimates, non farm payroll data sunk more than expected.
• The euro’s performance is underwhelming so far, with the EUR/JPY up 0.25% and the EUR/USD down just 0.17%.
• The dollar pairs are struggling as the dollar index holds the highs, with the GBP/USD extending recent losses.
• Gold and silver continue to unwind with large losses so far this morning.
• It’s the yen pairs that are seeing the biggest movements so far today though. with the USD/JPY up 0.42%.
Coming up today: • Coming up today we have UK construction output at 09.30.
• This is followed by European final CPI and flash GDP at 10.00.
• At 13.30, we have US retail sales alongside Canadian manufacturing sales.
• Prelim UoM consumer sentiment follows at 14.55. Business inventories are released at 15.00 alongside mortgage delinquencies. Trade Idea:
• The AUD/JPY is rising today despite poor data from China this morning. The move is primarily down to a weak yen, but this could be a sign of underlying strength in the Aussie.
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.
Germany Avoids Recession…Just
Morning Report: 08.30 London
• This morning, stock markets are once again mired in a trading range at the highs, while the dollar index holds above its moving average.
• The main news this morning is that German economy avoided a second strait quarter of negative GDP growth, while France avoided three straight quarters. The German data was hardly inspiring though, coming out in line with expectations at +0.1% and while French data beat estimates, non farm payroll data sunk more than expected.
• The euro’s performance is underwhelming so far, with the EUR/JPY up 0.25% and the EUR/USD down just 0.17%.
• The dollar pairs are struggling as the dollar index holds the highs, with the GBP/USD extending recent losses.
• Gold and silver continue to unwind with large losses so far this morning.
• It’s the yen pairs that are seeing the biggest movements so far today though. with the USD/JPY up 0.42%.
Coming up today:
• Coming up today we have UK construction output at 09.30.
• This is followed by European final CPI and flash GDP at 10.00.
• At 13.30, we have US retail sales alongside Canadian manufacturing sales.
• Prelim UoM consumer sentiment follows at 14.55. Business inventories are released at 15.00 alongside mortgage delinquencies.
Trade Idea:
• The AUD/JPY is rising today despite poor data from China this morning. The move is primarily down to a weak yen, but this could be a sign of underlying strength in the Aussie.
A good way to play this is a HIGHER trade predicting that the AUD/JPY will close above 101.50 in 5 days time could return 141% if successful.
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:
Email [email protected] or skype me at bomaffiliates-karen
Related Posts: