• Markets gapped lower this morning after another weekend of deadlock in US budget negotiations. Now the best realistic short term hope is for a six week extension for negotiations.
• Stockmarket futures have gapped lower, as did the main yen pairs as risk taking took a back seat.
• However, most of the yen pairs are now well off their morning opening lows, especially the AUD/JPY. The rebound is being helped by better than expected Chinese CPI.
Coming up today:
• The morning’s main highlight is European industrial production at 10.00.
Trade Idea:
• The fact that the AUD/USD is pushing to the upside in the current environment hints at underlying strength in the pair.
This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.
Markets hit by US Budget block
Morning Report: 08.45 London
• Markets gapped lower this morning after another weekend of deadlock in US budget negotiations. Now the best realistic short term hope is for a six week extension for negotiations.
• Stockmarket futures have gapped lower, as did the main yen pairs as risk taking took a back seat.
• However, most of the yen pairs are now well off their morning opening lows, especially the AUD/JPY. The rebound is being helped by better than expected Chinese CPI.
Coming up today:
• The morning’s main highlight is European industrial production at 10.00.
Trade Idea:
• The fact that the AUD/USD is pushing to the upside in the current environment hints at underlying strength in the pair.
A HIGHER trade predicting that the AUD/USD will close above 0.9500 in 5 days time could return 170% if successful.
This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.
Summary:
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