Pound Extends Losing Streak 

Morning Report: 08:30 London

• Markets are jittery so far this morning after disappointing earnings from Japanese companies such as Sony. The Ukrainian crisis continues unabashed with the West blaming Russia for inflaming the crisis in the East. The S&P 500 is up slightly while the dollar index regains its winning form.
         

                             
                                                                                                                                                      

• The British pound is displaying further weakness as traders pare back their expectations for an imminent rate rise as yesterday’s inflation figures showed wages still struggling to meet general inflation.

                                                        
• Silver and gold have been caught out by the dollar index’s strength this morning after Silver spurned overheard resistance levels.

                             

                             
                                                                                                            
Coming up today:

• Coming up today we have US S&P/CS Composite HPI at 14.00, followed by US CB consumer confidence at 15.00.

Trade Idea:

• The AUD/JPY is hitting a winning streak and even a tough Australian budget has not been enough to dent enthusiasm.

                             

There could be more upside from here. As such, a HIGHER trade could be the order of play. A HIGHER trade predicting that the AUD/JPY closes above 96.40 in 2 days time could return.

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

Summary: