Binary.com Daily Market Report (16th Dec)
December 16, 2015 8:51 amVideo
Latest News
- Bitcoin: Target for this bull cycle is $300,000 April 8, 2024
- The dollar has laid out its trump cards, it’s now the euro’s turn April 8, 2024
- GBP/USD. Analysis for April 8th. The pound remains expensive despite everything April 8, 2024
- Could the ECB adopt its June 2022 playbook and preannounce a rate cut? – Preview April 8, 2024
- Trading Signals for GBP/USD for April 8-10, 2024: buy if breaks 1.2634 (3/8 Murray – symmetrical triangle) April 8, 2024
- Trading Signals for EUR/USD for April 8-10, 2024: buy above 1.0833 (3/8 Murray – 21 SMA) April 8, 2024
- EUR/USD. Analysis for April 8th. The euro will continue to decline April 8, 2024
- US CPI data unlikely to ease sticky inflation worries, but will markets care? – Preview April 8, 2024
- Technical Analysis – AUDUSD surpasses SMAs within trading range April 8, 2024
- Weekly Technical Outlook – USDJPY, EURGBP, USDCAD April 8, 2024
- Video market update for April 08, 2024 April 8, 2024
- US dollar enjoys gains April 8, 2024
- Weekly Technical Outlook: 08/04/2024 – USDJPY, EURGBP, USDCAD April 8, 2024
- EUR/USD and GBP/USD: Technical analysis on April 8 April 8, 2024
- Euro could tumble after ECB meeting April 8, 2024
- EUR/USD. April 8th. Preparations for the ECB meeting are in full swing April 8, 2024
- GBP/USD. April 8th. Nonfarm Payrolls did not help the dollar April 8, 2024
- Technical Analysis – US 500 index slides beneath rising trend line April 8, 2024
- Overview of the GBP/USD pair. April 8th. US inflation may present a new unpleasant surprise April 8, 2024
- Overview of the EUR/USD pair on April 8, 2024 April 8, 2024
Fed Set For Historic Rate Hike
Morning Report: 06.30 London
• In reality, today is all about the Federal reserve meeting at 19.00. Any reaction to the morning economic items will be reversed or extended based on the FOMC announcement. Markets are pricing in a 0.25% hike, but it’s primarily the forward guidance that is of importance. Markets want to know how far and how fast interest rates will rise from here (if indeed they do this month).
• The dollar is unchanged this morning, with the USD/JPY pausing after a good run this week.
• The main dollar pairs are mostly unchanged, with the GBP/USD recovering after losses yesterday and the euro stuck in a trading range.
Coming up today:
• Aside from the Fed meeting at 19.00, we have a raft of European data starting with French Flash manufacturing PMI, followed by German and European data at 08.30 and 09.00.
• Services PMI is released at the same time in each case.
• European CPI follows at 10.00.
• From 13.30 we switch to the US for building permits and housing starts.
• The FOMC meeting announcement is at 19.00, with the press conference at 19.30.
Trade Idea:
• Today’s meeting is almost impossible to predict, but in previous Fed meeting it has often paid to note the underlying trend going into the meeting.
In the case of the British pound, this is negative as Fed policy out marches MPC policy. Therefore there may be some value in betting on a continuation of the recent trend to see more downside.
A good way to play this is a LOWER trade predicting that the GBP/USD will close below 1.5000 in 14 days time for a potential return of 146%.
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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