• This morning, the Australian dollar is dropping heavily after employment change data came in well below estimates. The AUD/USD is down 1.34%, while the AUD/JPY is off by 1.17%.
• Commodities are also suffering, with gold down by 0.33% and silver off by 0.69%.
• Aside from this cluster, markets are generally steady after Wall street hit record highs last night, with the dollar index surging.
• The NZD/USD is falling heavily in sympathy with the Aussie.
Coming up today:
• Coming up today, we have the ECB monthly bulletin at 09.00. This is followed by European CPI and a speech by German Buba president Weidmann at 10.00.
• From 13.30 we switch to North America, with core CPI and unemployment claims.
• At 15.00, we have Philly Fed Manufacturing. The final item of the days is a speech by Fed Chairman Bernanke at 16.10.
Trade Idea:
• Silver rose from the lows of its recent rage to break through the highs and now the opposite could occur as the precious metal heads back lower.
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.
Aussie collapse on employment shock
Morning Report: 08.45 London
• This morning, the Australian dollar is dropping heavily after employment change data came in well below estimates. The AUD/USD is down 1.34%, while the AUD/JPY is off by 1.17%.
• Commodities are also suffering, with gold down by 0.33% and silver off by 0.69%.
• Aside from this cluster, markets are generally steady after Wall street hit record highs last night, with the dollar index surging.
• The NZD/USD is falling heavily in sympathy with the Aussie.
Coming up today:
• Coming up today, we have the ECB monthly bulletin at 09.00. This is followed by European CPI and a speech by German Buba president Weidmann at 10.00.
• From 13.30 we switch to North America, with core CPI and unemployment claims.
• At 15.00, we have Philly Fed Manufacturing. The final item of the days is a speech by Fed Chairman Bernanke at 16.10.
Trade Idea:
• Silver rose from the lows of its recent rage to break through the highs and now the opposite could occur as the precious metal heads back lower.
A ONE TOUCH trade predicting that Silver will touch 19.00 in the next 7 days could return 213% 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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