• This morning, the US Dollar has extended its winning week, making it three from three so far. The Euro and the Pound are on the back foot as the Greenback regains its strength.
• The Pound is notably lagging the Euro ahead of today’s budget release, as demonstrated by the EUR/GBP rising sharply yesterday.
• Meanwhile, the Yen pairs are enjoying some upside momentum as the yen slips lower in the face of Dollar strength. The AUD/JPY is on the rise despite underlying weakness for the Australian Dollar this morning.
• Oil prices have slipped further from the recent highs around $40 after Saudia Arabia apparently agreed to fall in line on production levels.
Coming up today:
• Today we have UK average earnings and claimant count data at 09.30. We get the latest unemployment figures at the same time ahead of the budget release at 12.30.
• Also at 12.30, we have Canadian manufacturing sales and US CPI, released alongside building permits.
• Capacity utilisation is released at 13.15, with industrial production at the same time.
• US crude inventories are released at 14.30.
• Today’s main ticket is the US FOMC statement at 18.00, with no change expected. The press conference follows at 18.30.
• Later this evening we get New Zealand GDP at 21.45.
Trade Idea:
• The USD/JPY has been stuck in an ugly trading range for some time, but this busy Wednesday could be a catalyst for a breakout here.
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.
Over to You George
Morning Report: 06.30 London
• This morning, the US Dollar has extended its winning week, making it three from three so far. The Euro and the Pound are on the back foot as the Greenback regains its strength.
• The Pound is notably lagging the Euro ahead of today’s budget release, as demonstrated by the EUR/GBP rising sharply yesterday.
• Meanwhile, the Yen pairs are enjoying some upside momentum as the yen slips lower in the face of Dollar strength. The AUD/JPY is on the rise despite underlying weakness for the Australian Dollar this morning.
• Oil prices have slipped further from the recent highs around $40 after Saudia Arabia apparently agreed to fall in line on production levels.
Coming up today:
• Today we have UK average earnings and claimant count data at 09.30. We get the latest unemployment figures at the same time ahead of the budget release at 12.30.
• Also at 12.30, we have Canadian manufacturing sales and US CPI, released alongside building permits.
• Capacity utilisation is released at 13.15, with industrial production at the same time.
• US crude inventories are released at 14.30.
• Today’s main ticket is the US FOMC statement at 18.00, with no change expected. The press conference follows at 18.30.
• Later this evening we get New Zealand GDP at 21.45.
Trade Idea:
• The USD/JPY has been stuck in an ugly trading range for some time, but this busy Wednesday could be a catalyst for a breakout here.
A good way to play this is an IN/OUT trade predicting that the USD/JPY closes above 115.00 or below 111.00 in 14 days for a potential return of 141%.
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.
Email [email protected] or skype me at bomaffiliates-karen
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