Kiwi setting the pace as US budget talks stall

Morning Report: 08.45 London

• This morning, markets are generally subdued as US budget talks continue to stall. The dollar index has been volatile, but still within a range that one might expect on a normal trading week.

 • By contrast the New Zealand dollar is setting the pace, with the Australian dollar also performing well.

• The yen is slightly weaker as risk appetite creeps back into markets.



 

Coming up today:

• Coming up today we have UK claimant count change and the latest unemployment rate at 09.30.

• European inflation data follows at 10.00.

• ECB president Draghi speaks at 19.00.


Trade Idea:

• The NZD/USD is running right up to the September highs, a point that could well see a reversal.

• In this case however, a breakout could be more likely. The fact that the pair has managed to rise so well despite the US budget talks bodes well.

A HIGER trade predicting that NZD/USD will close above 0.8500 in 5 days time could return 282% 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.

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