Binary.com Daily Market Report (17th Dec)
December 17, 2013 9:48 amVideo
Latest News
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Will the Fed kick tapering into the long grass?
Morning Report: 08.15 London
• This morning, markets are mixed with a whiff of positivity following last night’s speculation that the US Federal reserve may defer any tapering decisions until 2014. The S&P 500 rose sharply last night from the lows, while the the dollar index has continued its down trend.
• The NZD/USD is performing well this morning on the back of last night’s news that the next Avatar films will be short in New Zealand.
• The dollar pairs are generally performing well, with the GBP/USD up 0.15%.
• The yen pairs are generally backing off, primarily due to dollar weakness rather than yen strength.
Coming up today:
• First up today we have UK CPI at 09.30 alongside RPI. No significant difference is expected aside from a slight increase in RPI. UK CBI Industrial Order Expectations are released at 11.00. BOE governor Carney speaks at 10.30.
• Next up is German and pan European ZEW economic sentiment at 10.00, with the Eurogroup meeting running all day in the background.
• From 13.30 we switch to the US with Canadian manufacturing sales at 13.30 and US core CPI at the same time.
Trade Idea:
• The Dollar index down trend has so far shown no real signs of reversing, making upside bets on the dollar pairs look attractive.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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