Binary.com Daily Market Report (17th Dec)
December 17, 2015 9:45 amVideo
Latest News
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
- Technical Analysis – GBPUSD pulls back into the negative zone April 16, 2024
- Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch April 16, 2024
- Technical Analysis – AUDUSD breaks the lower bound of a sideways range April 16, 2024
- Video market update for April 16, 2024 April 16, 2024
- Hot forecast for EUR/USD on April 16, 2024 April 16, 2024
- Technical Analysis – EURUSD dives further near 1.0600 April 16, 2024
- XM 2024 Ramadan Promotion Winners April 16, 2024
- EUR/USD and GBP/USD: Technical analysis on April 16 April 16, 2024
- Key events on April 16: fundamental analysis for beginners April 16, 2024
- Overview of the GBP/USD pair. April 16th. The pound may rebound, but the flat is over, and there are no reasons for growth April 16, 2024
- Trading plan for GBP/USD on April 16. Simple tips for beginners April 16, 2024
- Trading plan for EUR/USD on April 16. Simple tips for beginners April 16, 2024
- Overview of the EUR/USD pair. April 16th. In plain text: The ECB will cut rates in June April 16, 2024
Measured Reaction to Historic Rate Hike
Morning Report: 06.30 London
• This morning, markets are continuing their measured reaction to the historic Fed meeting that saw the first 0.25% increase since the financial crisis. The increase was in-line with expectations, but more importantly, the forward guidance suggested moderate increases from here. The latter again was largely expected, giving the dollar a moderate but firm boost yesterday and today. The dollar broke above the recent trading range, while the USD/JPY is rising back towards the middle of its recent range.
• The euro is pulling back again this morning, in line with most other dollar pairs such as the pound.
• Oil prices rose briefly yesterday, but have since fallen back towards record lows.
Coming up today:
• Coming up today we have German Ifo business climate.
• This is followed by UK retail sales at 09.30.
• From 13.30 we switch to the US for Philly Fed manufacturing and unemployment claims.
Trade Idea:
• The Canadian dollar suffered again yesterday with the Fed hike, driving the USD/CAD to new highs again. With the Fed uncertainty out of the way, we could see more upside from here.
A good way to play this is a HIGHER trade predicting that the USD/CAD will close above 1.4000 in 35 days for a potential return of 241%.
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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