• Markets are quiet this morning, with a busy economic data set due in the afternoon. The one movement of note is on the NZD/USD which is falling back heavily this morning.
• Elsewhere, the dollar pairs are generally softer, though so far movement is hesitant. The AUD/USD looks set for its fourth day of losses, while the GBP/USD looks set for its third straight losing day.
• Silver and gold are also under pressure, with Silver off by 0.20%.
Coming up today:
• Coming up today we have UK retail sales due at 09.30, with MOC member Broadbent speaking at 12.15.
• From 13.30 we switch to the US with Building permits and housing starts, followed by capacity utilisation rate and industrial production at 14.15. Next up is preliminary UoM consumer sentiment at 14.55 and finally JOLTS job openings at 15.00.
Trade Idea:
• The AUD/JPY fell heavily yesterday, but when the AUD/JPY falls like this follow through selling is more likely than not.
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.
Kiwi slips on quiet morning
Morning Report: 08.45 London
• Markets are quiet this morning, with a busy economic data set due in the afternoon. The one movement of note is on the NZD/USD which is falling back heavily this morning.
• Elsewhere, the dollar pairs are generally softer, though so far movement is hesitant. The AUD/USD looks set for its fourth day of losses, while the GBP/USD looks set for its third straight losing day.
• Silver and gold are also under pressure, with Silver off by 0.20%.
Coming up today:
• Coming up today we have UK retail sales due at 09.30, with MOC member Broadbent speaking at 12.15.
• From 13.30 we switch to the US with Building permits and housing starts, followed by capacity utilisation rate and industrial production at 14.15. Next up is preliminary UoM consumer sentiment at 14.55 and finally JOLTS job openings at 15.00.
Trade Idea:
• The AUD/JPY fell heavily yesterday, but when the AUD/JPY falls like this follow through selling is more likely than not.
A good way to lay this is a ONE TOUCH trade predicting that the AUD/JPY touches 91.00 within 3 days for a potential return of 145%.
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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