• Monday’s early risk-off reaction has been reversed across most world markets, with follow on buying through this morning. The Dollar index is back to test last week’s highs, while the USD/JPY saw a large buying spike.
• The Dollar pairs are on the back foot as the euro tests multi-month lows and the likes of the NZD/USD sell off after a third month of 1.9% inflation.
• The Yen pairs are generally holding yesterday’s gains though, with the GBP/JPY getting back on track.
• Gold briefly glittered yesterday as caution reigned, but the precious metal is on the retreat once again.
Coming up today:
• Coming up today we have UK CPI and RPI at 09.30, with another bout of deflation expected.
• German ZEW economic sentiment follows at 10.00, with Europe wide data released at the same time.
• From 13.30 we switch to north America for US CPI, followed by capacity utilisation and industrial production at 14.15. Mortgage delinquencies follow at 15.00.
Trade Idea:
• Oil prices remain under pressure, which is bad news for the beleaguered Canadian Dollar. While the US Dollar remains strong, the USD/CAD looks set to rise further.
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.
Markets Quick to
Find Their Feet
Morning Report: 06.15 London
• Monday’s early risk-off reaction has been reversed across most world markets, with follow on buying through this morning. The Dollar index is back to test last week’s highs, while the USD/JPY saw a large buying spike.
• The Dollar pairs are on the back foot as the euro tests multi-month lows and the likes of the NZD/USD sell off after a third month of 1.9% inflation.
• The Yen pairs are generally holding yesterday’s gains though, with the GBP/JPY getting back on track.
• Gold briefly glittered yesterday as caution reigned, but the precious metal is on the retreat once again.
Coming up today:
• Coming up today we have UK CPI and RPI at 09.30, with another bout of deflation expected.
• German ZEW economic sentiment follows at 10.00, with Europe wide data released at the same time.
• From 13.30 we switch to north America for US CPI, followed by capacity utilisation and industrial production at 14.15. Mortgage delinquencies follow at 15.00.
Trade Idea:
• Oil prices remain under pressure, which is bad news for the beleaguered Canadian Dollar. While the US Dollar remains strong, the USD/CAD looks set to rise further.
A good way to play this is a HIGHER trade predicting that the USD/CAD will close above 1.3400 in 20 days for a potential return of 140%
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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