Morning Report: 08.45 London
• This morning, the dollar is extending recent losses, with stock markets making further gains despite mixed messages on the Chinese economy.
• The yen pairs are generally performing well after S&P affirmed Japan’s AA – credit rating.
Coming up today:
• Coming up today we have Canadian core CPI at 13.30, following by a number of Fed speakers from 17.30.
Trade Idea:
• Yesterday’s 3% surge in gold was in part fuelled by the dollar index collapse, but even so the move was something of an extreme.
• In recent times, the precious metal has made quick reversals after big moves like this and today could be another example.
A LOWER trade predicting that gold will close below $1300 in 5 days could return 236% 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.
Summary:
Dollar slips further despite China warnings
Morning Report: 08.45 London
• This morning, the dollar is extending recent losses, with stock markets making further gains despite mixed messages on the Chinese economy.
• The yen pairs are generally performing well after S&P affirmed Japan’s AA – credit rating.
Coming up today:
• Coming up today we have Canadian core CPI at 13.30, following by a number of Fed speakers from 17.30.
Trade Idea:
• Yesterday’s 3% surge in gold was in part fuelled by the dollar index collapse, but even so the move was something of an extreme.
• In recent times, the precious metal has made quick reversals after big moves like this and today could be another example.
A LOWER trade predicting that gold will close below $1300 in 5 days could return 236% 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.
Summary:
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