Dollar pairs slip back


Morning Report: 08.45 London

• . This morning, financial markets generally have a negative bias after the effect of the US storms start to be revealed. Stock markets are just about holding gains, while the dollar index continues its down swing.

• Commodities are on the back foot, with Silver experiencing some major volatility.

 • The pound has restored some of yesterday’s losses, with gains made against the euro in particular.

• The yen pairs are on the back foot as the US dollar backs off further.
 

Coming up today:

• This morning, the UK comes under focus, with the latest claimant count change, unemployment rate and voting patterns from the last MPC meeting.

• From here we have US building permits, PPI and housing starts.

• At 19.00, we get the release of the minutes from the last FOMC meeting.

Trade Idea:

• The USD/CAD has been on a slow but steady down trend in recent weeks and there could still be room for further downside from here.
 

A LOWER trade predicting that the USD/CAD will close below 1.0900 in 7 days time for a potential return of 138%. 

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: