• This morning, markets are stable after moderate selling on US markets last night. Chinese markets appear to have stabilised, while US markets reassured with better than expected unemployment claims. The US Dollar is posting small gains, gaining ground against the Aussie, but losing against the Japanese Yen.
• The Australian Dollar is the biggest loser so far this morning, with the NZD/USD following suit.
• Oil prices trickled lower yesterday, but are generally holding the gains built this week.
Coming up today:
• Today we have UK retail sales at 09.30, released alongside UK public sector net borrowing.
• From 13.00, we switch to North America, starting with FOMC member Mester speaking.
• This is followed by Canadian CPI and retail sales, released alongside US CPI data.
Trade Idea:
• The USD/JPY bear move has survived a brief rally, but there could be more downside to come. The recent wobble was never truly resolved and we’re only one bad headline away from another lurch lower as the Yen continues to act as the world’s favourite safe haven.
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 UK Borrowing
Morning Report: 06.30 London
• This morning, markets are stable after moderate selling on US markets last night. Chinese markets appear to have stabilised, while US markets reassured with better than expected unemployment claims. The US Dollar is posting small gains, gaining ground against the Aussie, but losing against the Japanese Yen.
• The Australian Dollar is the biggest loser so far this morning, with the NZD/USD following suit.
• Oil prices trickled lower yesterday, but are generally holding the gains built this week.
Coming up today:
• Today we have UK retail sales at 09.30, released alongside UK public sector net borrowing.
• From 13.00, we switch to North America, starting with FOMC member Mester speaking.
• This is followed by Canadian CPI and retail sales, released alongside US CPI data.
Trade Idea:
• The USD/JPY bear move has survived a brief rally, but there could be more downside to come. The recent wobble was never truly resolved and we’re only one bad headline away from another lurch lower as the Yen continues to act as the world’s favourite safe haven.
A good way to play this situation is a ONE TOUCH trade predicting that the USD/JPY will touch 110.00 within the next 14 days for a potential return of 192%.
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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