Binary.com Daily Market Report (19th Jun)
June 19, 2014 7:51 amVideo
Latest News
- Market Comment – Geopolitics and Fedspeak keep stocks under pressure April 17, 2024
- Technical Analysis – USDJPY on the verge of hitting 155.00 milestone April 17, 2024
- Hot forecast for EUR/USD on April 17, 2024 April 17, 2024
- Overview for the GBP/USD pair on April 17th. British inflation could weigh on the pound April 17, 2024
- Technical Analysis – NZDUSD bounces off 5-month low April 17, 2024
- Overview for the EUR/USD pair on April 17th. There is no single reason for the euro to rise April 17, 2024
- Key events on April 17: fundamental analysis for beginners April 17, 2024
- Trading plan for GBP/USD on April 17. Simple tips for beginners April 17, 2024
- Trading plan for EUR/USD on April 17. Simple tips for beginners April 17, 2024
- Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Wednesday April 17, 2024. April 17, 2024
- Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday April 17, 2024. April 17, 2024
- Forecast for EUR/USD on April 17, 2024 April 17, 2024
- Forecast for GBP/USD on April 17, 2024 April 17, 2024
- Forecast for USD/JPY on April 17, 2024 April 17, 2024
- Outlook for EUR/USD on April 17. A boring Monday seamlessly transitioned into a boring Tuesday April 17, 2024
- Will the euro manage to save itself? April 17, 2024
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
Fed Looks On The Bright Side
Morning Report: 08:45 London
• The Fed certainly didn’t disappoint yesterday, with a statement that financial markets liked. A lot! The S&P 500 regained its bull run and is now within reach of the 2,000 level.
• The meeting did have a slight dilutive effect on the dollar which looks to be turning lower after a period of chop. This in turn is helping the dollar pairs regain their up trend, with the AUD/USD up 0.24% and the USD/CAD down 0.22%.
• The EUR/USD is out performing the pound after the Bank of England voting patterns provided no surprises.
• Gold and silver are back on the up with the precious metal quickly shrugging off the mini slump this week.
Coming up today:
• Coming up today we have UK retail sales at 09.30. Following this we have UK CBI industrial order expectations and MPC member McCafferty speaking at 12.30.
• From 13.30, we switch to the US with unemployment claims, followed by Philly Fed manufacturing at 15.00.
Trade Idea:
• Gold continues to recover after the mini slump and with the fed offering up a dovish meeting, there could be more pressure on the dollar…And therefore more upside for gold.
A good way to play this is a HIGHER trade predicting that gold will close above $1290 in 5 days time for a potential return of 200%.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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