Aussie Suffers While Euro Rebounds 

Morning Report: 08:30 London

• This morning financial markets have a slight negative bias after a generally benign session in Asia. The S&P 500 is dropping lower, while the main ‘risk on’ currencies such as the Australian dollar are finding few friends.         

                             

• The AUD/JPY has continued its recent volatility, grinding down another 0.2% this morning.                                                                                                                                                 

                                                        
• The euro is picking up however after a largely incident free weekend in Ukraine. The euro is even out performing the pound, with the impact of the Astrazeneca/Pfizer deal potentially weighing on Sterling.

                             

• Commodities are on the rise, though still remain direction less on a medium term basis.

• The yen is currently sitting right on support after more selling this morning.

                             
                                                                                                                                         
Coming up today:

• Coming up today we have German Buba President Weidmann speaking at 08.00.
• Other than this, it is a very quiet day for the economic calendar.

Trade Idea:

• The AUD/JPY has come under a lot of pressure in the last few days, but there is some fairly solid support around the 94.50 region.

                             

A good way to play the current situation could be a HIGHER trade predicting that the AUD/JPY closes above 95.10 in 3 days time for a potential return of 140% if successful.

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

Summary: