• This morning, the Australian dollar is leading markets higher as traders speculate on extensive market reforms to come from China. The Kiwi also performing well on the back of this move.
• Stock markets don’t share this enthusiasm, with the S&P 500 futures barely moving. This follows a wobble last night after hedge fund manager Carl Icahn commented that he believed the market to be heading for a fall.
• The euro is also performing well ahead of today’s ZEW economic sentiment.
Coming up today:
• Coming up today, we have German ZEW Economic sentiment released alongside pan European ZEW economic sentiment.
•From 13.30, we have the US employment cost index along with various treasury then Fed speeches at 13.45, 15.00 and 19.15.
Trade Idea:
• The euro is showing impressive reliance, which might just see it through even a mediocre ZEW release.
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.
Aussie charges higher despite hedge fund warning
Morning Report: 08.45 London
• This morning, the Australian dollar is leading markets higher as traders speculate on extensive market reforms to come from China. The Kiwi also performing well on the back of this move.
• Stock markets don’t share this enthusiasm, with the S&P 500 futures barely moving. This follows a wobble last night after hedge fund manager Carl Icahn commented that he believed the market to be heading for a fall.
• The euro is also performing well ahead of today’s ZEW economic sentiment.
Coming up today:
• Coming up today, we have German ZEW Economic sentiment released alongside pan European ZEW economic sentiment.
• From 13.30, we have the US employment cost index along with various treasury then Fed speeches at 13.45, 15.00 and 19.15.
Trade Idea:
• The euro is showing impressive reliance, which might just see it through even a mediocre ZEW release.
• A good way to play this could be a HIGHER trade predicting that the EUR/USD closes above 1.3575 in 7 days time for a potential return of 167%.
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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