Binary.com Daily Market Report (19th Oct)
October 19, 2015 9:51 amVideo
Latest News
- Forecast for EUR/USD on April 29, 2024 April 29, 2024
- Forecast for GBP/USD on April 29, 2024 April 29, 2024
- Forecast for USD/JPY on April 29, 2024 April 29, 2024
- Key events on April 29: fundamental analysis for beginners April 29, 2024
- Trading plan for GBP/USD on April 29. Simple tips for beginners April 29, 2024
- Trading plan for EUR/USD on April 29. Simple tips for beginners April 29, 2024
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
China GDP Gives Markets
Early Lift
Morning Report: 06.30 London
• This morning, markets have a positive bias after Chinese GDP figures came in slightly above expectations. These figures were still the slowest quarterly rate since 2009, but the emerging service sector is helping to offset slowing industrials. The dollar index has a slight negative bias as traders continue to bet on a delayed rate hike.
• The euro is recovering after a slightly negative session on Friday where strong US consumer sentiment nudged the Fed argument back towards a hike.
• The NZD/USD is also positive, with the AUD/USD looking to recover its larger deficit from Friday.
• Meanwhile, gold looks set for its third negative session in a row.
Coming up today:
• Market reaction to the Chinese GDP data is likely to dominate today’s trading as we have a light economic calendar today. The main highlight is FOMC member Brainard speaking at 15.00.
Trade Idea:
• The euro appears to be taking two steps backwards for every three steps forwards, but at least it is moving off the September lows.
Progress may be slow, but a good way to play this could be a HIGHER trade predicting that the EUR/USD will close above 1.1400 in 14 days time for a potential return of 109%.
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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