Early Lift On Steady Chinese Factory Data

Morning Report: 08:30 London

• This morning, markets are positive across the board, albeit with small interest so far. Chinese factory helped to steady investor’s nerves about the state of the emerging powerhouse, while the turn of the month effect is kicking in for the bulls.                 
         

• The dollar index is weak, helping the majority of the dollar pairs to put in small but consistent gains this morning.

                                                       
                             
                                                                                                                                                                                          
• The yen pairs are following suit as the yen climbs against the Greenback.

                                                     
                                                      
                              

                                                          

• Commodities have shown little movement either way so far.

                                

Coming up today:
• Coming up today we have German unemployment change at 08.55, followed by European final manufacturing PMI at 09.00. Following this, we have UK manufacturing PMI at 09.30, followed by the European unemployment rate at 10.00.
• From 13.30 we switch to North America, with Canadian RMPI followed by US ISM Manufacturing at 15.00.

Trade Idea:
• The NZD/USD is heading back towards the highs after a brief pull back and now could be the time to climb back on board.

                                     

A HIGHER trade predicting that the NZD/USD closes above 0.8700 in 3 days time could return 113% if successful.

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

Summary: