• This morning, the Australian Dollar is flying high after mostly in line Chinese Manufacturing data, with Australian rates staying unchanged at 2.00%. The NZD/USD is following the Aussie higher.
• Elsewhere, the Euro is under performing the British Pound ahead of this week’s ECB meeting where Mario Draghi could announced plans that would weaken the Euro further. By contrast, the Pound sees the released of the latest banking stress tests.
• The US Dollar is on the back foot as the USD/JPY slips lower.
Coming up today:
• Coming up today we have the release of UK Bank Stress results and BOE financial stability report at 07.00. Governor Carney then speaks at 09.00, followed by manufacturing PMI.
• Spanish Manufacturing PMI follows at 08.15.
• German unemployment change is released a 08.55.
• The European unemployment rate is due at 10.00.
• From 13.30, we switch to North America for Canadian GDP. US ISM Manufacturing follows a 15.00.
Trade Idea:
• The AUD/JPY has put in two days of solid gains, helped by the US Dollar taking its foot off the gas. Chinese manufacturing provided further relief this morning, while a rate cut was avoided for another month.
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.
Chinese Manufacturing
(Mostly) In Line
Morning Report: 06.15 London
• This morning, the Australian Dollar is flying high after mostly in line Chinese Manufacturing data, with Australian rates staying unchanged at 2.00%. The NZD/USD is following the Aussie higher.
• Elsewhere, the Euro is under performing the British Pound ahead of this week’s ECB meeting where Mario Draghi could announced plans that would weaken the Euro further. By contrast, the Pound sees the released of the latest banking stress tests.
• The US Dollar is on the back foot as the USD/JPY slips lower.
Coming up today:
• Coming up today we have the release of UK Bank Stress results and BOE financial stability report at 07.00. Governor Carney then speaks at 09.00, followed by manufacturing PMI.
• Spanish Manufacturing PMI follows at 08.15.
• German unemployment change is released a 08.55.
• The European unemployment rate is due at 10.00.
• From 13.30, we switch to North America for Canadian GDP. US ISM Manufacturing follows a 15.00.
Trade Idea:
• The AUD/JPY has put in two days of solid gains, helped by the US Dollar taking its foot off the gas. Chinese manufacturing provided further relief this morning, while a rate cut was avoided for another month.
There is further upside potential from here and a good way to play this is a HIGHER trade predicting that the AUD/JPY will close above 90.00 in 20 days for a potential return of 160%.
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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