• This morning, financial markets are on the rise again, with the S&P 500 now just a day’s session away from breaking the record closing high set just three weeks ago.
• Elsewhere, the dollar index has broken high, extending the recent bull run to post a fresh 11 month high.
• This strong dollar is in part due to the weak yen as Japanese trade balance unexpectedly widened overnight. The main yen pairs have all been pushed higher as a result.
• The British pound is recovering much of the ground lost yesterday, with the GBP/JPY one of he biggest movers today.
• The main dollar pairs are all suffering at the hands of the strong dollar, with the EUR/USD and NZD/USD notable for their losses.
Coming up today:
• Coming up today we have the release of the most recent MPC voting patterns with no surprises expected.
• Following this we have UK CBI industrial order expectations at 11.00.
• From 13.30, we switch to the US with Canadian wholesale sales followed by the day’s main ticket – the release of the minutes from the last FOMC meeting.
Trade Idea:
• It’s hard to ignore the NZD/USD’s downside momentum at the moment, making a LOWER trade look attractive here.
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Dollar Breaks Higher
Morning Report: 09.00 London
• This morning, financial markets are on the rise again, with the S&P 500 now just a day’s session away from breaking the record closing high set just three weeks ago.
• Elsewhere, the dollar index has broken high, extending the recent bull run to post a fresh 11 month high.
• This strong dollar is in part due to the weak yen as Japanese trade balance unexpectedly widened overnight. The main yen pairs have all been pushed higher as a result.
• The British pound is recovering much of the ground lost yesterday, with the GBP/JPY one of he biggest movers today.
• The main dollar pairs are all suffering at the hands of the strong dollar, with the EUR/USD and NZD/USD notable for their losses.
Coming up today:
• Coming up today we have the release of the most recent MPC voting patterns with no surprises expected.
• Following this we have UK CBI industrial order expectations at 11.00.
• From 13.30, we switch to the US with Canadian wholesale sales followed by the day’s main ticket – the release of the minutes from the last FOMC meeting.
Trade Idea:
• It’s hard to ignore the NZD/USD’s downside momentum at the moment, making a LOWER trade look attractive here.
A LOWER trade predicting that the NZD/USD will close below 0.8375 in 7 days time could return 143%.
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Summary:
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