Aussie snap reversal on producer woes

Morning Report: 08.45 London

• This morning, the Australian dollar is falling back severely after the country’s largest oil & gas engineer posted poor financial result. The AUD/JPY is down 0.62%, with the AUD/USD off by 0.42%.

• The yen is performing well, with the USD/JPY off by 0.22% and the EUR/JPY falling back sharply from the highs after German PPI came in below estimates.

Coming up today:

• Coming up today we have the release of the voting patterns from the last MPC meeting.

• From 13.30, we have US core CPI and retail sales. Existing home sales follow at 15.00, with the release of the latest FOMC meeting minutes at 19.00.

Trade Idea:

• The AUD/JPY is performing poorly this morning, but the move seems something of an overreaction.

• A good way to play this is a HIGHER trade predicting that the AUD/JPY will close above 94.25 in 2 days time for a potential return of 135%.

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:

PLACE A TRADE NOW

Want to learn more?

Daily report	Weekly Live Trading Room	Monthly Webinars

Check out our daily market reports written by Dave Evans, Professional Trader to stay up to date with the latest world’s financial news.	Join our analysts LIVE twice a week for a comprehensive analysis of recent developments and trends in the global financial markets.	Watch, earn and learn for FREE! Binary.com teams up with Professional Speakers on a monthly basis to teach you trading techniques and ways you can profit with binary trading.

Have a question? Need Help?
Email [email protected] or skype me at bomaffiliates-karen

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.