Binary.com Daily Market Report (21st Jan)
January 21, 2015 10:00 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 15-17, 2024: buy above $2,328 (200 EMA – 5/8 Murray) April 15, 2024
- Video market update for April 15, 2024 April 15, 2024
- Trading Signals for GBP/USD for April 15-17, 2024: buy above 1.2450 (21 SMA – 0/8 Murray) April 15, 2024
- The dollar has not reached its potential April 15, 2024
- Analysis of GBP/USD. April 15th. Retail sales in the USA allow the dollar to continue rising April 15, 2024
- China’s Q1 GDP growth next on the Asian calendar – Preview April 15, 2024
- Technical Analysis – Goldman Sachs stock gains on strong earnings April 15, 2024
- Trading Signals for ETH/USD (Ethereum) for April 15-17, 2024: buy above $3,125 (200 EMA – 2/8 Murray) April 15, 2024
- Analysis for EUR/USD on April 15th. Monday – a tough day for the euro April 15, 2024
- GBP/USD: trading plan for the US session on April 15th (analysis of morning deals) April 15, 2024
- EUR/USD: trading plan for the US session on April 15th (analysis of morning deals). Euro is at an impasse April 15, 2024
- GBP/USD: Will sterling hold steady against dollar? April 15, 2024
- Technical Analysis – USDJPY rallies to another fresh 34-year high April 15, 2024
- Will Netflix earnings take the share price closer to its record highs? – Stock Markets April 15, 2024
- EUR/USD. April 15th. Bulls panic and retreat from the market April 15, 2024
- GBP/USD. April 15th. The dollar gains confidence April 15, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and the US Dollar Index April 15, 2024
- XM’s Heartfelt Ramadan Iftar Support April 15, 2024
- Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 15th April 15, 2024
- Technical Analysis – US 500 reverses towards 123.6% Fibonacci April 15, 2024
Yen Rebuilds As BOJ Keep Steady
Morning Report: 8.30 London
• This morning, the Japanese yen is the big mover after the Bank of Japan kept their policy unchanged, but did downgrade inflation expectations. The upshot is a near complete reversal of yesterday’s gains, with the USD/JPY down 0.88%. Other yen pairs are following suit, but the AUD/JPY is holding up better, down just 0.58%.
• The Aussie is holding up well, helped by its isolation form the European jitters over the ECB’s QE plans. The NZD/USD is following suit.
• Elsewhere, the dollar pairs are mixed to weak, with the USD/CAD pulling back following big gains yesterday. The dollar index is pulling back from yesterday’s highs.
• Gold continues to travel well ahead of the ECB meeting.
• Stock markets are mixed with the S&P 500 largely unchanged this morning.
Coming up today:
• Coming up today we have the release of the minutes from the last MPC meeting, alongside claimant count change and average earnings data.
• From 13.30 we switch to North America with Canadian wholesale sales and US building permits.
• At 15.00, we have the Canadian rate policy announcement with the press conference at 16.15.
Trade Idea:
• We can only guess what the ECB will actually announce tomorrow. Many analysts have put forward their expectations, but the actual release will come down to Draghi and co. Therefore, the short term direction is highly uncertain. Further out, there may be some value in betting on a continuation of the downside we’ve seen over recent months, especially against the British pound.
A good way to play this is a LOWER trade predicting that the EUR/GBP will close below 0.7600 in 30 days time for a potential return of 125%.
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.
Summary:
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