Yen weak on wade trade deficit

Morning Report: 08.45 London

• This morning, the Japanese yen is weak after the trade balance unexpectedly widened, marking the 15th straight month of deficits.

 • The British pound is performing relatively well, with the GBP/JPY up 0.34%.

 • The New Zealand dollar is weak this morning as the dollar index recovers some ground.



 Coming up today:

• Coming up today, we have FOMC members Evans speaking at 13.00.

• US existing home sales follow at 15.00.



Trade Idea:

• The EUR/USD boosted higher last week, but the move could be somewhat overdone, especially with the dollar index stabilising this morning.

A LOWER trade predicting that the EUR/USD closes lower than 1.3600 in 5 days time for a potential return of 205%.

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: