• Markets are quiet this morning after a weekend offering little by the way of shocks. Even another round of Greek elections is now longer a front page event judging by this morning’s market reaction. The US dollar is unchanged after fighting back on Friday.
• The Australian dollar has slipped into defence mode, with the AUD/JPY and AUD/USD up around a third of a percent. The GBP/AUD is also travelling higher as a result.
Coming up today:
• Coming up today we have Canadian Wholesale sales at 13.30.
• This is followed by US existing home sales at 15.00. FOMC member Lockhart speaks at 18.00.
• Bank of Canada governor Poloz speaks at 19.45.
Trade Idea:
• The NZD/USD has built a slow but steady advance in recent weeks from the base around 0.6280. This is unravelling this morning however as the dust settles on the FOMC decision.
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.
Aussie Advance Stumbles
Morning Report: 08.00 London
• Markets are quiet this morning after a weekend offering little by the way of shocks. Even another round of Greek elections is now longer a front page event judging by this morning’s market reaction. The US dollar is unchanged after fighting back on Friday.
• The Australian dollar has slipped into defence mode, with the AUD/JPY and AUD/USD up around a third of a percent. The GBP/AUD is also travelling higher as a result.
Coming up today:
• Coming up today we have Canadian Wholesale sales at 13.30.
• This is followed by US existing home sales at 15.00. FOMC member Lockhart speaks at 18.00.
• Bank of Canada governor Poloz speaks at 19.45.
Trade Idea:
• The NZD/USD has built a slow but steady advance in recent weeks from the base around 0.6280. This is unravelling this morning however as the dust settles on the FOMC decision.
A good way to play this is a LOWER trade predicting that the NZD/USD will close below 0.6300 in 10 days time for a potential return of 156%.
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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