Binary.com Daily Market Report (21th Apr)
April 21, 2016 7:54 amVideo
Latest News
- Analysis for GBP/USD on April 29th. The market is waiting for important statistics April 29, 2024
- Technical Analysis – GBPAUD in danger of bearish shift as it tests 50% Fibonacci April 29, 2024
- Trading Signals for EUR/USD for April 29-30, 2024: sell below 1.0750 (200 EMA – 4/8 Murray) April 29, 2024
- Trading Signals for GBP/USD for April 29-30, 2024: sell below 1.2553 (200 EMA – overbought) April 29, 2024
- Weekly Technical Outlook – USDJPY, EURUSD, Oil April 29, 2024
- Trading Signals for GOLD (XAU/USD) for April 29-30, 2024: buy above $2,322 (21 SMA – rebound) April 29, 2024
- Weekly Technical Outlook: 29/04/2024 – USDJPY, EURUSD, Oil April 29, 2024
- Technical Analysis – Apple stock bounces off 1-year low April 29, 2024
- Technical Analysis – GBPUSD recovers from 5-month low April 29, 2024
- USD/JPY: Simple trading tips for novice traders on April 29th (US session) April 29, 2024
- GBP/USD: Simple trading tips for novice traders on April 29th (US session) April 29, 2024
- EUR/USD: Simple trading tips for novice traders on April 29th (US session) April 29, 2024
- GBP/USD: trading plan for the US session on April 29th (analysis of morning deals). The pound continues to be bought at every April 29, 2024
- EUR/USD: trading plan for the US session on April 29th (analysis of morning deals). The euro remains locked in a side channel April 29, 2024
- Technical Analysis – USDJPY plummets after 34-year high of 160.20 April 29, 2024
- EUR/USD. April 29th. The bulls continue to advance April 29, 2024
- GBP/USD. April 29th. Bulls find it extremely difficult to move upwards, but this week could change everything April 29, 2024
- Market Comment – Yen spikes on suspected intervention; big week awaits the dollar April 29, 2024
- Forex forecast 04/29/2024: EUR/USD, GBP/USD, USD/JPY, EUR/JPY, GBP/JPY and BTC from Sebastian Seliga April 29, 2024
- Federal Reserve encounter troubles April 29, 2024
Oil Pushes Through $45
Morning Report: 06.30 London
• This morning, the US dollar is on the back foot after oil prices pushed through $45 yesterday, the highest level in 2016.
• The surge has fuelled fresh moves for commodity currencies, with the AUD/ USD nudging to new highs this morning and the USD/CAD steadily slipping lower.
• After a few days of pressure, the USD/JPY has had a negative start.
• Meanwhile, the euro continues to underperform the pound, with the EUR/GBP negative for nine of the last 10 sessions.
Coming up today:
• Coming up today we have UK retail sales released at 09.30, with public sector borrowing released at the same time.
• From 12.45 we switch focus to the ECB with the latest minimum bid rate followed by the press conference at 13.30.
• Also at 13.30 we get the Philly Fed manufacturing index, released alongside unemployment claims.
• BOE governor Carney speaks at 15.00.
Trade Idea:
• The USD/ CAD is riding a sustained recovery in oil prices and there could be further downside if prices at least stabilise at these levels.
A good way to play this is a LOWER trade predicting that the USD/CAD will close below 1.2500 in 60 days time for a potential return of 131%.
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.
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