Binary.com Daily Market Report (22th Mar)
March 22, 2016 8:57 amVideo
Latest News
- Less reason to expect the dollar to weaken April 23, 2024
- The dollar is armed April 23, 2024
- GBP/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- EUR/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- GBP/USD: trading plan for the US session on April 22nd (analysis of morning deals). The pound continues to fall April 22, 2024
- EUR/USD: trading plan for the US session on April 22nd (analysis of morning deals). The euro will continue trading within April 22, 2024
- EUR/USD. April 22nd. Christine Lagarde’s speech will set the tone for the week April 22, 2024
- Technical Analysis – EURGBP brings bullish scenario back to the table April 22, 2024
- GBP/USD. April 22nd. The bulls continue to retreat April 22, 2024
- Can Australian CPI data lift the struggling aussie? – Preview April 22, 2024
- Meta reports Q1 earnings after new AI model – Stock markets April 22, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and US dollar index on April 22, 2024
- Technical Analysis – GBPUSD tumbles to 5-month low April 22, 2024
- Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 22nd April 22, 2024
- Video market update for April 22, 2024 April 22, 2024
- Weekly Technical Outlook: 22/04/2024 – Dollar index, USDJPY, EURUSD April 22, 2024
- Market Comment – Risk appetite returns as geopolitical fears calm April 22, 2024
- Weekly Technical Outlook – Dollar index, USDJPY, EURUSD April 22, 2024
- Forex forecast 04/22/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga April 22, 2024
- USD/JPY: trading tips for beginners for European session on April 22 April 22, 2024
Markets Turn Positive
Morning Report: 06.30 London
• In a sign of market’s increasing stability over the last week or so, the benchmark US stock market the S&P 500 turned positive for 2016 on Friday and held those gains yesterday. On forex markets, this is translating into a weaker US Dollar and this is what we’re seeing this morning as the Greenback backs off slightly.
• Dollar pairs are enjoying small gains this morning, with the EUR/USD on the rise and the GBP making back some of yesterday’s losses.
• Commodity currencies are performing well as general confidence returns, with the AUD/USD nudging back towards the 2016 highs, while the NZD/USD some way to go to recover from last week’s gap lower.
Coming up today:
• Coming up today we have a slew of European data with French flash manufacturing PMI and flash services PMI at 08.00. The corresponding German and European data follows at 08.30 and 09.00 respectively. German Ifo business climate is also released at 09.00.
• Following this we switch to the UK for CPI, PPI, public sector net borrowing and the latest RPI data.
• German ZEW economic sentiment then follows at 10.00.
• MPC member Forbes speaks at 13.30.
Trade Idea:
• With so much European data out today, it might be sensible to look elsewhere for a trade until the dust has settled.
• One pair still showing good momentum is the USD/CAD as the weak US Dollar meets a recovering Canadian Dollar. With oil prices holding above $41, there could be more downside from here.
A good way to play this is a LOWER trade predicting that the USD/CAD will close below 1.3000 in 21 days for a potential return of 125%.A
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.
Email [email protected] or skype me at bomaffiliates-karen
Related Posts: