Binary.com Daily Market Report (23nd Jun)
June 23, 2016 7:24 amVideo
Latest News
- Technical Analysis – NZDUSD bounces off 5-month low April 17, 2024
- Overview for the EUR/USD pair on April 17th. There is no single reason for the euro to rise April 17, 2024
- Key events on April 17: fundamental analysis for beginners April 17, 2024
- Trading plan for GBP/USD on April 17. Simple tips for beginners April 17, 2024
- Trading plan for EUR/USD on April 17. Simple tips for beginners April 17, 2024
- Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Wednesday April 17, 2024. April 17, 2024
- Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday April 17, 2024. April 17, 2024
- Forecast for EUR/USD on April 17, 2024 April 17, 2024
- Forecast for GBP/USD on April 17, 2024 April 17, 2024
- Forecast for USD/JPY on April 17, 2024 April 17, 2024
- Outlook for EUR/USD on April 17. A boring Monday seamlessly transitioned into a boring Tuesday April 17, 2024
- Will the euro manage to save itself? April 17, 2024
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
Pound Wobbles on Polling Day
Morning Report: 07.00 London
• Well after months of (negative) campaigning on both sides, the UK’s EU referendum finally goes to the polling stations. Polls still have remain firmly in the lead, but this morning we’re seeing an early pound wobble, so markets are clearly recognising that the result is far from guaranteed. The GBP/USD and GBP/JPY are trading lower after initial gains this morning.
• The EUR/GBP is pushing higher as money flows back into the euro.
• Across markets, the US dollar is slipping lower again, while money flows back into the Japanese yen, which appears to be acting as the ultimate safe haven presently.
Coming up today:
• We have a busy morning in Europe, with French manufacturing PMI and flash services at 08.00. German data then follows at 08.30, with pan European data at 09.00.
• Then at 13.30 we get US unemployment claims, with US new home sales at 15.00.
• Expect continued speculation on Brexit throughout the day.
Trade Idea:
• With the Brexit vote expected to go down to the wire, it may be best to turn attention to other markets with strong trends.
One such candidate is the AUD/USD which is pushing higher in generally benign trading conditions from China.
A good way to play this may be a HIGHER trade predicting that the AUD/USD will close above 0.7650 in 14 days for a potential return of 181%.
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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