Dollar In Demand Once Again

Morning Report: 08.00 London

• This morning the dollar index is proving to be in demand once again, closing above its moving average last night and pushing higher again this morning.
                                                                 

                               

• The S&P 500 is neutral after backing off last night, capping four days of straight gains.

                               
                                                                                                                                                                   
• Elsewhere, the dollar pairs are mixed, with the NZD/USD slipping lower.

                               

• The EUR/USD continues to show weakness, falling lower again this morning.

                               
                                                
• Gold and silver are on the rise following a sell-off yesterday.

                               
                     
                               

Coming up today:

• Coming up today we have German Flash Manufacturing PMI at 08.30, followed by pan European data at 09.00.

• UK retail sales follow at 09.30, with CBI industrial order expectations at 11.00.

• US unemployment claims are released at 13.30.

Trade Idea:

• The EUR/USD down trend seems to be getting back on track as the dollar index reasserts its dominance.

                               

• This makes a LOWER trade attractive.

A LOWER trade predicting that the EUR/USD will close below 1.2600 in 5 days time could return 140% if successful.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: