Binary.com Daily Market Report (23th Nov)
November 23, 2015 7:48 amVideo
Latest News
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- Forecast for EUR/USD on April 18, 2024 April 18, 2024
- Forecast for GBP/USD on April 18, 2024 April 18, 2024
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- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
Dollar Back In Driving Seat
Morning Report: 06.15 London
• This morning, the US Dollar is once again in command of FX flows, with the US Dollar index heading back towards the November highs and Dollar pairs suffering.
• The big losers so far have been the Australian and New Zealand Dollars, often then bellwether of risk taking on financial markets.
• Commodity currencies continue to struggle, with the Canadian Dollar suffering two days of significant gains for the USD/CAD.
• The Euro is also experiencing follow on selling, with Belgium still on lock down.
Coming up today:
• Coming up today we have French flash manufacturing PMI at 08.00, with German flash manufacturing at 08.30. Pan European manufacturing PMI follows at 09.00. Service PMI data is released at the same time.
• Existing home sales follow at 15.00.
• Euro group meetings run throughout the day.
Trade Idea:
• The USD/JPY continues to mirror the general strength of the Dollar generally. The Dollar is setting the pace at the moment and it make sense to back the leader right now.
A good way to play this is a HIGHER trade predicting that the USD/JPY will close above 123.50 in 10 days time for a potential return of 128%.
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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