Binary.com Daily Market Report (24th Feb)
February 24, 2016 8:54 amVideo
Latest News
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
- USD/JPY: trading tips for beginners for European session on April 26 April 26, 2024
- GBP/USD: trading tips for beginners for European session on April 26 April 26, 2024
- EUR/USD: trading tips for beginners for European session on April 26 April 26, 2024
Dollar Higher
Again after Poor Data
Morning Report: 06.30 London
• This morning, the US Dollar is on the rise again after a set of poor data releases yesterday. German Ifo business climate came in below expectations, while US CB consumer confidence saw a significant drop.
• Oil prices declined again yesterday, after Saudia Arabia ruled out a deal to cut oil production.
• The Yen pairs are on the back foot, with the EUR/JPY and GBP/JPY seeing sizeable losses.
• The Dollar pairs are mixed, with the GBP/USD continuing to under-perform. The Euro is at least controlling its losses.
• The Australasian pairs are not immune from the selling pressure, with both the AUD/USD and NZD/USD on the back foot.
Coming up today:
• Coming up today we have US new home sales at 15.00, followed by crude oil inventories at 15.30.
• Bank of Canada council member Schembri speaks at 17.50, followed by MPC member Cunliffe speaking at 18.10.
Trade Idea:
• It’s been one way traffic for the GBP/JPY in recent weeks and this could continue as BOE governor Carney discussed negative interest rates yesterday.
A good way to play this is a LOWER trade predicting that the GBP/JPY could lose below 155.00 in 14 days for a potential return of 163%.
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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