• This morning, the dollar index hit its highest levels since June, though is pushing back slightly from those highs. The S&P 500 by contrast broke through resistance last night to hit a new record high.
• The dollar index strength is putting pressure on commodities, with gold and silver down again by 0.48% and 0.33% respectively.
• The NZD/USD is continuing is down swing, off another 0.39% this morning.
• The Aussie has been volatile after Chinese flash manufacturing came in above estimates. Though the failure to push through to new highs is notable on the back of such good news.
• The euro is also enjoying some interest after German manufacturing PMI came in above estimates.
Coming up today:
• Coming up today we have European flash manufacturing at 09.00.
• This is followed by UK retail sales at 09.30.
• US unemployment claims follow 13.30, with new home sales at 15.00.
Trade Idea:
• The NZD/USD’s weakness is notable considering the strong China data this morning. As such it could be a good time to reload on short trades.
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Dollar Heads For 2014 Highs
Morning Report: 08.45 London
• This morning, the dollar index hit its highest levels since June, though is pushing back slightly from those highs. The S&P 500 by contrast broke through resistance last night to hit a new record high.
• The dollar index strength is putting pressure on commodities, with gold and silver down again by 0.48% and 0.33% respectively.
• The NZD/USD is continuing is down swing, off another 0.39% this morning.
• The Aussie has been volatile after Chinese flash manufacturing came in above estimates. Though the failure to push through to new highs is notable on the back of such good news.
• The euro is also enjoying some interest after German manufacturing PMI came in above estimates.
Coming up today:
• Coming up today we have European flash manufacturing at 09.00.
• This is followed by UK retail sales at 09.30.
• US unemployment claims follow 13.30, with new home sales at 15.00.
Trade Idea:
• The NZD/USD’s weakness is notable considering the strong China data this morning. As such it could be a good time to reload on short trades.
A good way to play this a LOWER trade predicting that the NZD/USD is below 0.8550 in 5 days time for a potential return of 166%
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Summary:
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