• This morning, the US Dollar is on the back foot as markets eye the generally positive bias in the lead up to Thanksgiving. The Dollar index has a slight negative edge, while the Euro holds firm at the lows.
• The Australian Dollar is making small gains ahead of RBA governor Steven’s speech this morning.
• The Yen pairs are the big losers as money switches to the Japanese Yen. The GBP/JPY in particular looks to be in danger of breaking its uptrend.
Coming up today:
• Coming up today we have German IFO business climate at 09.00.
• This is followed by RBA governor Stevens speaking at 09.05.
• At 10.00, we get the latest inflation report hearing for the UK.
• From 13.30, we switch to North America for preliminary GDP, released alongside goods trade balance. From here we switch to US consumer confidence at 15.00.
Trade Idea:
• The Euro remains under pressure despite positive economic data from Germany yesterday. The EUR/JPY is an interesting pair to play this mood on, as the yen keeps the pressure on.
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.
Markets Eye
Thanksgiving Bias
Morning Report: 06.15 London
• This morning, the US Dollar is on the back foot as markets eye the generally positive bias in the lead up to Thanksgiving. The Dollar index has a slight negative edge, while the Euro holds firm at the lows.
• The Australian Dollar is making small gains ahead of RBA governor Steven’s speech this morning.
• The Yen pairs are the big losers as money switches to the Japanese Yen. The GBP/JPY in particular looks to be in danger of breaking its uptrend.
Coming up today:
• Coming up today we have German IFO business climate at 09.00.
• This is followed by RBA governor Stevens speaking at 09.05.
• At 10.00, we get the latest inflation report hearing for the UK.
• From 13.30, we switch to North America for preliminary GDP, released alongside goods trade balance. From here we switch to US consumer confidence at 15.00.
Trade Idea:
• The Euro remains under pressure despite positive economic data from Germany yesterday. The EUR/JPY is an interesting pair to play this mood on, as the yen keeps the pressure on.
A good way to play this is a LOWER trade predicting that the EUR/ JPY will close below 129.50 in 10 days time for a potential return of 198%.
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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