• This morning, the Australian dollar is still leaking pips as China gropes for a turnaround. The AUD/JPY is down by 0.66%, with the AUD/USD down 0.44%.
• Elsewhere, commodities are mixed with gold climbing and oil stuck in an ugly range. The US dollar is easing off this morning.
• Elsewhere, the euro is holding up reasonably well, while the GBP/ USD is stable after two days of heavy selling.
Coming up today:
• Today we have EU targeted LTRO data from 10.15. • This is followed by US core durable goods orders at 13.30 and unemployment claims released at the same time. • Fed Chair Yellen speaks at 22.00.
Trade Idea:
• The USD/JPY remains in a tight range, with a breakout on the cards soon. For the US, it still remains a case of when not if for rate hike in the US.
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.
Aussie Trickles Lower
Morning Report: 09.00 London
• This morning, the Australian dollar is still leaking pips as China gropes for a turnaround. The AUD/JPY is down by 0.66%, with the AUD/USD down 0.44%.
• Elsewhere, commodities are mixed with gold climbing and oil stuck in an ugly range. The US dollar is easing off this morning.
• Elsewhere, the euro is holding up reasonably well, while the GBP/ USD is stable after two days of heavy selling.
Coming up today:
• Today we have EU targeted LTRO data from 10.15.
• This is followed by US core durable goods orders at 13.30 and unemployment claims released at the same time.
• Fed Chair Yellen speaks at 22.00.
Trade Idea:
• The USD/JPY remains in a tight range, with a breakout on the cards soon. For the US, it still remains a case of when not if for rate hike in the US.
As such, a USD/JPY breakout may be more likely on the upside. A good way to play this is a HIGHER trade predicting that the USD/JPY closes above 121.00 in 14 days for a potential return of 171%.
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.
Summary:
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