Binary.com Daily Market Report (25th Aug)
August 25, 2015 11:51 amVideo
Latest News
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- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
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- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
- Video market update for April 18, 2024 April 18, 2024
- Technical Analysis – WTI oil futures exit sideways move to the downside April 18, 2024
- Market Comment – US dollar on the back foot as nervousness lingers in equity markets April 18, 2024
- Hot forecast for EUR/USD on April 18, 2024 April 18, 2024
- EUR/USD and GBP/USD: Technical analysis on April 18 April 18, 2024
- Trading plan for GBP/USD on April 18. Simple tips for beginners April 18, 2024
- Trading plan for EUR/USD on April 18. Simple tips for beginners April 18, 2024
- The Fed and global instability: a double blow to American markets April 18, 2024
Markets Primed After Chinese Black Monday
Morning Report: 07.00 London
• European markets are on the rise this morning, attempting something of a come back after China’s Black Monday. Stock markets across the world experience the worst volatility since the 2008 crisis, with Chinese equities separating from the west and slipping further this morning. Both Chinese and Western stock markets had been running too hot of late, but few expected a collapse of this nature. Concern over the future growth of China has coincided with an acute decision for the US Fed over whether to raise interest rates in September.
• Judging by the dollar’s reaction yesterday, the latest ‘taper tantrum’ may work a charm with expectations for the next hike pushing further away from next month. As such, the euro has been a big winner as the US dollar’s biggest trade weighted counterparty. As is often the case, those who fell the most are rebounding quickest this morning though, with the euro lagging.
• The commodity-related currencies were hit hardest yesterday with the AUD/JPY experiencing some wild swings.
• The yen picked up the baton of reserve currency yesterday, with big losses for the US dollar and other currencies such as the pound.
Coming up today:
• Coming up today, we have German Ifo business climate at 09.00.
• US Consumer confidence follows at 15.00.
Trade Idea:
• The GBP/AUD rose sharply yesterday as the Australian dollar bore the full brunt of the Chinese economic storm. Britain is no bed of roses, but is further removed from the problems in China.
We might see some further volatility from here, with further upside a realistic possibility.
A good way to play this is a HIGHER trade predicting that the GBP/AUD will close above 2.2200 in 35 days time for a potential return of 140%.
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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