• Markets rose last night on the twin reassurance of a steady Janet Yellen testimony and the passing of the Greek debt plans by the Troika. The S&P 500 rose to fresh new highs, but the dollar sank on the prospect of a rate hike coming slightly later than previously expected.
• The big movers this morning are the Australian and New Zealand dollars. Both are rallying after impressive construction data and flash manufacturing PMI.
• Elsewhere, commodities are back in favour, with Gold up 0.87%, a move helping the USD/CAD to dip lower again this morning.
Coming up today: • Coming up today we have UK BOE governor Carney speaking at 10.00.
• This is followed by another Yellen testimony and US new home sales at 15.00.
• ECB president Draghhi speaks at 14.30.
Trade Idea:
• The NZD/USD continues to out perform with controllable downswings and impressive upside momentum. Chinese manufacturing might be enough to see further upside over the coming days.
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.
Renewed China Hopes Lift Aussie
Morning Report: 8.15 London
• Markets rose last night on the twin reassurance of a steady Janet Yellen testimony and the passing of the Greek debt plans by the Troika. The S&P 500 rose to fresh new highs, but the dollar sank on the prospect of a rate hike coming slightly later than previously expected.
• The big movers this morning are the Australian and New Zealand dollars. Both are rallying after impressive construction data and flash manufacturing PMI.
• Elsewhere, commodities are back in favour, with Gold up 0.87%, a move helping the USD/CAD to dip lower again this morning.
Coming up today:
• Coming up today we have UK BOE governor Carney speaking at 10.00.
• This is followed by another Yellen testimony and US new home sales at 15.00.
• ECB president Draghhi speaks at 14.30.
Trade Idea:
• The NZD/USD continues to out perform with controllable downswings and impressive upside momentum. Chinese manufacturing might be enough to see further upside over the coming days.
A good way to play this might be a HIGHER trade predicting that the NZD/USD will close above 0.7575 in 15 days could return 130%.
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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