• Markets are a real mixed bag this morning, with no real dominant trend to speak of. The major trends of the last few weeks are still holding, with the S&P 500 and dollar index set at the highs.
• Elsewhere, the NZD/USD and AUD/USD have nudged higher despite poor Aussie construction work data.
• The USD/JPY has peeled back slightly again, with the GBP/JPY showing some relative weakness ahead of today’s advanced GDP data.
• Silver is backing off after rallying this week with gold. Coming up today: • Coming up today we have UK second estimate GDP at 09.30, alongside prelim business investment. This is followed by CBI realised sales at 11.00.
• From 13.30 we switch to the US for core durable goods orders and unemployment claims. At the same time we get personal spending data.
• Chicago PMI follows at 14.45, with revised UoM consumer sentiment at 14.55.
• New home sales at 15.00 is one of the day’s big tickets with a small rise expected. Trade Idea:
• With no dominant trend across the board today, it may pay to ride the longer term trends and for the yenpairs, this is higher.
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.
UK GDP In Focus
Morning Report: 08.30 London
• Markets are a real mixed bag this morning, with no real dominant trend to speak of. The major trends of the last few weeks are still holding, with the S&P 500 and dollar index set at the highs.
• Elsewhere, the NZD/USD and AUD/USD have nudged higher despite poor Aussie construction work data.
• The USD/JPY has peeled back slightly again, with the GBP/JPY showing some relative weakness ahead of today’s advanced GDP data.
• Silver is backing off after rallying this week with gold.
Coming up today:
• Coming up today we have UK second estimate GDP at 09.30, alongside prelim business investment. This is followed by CBI realised sales at 11.00.
• From 13.30 we switch to the US for core durable goods orders and unemployment claims. At the same time we get personal spending data.
• Chicago PMI follows at 14.45, with revised UoM consumer sentiment at 14.55.
• New home sales at 15.00 is one of the day’s big tickets with a small rise expected.
Trade Idea:
• With no dominant trend across the board today, it may pay to ride the longer term trends and for the yen pairs, this is higher.
A good way to play this is a HIGHER trade predicting that the GBP/JPY will close above 185.75 in 2 days time for a potential return of 123%.
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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