Markets withstand Asian decline

Morning Report: 08.45 London

• Asian and emerging markets took a slide over the weekend, but so far, US futures are resolute, putting in early gains.

• The Australian pairs are seeing the biggest movement, with the AUD/JPY up 0.58% and the AUD/USD up 0.42%.



• The yen pairs are generally performing well, with the GBP/JPY up 0.46% and the EUR/JPY up 0.29%.

 Coming up today:

• Coming up today, we have German Ifo business climate at 09.00. This is followed by the German Buba monthly report at 11.00.

• US new home sales follow at 15.00.

• We switch back to Germany at 18.00 with German Buba President Weidmann speaking.

Trade Idea:

• This morning’s EUR/JPY could be a good chance to reload on short side bets as the down trend continues.

A good way to play this could be a LOWER trade predicting that the EUR/JPY is LOWER than 139.50 in 2 days time could return 229%.

This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.

Summary: