• This morning, the yen has continued to weaken with the main yen pairs up around 0.35% this morning. The EUR/JPY is leading the charge, up 0.44% and the USD/JPY up 0.36%.
• Elsewhere, the Pacific currencies of the Australian and New Zealand dollars are down 0.20%, continuing their bearish run.
• Gold is moving into its tight trading range, with the precious metal up by just 0.19% this morning.
Coming up today:
• Coming up today, we have GfK German consumer climate at 09.00.
• UK second estimate GDP follows at 09.30, with Prelim business investment released at the same time. CBI realised sales follow at 11.00.
• From 13.30, we switch to core durable goods with unemployment claims released at the same time. Chicago PMI is out at 14.45, with revised UoM consumer sentiment at 14.55.
Trade Idea:
• The USD/JPY is building a healthy up trend – something the pair can do with some strength when it sets in.
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.
Yen continues weakness
Morning Report: 08.30 London
• This morning, the yen has continued to weaken with the main yen pairs up around 0.35% this morning. The EUR/JPY is leading the charge, up 0.44% and the USD/JPY up 0.36%.
• Elsewhere, the Pacific currencies of the Australian and New Zealand dollars are down 0.20%, continuing their bearish run.
• Gold is moving into its tight trading range, with the precious metal up by just 0.19% this morning.
Coming up today:
• Coming up today, we have GfK German consumer climate at 09.00.
• UK second estimate GDP follows at 09.30, with Prelim business investment released at the same time. CBI realised sales follow at 11.00.
• From 13.30, we switch to core durable goods with unemployment claims released at the same time. Chicago PMI is out at 14.45, with revised UoM consumer sentiment at 14.55.
Trade Idea:
• The USD/JPY is building a healthy up trend – something the pair can do with some strength when it sets in.
• A HIGHER trade predicting that the USD/JPY will close above 102.00 in 7 days could return 130%.
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:
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