Binary.com Daily Market Report (28th Apr)
April 28, 2016 8:27 amVideo
Latest News
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- 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
- Fed to keep policy tight for longer than markets view April 18, 2024
- 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
Yen Surges as BoJ Holds
Morning Report: 06.30 London
• This morning, the yen is surging after the Bank of Japan opted to keep its policy on hold. Speculation was rife that the BoJ would be cutting interest rates on loans and extending stimulus, but BoJ governor Haruhiko Kuroda has shocked many by apparently backing the economy. Yen pairs are uniformly down around 2% this morning.
• The dollar index is also slipping lower in the face of the powerful yen move.
• Meanwhile oil prices continue to stabilise, with a solid move above $45 yesterday.
Coming up today:
• Coming up today we have Spanish flash CPI and unemployment rate at 08.00. This is follow by German unemployment data at 08.00.
• Following this we get US advanced GDP at 13.30, with unemployment claims released at the same time.
Trade Idea:
• Oil prices continue to stabilise and with the BoJ giving the US economy an inferred vote of confidence, there could be more upside.
The USD/CAD could be a good way to play this move with the Canadian dollar’s reliance on oil. A LOWER trade predicting that the USD/CAD will close below 1.2500 in 21 days time could return 133% if successful.
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.
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