• Financial markets extended their losing run last night, after Apple missed earnings estimates. However, markets are putting in a good rebound this morning, erasing all of yesterday’s losses.
• The main ‘risk on’ pairs of the AUD/JPY, AUD/USD and NZD/USD are performing well, with the AUD/JPY jumping by 0.80% this morning.
• The yen pairs are generally strong, with the GBP/JPY up another 0.26% as the pound continues to out perform the euro, with the EUR/GBP down 0.20%.
Coming up today:
• Coming up today, we have UK GDP figures which are expected to show a strong increase of 0.7%.
• From 13.30, we switch to the US with core durable goods orders, followed by the S&P 500/ CS Composite house price index at 14.00 and CB consumer confidence at 15.00.
Trade Idea:
• Markets are skittish at the moment, jumping from big losses to large gains from one day to the next. The AUD/JPY has statistically been a good pair to trade the follow on move and if any up trend were to set in from here, the AUD/JPY would be the front runner.
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.
Markets shrug off Apple miss
Morning Report: 08.45 London
• Financial markets extended their losing run last night, after Apple missed earnings estimates. However, markets are putting in a good rebound this morning, erasing all of yesterday’s losses.
• The main ‘risk on’ pairs of the AUD/JPY, AUD/USD and NZD/USD are performing well, with the AUD/JPY jumping by 0.80% this morning.
• The yen pairs are generally strong, with the GBP/JPY up another 0.26% as the pound continues to out perform the euro, with the EUR/GBP down 0.20%.
Coming up today:
• Coming up today, we have UK GDP figures which are expected to show a strong increase of 0.7%.
• From 13.30, we switch to the US with core durable goods orders, followed by the S&P 500/ CS Composite house price index at 14.00 and CB consumer confidence at 15.00.
Trade Idea:
• Markets are skittish at the moment, jumping from big losses to large gains from one day to the next. The AUD/JPY has statistically been a good pair to trade the follow on move and if any up trend were to set in from here, the AUD/JPY would be the front runner.
A ONE TOUCH trade predicting that the AUD/JPY will close above 91.45 in 2 days time could return 107%.
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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