Binary.com Daily Market Report (29th Feb)
February 29, 2016 8:00 amVideo
Latest News
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
- USD/JPY: trading tips for beginners for European session on April 26 April 26, 2024
- GBP/USD: trading tips for beginners for European session on April 26 April 26, 2024
- EUR/USD: trading tips for beginners for European session on April 26 April 26, 2024
Dollar On Back Foot
Morning Report: 06.30 London
• This morning, the US Dollar is giving back some of Friday’s gains as investors switch back to the Yen.
• The Pound and Euro are making reasonable gains after heavy selling on Friday, but so far these moves appear tentative.
• The big winner is the Japanese Yen, with the Yen pairs set to test the February lows.
• The Australian and New Zealand Dollar are lagging however, with the NZD/USD gapping lower at the open after severe selling on Friday.
Coming up today:
• Coming up today we have German retail sales at 07.00.
• This is followed by UK net lending to individuals at 09.30.
• European CPI flash estimate follows at 10.00.
• Canadian current account data is released at 13.30, alongside RMPI.
• Chicago PMI is released at 14.45, with pending home sales at 15.00.
Trade Idea:
• The GBP/JPY is on the back foot again this morning, extending the recent losing run. Upside is likely to limited until the result of the ‘Brexit’ referendum, making a LOWER trade attractive.
A good way to play this is a LOWER trade predicting that the GBP/JPY closes below 155.00 in 10 days for a potential return of 185%.
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.
Email [email protected] or skype me at bomaffiliates-karen
Related Posts: