• Emerging markets such as Turkey have taken bold steps to address their falling currencies in the last 24 hours, a move that has settle markets somewhat. The S&P 500 put in a strong performance yesterday and is broadly unchanged this morning.
• Commodities are seeing the biggest movements so far, with gold off by 0.29% and silver down by 0.26%.
• With its strong commodity links, its no surprise that the AUD/JPY is also nudging back, matching the moves in the S&P 500.
Coming up today:
• Coming up today we have a speech from BOE governor Carney due at 12.15.
• From 19.00 we have the latest FOMC statement, followed by the RBNZ cash rate at 20.00.
Trade Idea:
• The pound has continued to outperform its peers as the mini housing boom takes hold. The move could have further to run, and a HIGHER trade looks attractive here.
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.
Commodities slip back as markets settle
Morning Report: 08.45 London
• Emerging markets such as Turkey have taken bold steps to address their falling currencies in the last 24 hours, a move that has settle markets somewhat. The S&P 500 put in a strong performance yesterday and is broadly unchanged this morning.
• Commodities are seeing the biggest movements so far, with gold off by 0.29% and silver down by 0.26%.
• With its strong commodity links, its no surprise that the AUD/JPY is also nudging back, matching the moves in the S&P 500.
Coming up today:
• Coming up today we have a speech from BOE governor Carney due at 12.15.
• From 19.00 we have the latest FOMC statement, followed by the RBNZ cash rate at 20.00.
Trade Idea:
• The pound has continued to outperform its peers as the mini housing boom takes hold. The move could have further to run, and a HIGHER trade looks attractive here.
A HIGHER trade predicting that the GBP/USD will close above 1.6650 in 14 days time could return 125%.
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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