Binary.com Daily Market Report (29th Jan)
January 29, 2015 10:33 amVideo
Latest News
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- The Fed and global instability: a double blow to American markets April 18, 2024
- Forecast for EUR/USD on April 18, 2024 April 18, 2024
- Forecast for GBP/USD on April 18, 2024 April 18, 2024
- Forecast for AUD/USD on April 18, 2024 April 18, 2024
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
- Outlook for EUR/USD on April 18. Euro has fallen into a new flat April 18, 2024
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
- Powell made a bold point, and Bailey did not report anything important April 18, 2024
- Will the euro take a risk? April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
Aussie Slips As Dollar Receives Fed Boost
Morning Report: 8.30 London
• This morning, stock markets are stable after selling off heavily into the close last night. The Federal reserve kept on message, reiterating that the ‘patient’ is recovering with means a rate hike is more likely than not this year. Stock markets don’t like the sound of an end to the era of cheap credit so threw their toys out of the bathwater.
• Meanwhile, the dollar index strengthened in line with interest rate expectations.
• The big mover this morning is the Australian dollar, which is dropping in the face of the strong US dollar and weak import prices data.
• Overnight there was little to cheer about from New Zealand with a trade balance that ballooned more than expected.
• The euro is generally blowing with the breeze today and not showing any relative weakness or out performance.
Coming up today:
• Coming up today we have UK CBI sales at 11.00.
• This is followed by US unemployment claims at 13.30, with pending home sales at 15.00.
Trade Idea:
• The USD/CAD continues to strengthen as oil prices test new lows.
New highs could be in the offing here and a good way to play this is a HIGHER trade predicting that the USD/CAD will close above 1.2600 in 7 days could return 182% 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.
Summary:
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