• This morning, stock markets are experiencing their typical post Thanksgiving lull, but strong Chinese manufacturing data is helping to keep risk assets in the black this morning.
• The big winners are the Australian and New Zealand dollars, espcially after strong Australian building approvals and company operating profits.
• The pound is also performing well after another UK growrth upgrade over the weekend.
Coming up today:
• Coming up today we have European manfuacturing PMI at 09.00, followed by UK data at 09.30.
• From 13.30, Fed Chairman Bernanke speaks, with US ISM manufacturing PMI at 15.00.
Trade Idea:
• The yen pairs are performing well again this morning, with the USD/ JPY extending its recent uptrend. When this pair gets going, it can run and run in either direction so there could be more upside from 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.
China data trumps Thanksgiving lull
Morning Report: 08.30 London
• This morning, stock markets are experiencing their typical post Thanksgiving lull, but strong Chinese manufacturing data is helping to keep risk assets in the black this morning.
• The big winners are the Australian and New Zealand dollars, espcially after strong Australian building approvals and company operating profits.
• The pound is also performing well after another UK growrth upgrade over the weekend.
Coming up today:
• Coming up today we have European manfuacturing PMI at 09.00, followed by UK data at 09.30.
• From 13.30, Fed Chairman Bernanke speaks, with US ISM manufacturing PMI at 15.00.
Trade Idea:
• The yen pairs are performing well again this morning, with the USD/ JPY extending its recent uptrend. When this pair gets going, it can run and run in either direction so there could be more upside from here.
• A HIGHER trade predicting that the USD/ JPY closes above 103.00 in 7 days time could return 128% if successful.
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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