• This morning, the pound is on the rise after two days of selling sparked by referendum polls on EU membership narrowing. The EUR/GBP looks set for another day of gains, though.
• Elsewhere, the yen pairs continue to sell off, especially the AUD/JPY which is suffering after retail sales dropped more than expected.
• Meanwhile, the US dollar is loitering around the highs, just as oil prices remain within a day’s session of $50.
Coming up today:
• Coming up today, we have Spanish unemployment change at 08.00.
• This is followed by UK constructions PMI.
• At 12.45 we get the latest ECB minimum bid rate, followed by the press conference at 13.30.
• US ADP non-farm employment change is probably the main ticket at 13.15, followed by unemployment claims at 13.30.
• BOE governor Carney speaks at 14.00.
• OPEC meetings run throughout the day, with US crude oil inventories at 16.00.
Trade Idea:
• The USD/JPY’s reversal since Monday has been notable as it arrived just as oil prices breach $50. With OPEC meeting today and US crude inventories due, we could see some further movement over the coming week.
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.
Pounds Levels after Brexit Scare
Morning Report: 06.30 London
• This morning, the pound is on the rise after two days of selling sparked by referendum polls on EU membership narrowing. The EUR/GBP looks set for another day of gains, though.
• Elsewhere, the yen pairs continue to sell off, especially the AUD/JPY which is suffering after retail sales dropped more than expected.
• Meanwhile, the US dollar is loitering around the highs, just as oil prices remain within a day’s session of $50.
Coming up today:
• Coming up today, we have Spanish unemployment change at 08.00.
• This is followed by UK constructions PMI.
• At 12.45 we get the latest ECB minimum bid rate, followed by the press conference at 13.30.
• US ADP non-farm employment change is probably the main ticket at 13.15, followed by unemployment claims at 13.30.
• BOE governor Carney speaks at 14.00.
• OPEC meetings run throughout the day, with US crude oil inventories at 16.00.
Trade Idea:
• The USD/JPY’s reversal since Monday has been notable as it arrived just as oil prices breach $50. With OPEC meeting today and US crude inventories due, we could see some further movement over the coming week.
A good way to play this is a LOWER trade predicting that the USD/JPY will close below 108.50 in 12 days for a potential return of 139%.
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.
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