• This morning, the S&P 500 is still reeling from yesterday’s poor GDP figures. The dollar stabilised yesterday after the GDP news as the Green offers both a safe haven and US economic proxy.
• The big mover yesterday is the New Zealand dollar after the RBNZ shifted to more of an ‘easing’ policy.
• The Australian dollar is the biggest mover today, falling back significantly despite the dollar’s indifference.
• By contrast, the euro is on the charge on the hope that the new Greek negotiating team will bring things towards a positive conclusion in Europe.
Coming up today:
• Coming up today we European CPI flash estimate and unemployment rate data at 10.00.
• Following this, we get Canadian GDP followed by US unemployment claims at 13.30. Personal spending and employment costs index are released at the same time.
• US Chicago PMI follows at 14.45, with BOC governor Poloz speaking at 15.30. Trade Idea:
• The EUR/USD is rapidly shifting tune and rising as the dollar backs off.
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.
RBNZ Shifts To Easing Policy
Morning Report: 07.00 London
• This morning, the S&P 500 is still reeling from yesterday’s poor GDP figures. The dollar stabilised yesterday after the GDP news as the Green offers both a safe haven and US economic proxy.
• The big mover yesterday is the New Zealand dollar after the RBNZ shifted to more of an ‘easing’ policy.
• The Australian dollar is the biggest mover today, falling back significantly despite the dollar’s indifference.
• By contrast, the euro is on the charge on the hope that the new Greek negotiating team will bring things towards a positive conclusion in Europe.
Coming up today:
• Coming up today we European CPI flash estimate and unemployment rate data at 10.00.
• Following this, we get Canadian GDP followed by US unemployment claims at 13.30. Personal spending and employment costs index are released at the same time.
• US Chicago PMI follows at 14.45, with BOC governor Poloz speaking at 15.30.
Trade Idea:
• The EUR/USD is rapidly shifting tune and rising as the dollar backs off.
A good way to play this is a HIGHER trade predicting that the EUR/USD will close above 1.1200 in 7 days time for a potential return of 110%.
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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