Kiwi Leads Despite
Dollar Domination

Morning Report: 06.15 London

• This morning, the NZD/USD the leading gainer on a slow Monday after New Zealand ANZ business confidence came in above expectations. The Australian Dollar is riding on the move’s coat tails, helped by strong company operating profits.
                       

• The Dollar is still dominating, while the Euro struggles to make any progress off the lows.

• Gold is struggling again after suffering heavy falls on Friday.

Coming up today:

• Coming up today, we have UK net lending to individuals at 09.30.

• From 13.30 we switch to North America, starting with Canadian current account data , followed by Chicago PMI at 14.45 and pending homes sales at 15.00.

Trade Idea:

• The Canadian Dollar continues to suffer as oil prices struggle to gain any sort of traction.
                      

With the Dollar still dominating, there is still upside potential from here and a good way to play this is a HIGHER trade predicting that the USD/CAD will close above 1.3450 in 18 days for a potential return of 143%.

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