• This morning, markets are stable after the S&P 500 narrowly avoided making fresh 2015 lows yesterday. We are still heading for the worst quarter for US markets since 2011. The dollar index is falling back this morning after pushing and holding at the highs for days.
• The Aussie dollar recovered from early weakness yesterday and is building on the positive momentum with moderate gains. The NZD/USD is following suit.
• The British pound is outperforming slightly this morning after Carney’s speech last night. The EUR/GBP is so far negative for the first time in many days.
Coming up today:
• We have a busy day ahead today with German unemployment change at 08.55.
• This is followed by UK current account data at 09.30, released alongside UK final GDP data. Analysts are expecting gains of 0.7%.
• From here we get a slew of European data including CPI flash estimate and the unemployment rate.
• FOMC member Dudley speaks at 13.00.
• The Main highlight is ADP non farm employment change at 13.15 with gains of 192k expected.
• Canadian GDP follows at 13.30, with US Chicago PMI at 14.45.
• Fed Chair Yellen speaks at 20.00 to cap a very busy day.
Trade Idea:
• The AUD/USD stabilised yesterday, but we are now at the start of a busy week for economic releases with payrolls still to come on Friday.
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.
Stocks Take Fright
Morning Report: 06.45 London
• This morning, markets are stable after the S&P 500 narrowly avoided making fresh 2015 lows yesterday. We are still heading for the worst quarter for US markets since 2011. The dollar index is falling back this morning after pushing and holding at the highs for days.
• The Aussie dollar recovered from early weakness yesterday and is building on the positive momentum with moderate gains. The NZD/USD is following suit.
• The British pound is outperforming slightly this morning after Carney’s speech last night. The EUR/GBP is so far negative for the first time in many days.
Coming up today:
• We have a busy day ahead today with German unemployment change at 08.55.
• This is followed by UK current account data at 09.30, released alongside UK final GDP data. Analysts are expecting gains of 0.7%.
• From here we get a slew of European data including CPI flash estimate and the unemployment rate.
• FOMC member Dudley speaks at 13.00.
• The Main highlight is ADP non farm employment change at 13.15 with gains of 192k expected.
• Canadian GDP follows at 13.30, with US Chicago PMI at 14.45.
• Fed Chair Yellen speaks at 20.00 to cap a very busy day.
Trade Idea:
• The AUD/USD stabilised yesterday, but we are now at the start of a busy week for economic releases with payrolls still to come on Friday.
As such, any AUD/USD recovery must be seen as tentative. A good way to play this is a LOWER trade predicting that the AUD/USD will close below 0.7000 for a potential return of 111%.
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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