Asian Data & Tax Cut Hopes Lift Markets 

Morning Report: 08:30 London

• This morning, world markets are still holding around recent highs, helped by a series of encouraging data points from Asian over night and hopes for a corporation tax cut in Japan. Chinese manufacturing data came in above estimates, while Australian current account data and earning index also surprised to the upside.   

• The Australian dollar is the top moving currency, recovering half of yesterday’s losses.
                                                                                                                                        

                             

                             

• Gold and silver are also joining the general commodity wave, but are generally still on the back foot.

                  
                             

                             
                                                                                                                                                        
Coming up today:

• Coming up today we have US S&P/CS Composite HPI at 14.00, followed by US CB consumer confidence at 15.00.

Trade Idea:

• The EUR/GBP has started to take another turn lower in favour of the pound and this could mean a sustained move lower for the pair.

                             

A good way to play this is a LOWER trade predicting that the EUR/GBP close below 0.8100 in 8 days time for a potential return of 130%.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: