• This morning, the Australian Dollar is furthering its recent run following stronger than expected trade balance data. This morning’s boost comes despite weaker than expected Chinese services PMI.
• The New Zealand Dollar is also positive, though continues to lag its Australian cousin.
• By contrast, the Euro continues to lag, weighed down by the potential impact of the ongoing migrant crisis across the region.
• The Dollar and Yen are mixed, with the Dollar unchanged after heavy selling yesterday and the Yen on the rise.
Coming up today:
• This morning, we have Halifax HPI at 08.30, followed by UK services PMI at 09.30.
• Following this we have US unemployment claims at 13.30, followed by revised non farm productivity.
• US ISM non manufacturing PMI then follows at 15.00, with factory orders released at the same time.
Trade Idea:
• The Australian Dollar has the bit between its teeth as the US Dollar falters.
The absence of negative news from China is helping the Aussie to out perform as it avoids the uncertainty facing Europe.
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.
Australian Dollar
Gathering Momentum
Morning Report: 06.30 London
• This morning, the Australian Dollar is furthering its recent run following stronger than expected trade balance data. This morning’s boost comes despite weaker than expected Chinese services PMI.
• The New Zealand Dollar is also positive, though continues to lag its Australian cousin.
• By contrast, the Euro continues to lag, weighed down by the potential impact of the ongoing migrant crisis across the region.
• The Dollar and Yen are mixed, with the Dollar unchanged after heavy selling yesterday and the Yen on the rise.
Coming up today:
• This morning, we have Halifax HPI at 08.30, followed by UK services PMI at 09.30.
• Following this we have US unemployment claims at 13.30, followed by revised non farm productivity.
• US ISM non manufacturing PMI then follows at 15.00, with factory orders released at the same time.
Trade Idea:
• The Australian Dollar has the bit between its teeth as the US Dollar falters.
The absence of negative news from China is helping the Aussie to out perform as it avoids the uncertainty facing Europe.
A good way to play this is a HIGHER trade predicting that the AUD/USD will close above 0.7400 in 14 days time for a potential return of 180%.
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.
Email [email protected] or skype me at bomaffiliates-karen
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