• This morning, the yen has continued its recent dominance with losses across all yen pairs this morning. This is all the more impressive considering the dollar index remains at the highs.
• One of the biggest losers today is the Australian dollar, especially the AUD/JPY after a mini-revival yesterday.
• The pound is also struggling as interest rate expectations nudge a little further into the future, the EUR/GBP is pushing higher once again as the euro holds the balance of power.
Coming up today:
• Coming up today, we have UK services PMI at 09.30.
• This is followed by the ECB rate decision at 12.45 (not change on the cards) and press conference at 13.30.
• Also today we have Canadian & US trade balance at 13.30 with unemployment claims at the same times.
• US ISM non manufacturing PMI follows at 15.00.
Trade Idea:
• The euro was one of the big winners as stock markets sold off. The dollar took a back seat, helping the euro to surge higher. As markets stabilised, the euro reversed course, but we’re beginning to see signs of recovery this morning.
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.
Sept 3rd, 2015: Euro Finds Its Feet
Morning Report: 07.00 London
• This morning, the yen has continued its recent dominance with losses across all yen pairs this morning. This is all the more impressive considering the dollar index remains at the highs.
• One of the biggest losers today is the Australian dollar, especially the AUD/JPY after a mini-revival yesterday.
• The pound is also struggling as interest rate expectations nudge a little further into the future, the EUR/GBP is pushing higher once again as the euro holds the balance of power.
Coming up today:
• Coming up today, we have UK services PMI at 09.30.
• This is followed by the ECB rate decision at 12.45 (not change on the cards) and press conference at 13.30.
• Also today we have Canadian & US trade balance at 13.30 with unemployment claims at the same times.
• US ISM non manufacturing PMI follows at 15.00.
Trade Idea:
• The euro was one of the big winners as stock markets sold off. The dollar took a back seat, helping the euro to surge higher. As markets stabilised, the euro reversed course, but we’re beginning to see signs of recovery this morning.
A good way to play this is HIGHER trade predicting that the EUR/USD will close above 1.1300 in 12 days time for a potential return of 144%.
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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