Binary.com Daily Market Report (4th Dec)
December 4, 2014 9:30 amVideo
Latest News
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
Market Pause
Morning Report: 9.00 London
• Markets are taking are pausing for breath this morning, with the dollar index still holding the highs and the S&P 500 poised to break to even higher levels.
• The dollar index is still dominating proceedings, a theme that is keeping the AUD/USD lower despite better than expected retail sales and trade balance data this morning.
• The British pound is peeling back slightly after rallying on the back of yesterday’s Autumn statement. The EUR/GBP in particular is higher, though has some way to go to erase yesterday’s losses.
• The yen pairs are holding around the highs as Japan PM Abe’s policies come under further scrutiny.
Coming up today:
• Coming up today we have the UK bank rate with the asset purchase facility decisions. No change is expected here.
• The big market focus surrounds the ECB’s rate decision at 12.45 and press conference at 13.30.
• US unemployment claims are also released at 13.30, with Canadian Ivey PMI following at 15.00.
Trade Idea:
• The Autumn statement was well received yesterday, boosting the GBP/JPY further. While the pound’s future trajectory may still be uncertain, the yen pairs still seem to be treading a steady path higher, which underlines the prospect of more upside.
A good way to play this is a HIGHER trade predicting that the GBP/JPY closes above 188.50 in 7 days for a potential return of 112% if successful.
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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