Binary.com Daily Market Report (4th Mar)
March 4, 2016 8:45 amVideo
Latest News
- 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
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
- Video market update for April 18, 2024 April 18, 2024
- Technical Analysis – WTI oil futures exit sideways move to the downside April 18, 2024
- Market Comment – US dollar on the back foot as nervousness lingers in equity markets April 18, 2024
- Hot forecast for EUR/USD on April 18, 2024 April 18, 2024
Dollar Steps Back
as Economy Falters
Morning Report: 06.30 London
• This morning, the US Dollar remains under pressure after a set of underwhelming economic data points yesterday. Unemployment claims and revised non farm productivity came in well below expectations, while factory orders also disappointed. This data has added to the weight of speculation that a second US rate hike will be deep into 2016, if not 2017.
• Elsewhere, the New Zealand Dollar is enjoying some buying interest despite Australian retail sales falling below expectations. The Aussie is still on the rise, but lagging the Kiwi.
• The Euro enjoyed a strong day yesterday as the Dollar weakened and is out-performing the Pound slightly this morning.
• Elsewhere, gold holding and building on recent gains.
Coming up today:
• Today’s big item is of course US Non Farm Employment change due at 13.30, with a big gain of +195k expected. At the same time we get US average hourly earnings, trade balance and unemployment figures.
• Corresponding Canadian employment data is released at the same time, with Ivey PMI at 15.00.
Trade Idea:
• The New Zealand Dollar is set to test the high of the recent trading range and there could be a pop if the latest US data comes in below estimates.
A good way to play this is a ONE TOUCH trade predicting that the NZD/USD touches 0.6950 within the next 14 days for a potential return of 149%.
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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