• Financial markets have a slight negative bias this morning after a volatile session yesterday. ADP Payrolls came in above estimates, but focus is firmly on the prospect of the Fed tapering its stimulus activities and of course tomorrow’s Non Farm Payrolls.
• Gold is selling off despite the dollar showing some signs of weakness this morning.
• The yen pairs on sliding lower as the yen continues to regain ground lost last week.
Coming up today:
• First up today we have the UK Autumn forecast statement from Chancellor George Osborne. At 12.00 we have the latest rate statement and press conference from the Bank of England.
• From 12.45 we have a statement from the ECB, with the press conference following at 13.30.
• At 13.30 we get prelim US GDP data and unemployment claims.
• Canadian Ivey PMI is released 15.00.
Trade Idea:
• The EUR/USD has been relatively rangebound, but the deluge of data coming in the next 48 hours could cause a breakout.
This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.
Markets wary ahead of tomorrow’s NFP
Morning Report: 08.30 London
• Financial markets have a slight negative bias this morning after a volatile session yesterday. ADP Payrolls came in above estimates, but focus is firmly on the prospect of the Fed tapering its stimulus activities and of course tomorrow’s Non Farm Payrolls.
• Gold is selling off despite the dollar showing some signs of weakness this morning.
• The yen pairs on sliding lower as the yen continues to regain ground lost last week.
Coming up today:
• First up today we have the UK Autumn forecast statement from Chancellor George Osborne. At 12.00 we have the latest rate statement and press conference from the Bank of England.
• From 12.45 we have a statement from the ECB, with the press conference following at 13.30.
• At 13.30 we get prelim US GDP data and unemployment claims.
• Canadian Ivey PMI is released 15.00.
Trade Idea:
• The EUR/USD has been relatively rangebound, but the deluge of data coming in the next 48 hours could cause a breakout.
• A good way to play this is an IN/ OUT trade predicting that the EUR/ USD closes outside of 1.3700 or 1.3400 a the close on Friday for a potential return of 162%.
This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.
Summary:
Email [email protected] or skype me at bomaffiliates-karen
Related Posts: