Republican Senate Control Boosts Markets

Morning Report: 09.00 London

• This morning, the dollar index and S&P 500 have regained their confidence after Republicans took control of the Senate last night. This market friendly result helped the dollar index and the S&P reach for the highs again.
                                                                 

                               

                               

• Precious metals are the big losers, with silver off by 3.31% and gold down by 1.77%.
                                                                                                                                                                   
                               

                               

• The yen pairs are pushing higher, led by the USD/JPY which is up 0.88%.
                                             
                               

                               
                          
                               
                           
Coming up today:

• Coming up today we have UK services PMI at 09.30, followed by European retail sales at 10.00.

• The main ticket this afternoon is US ADP non farm employment change at 13.15, followed by ISM non manfuacturing PMI at 15.00.

Trade Idea:

• With the USD/JPY on the rise again, it could well pay to ride this trend until the end.

                               
                               
A good way to play this is a HIGHER trade predicting that the USD/JPY will close above 115.00 in 15 days time for a potential return of 146%.

                               

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: