Binary.com Daily Market Report (5th Oct)
October 5, 2015 9:33 amVideo
Latest News
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
Dollar Still Slow after NFP Miss
Morning Report: 06.45 London
• This morning, the dollar index is still suffering the consequences of below expectation Non Farm Payroll data from the US on Friday. NFP came in significantly below the expected +201k at +142k, while average earnings failed to grow at all. This adds another layer of complexity to the dance between the FOMC and markets, with the dollar continuing to slip lower as a possible US rate hike is pushed further into 2016.
• The dollar pairs have been the big winners, especially the EUR/USD which is rallying again this morning.
• The Australian and New Zealand dollar demonstrated the interconnected nature of modern financial markets, where a US rate hike is thought to have a real impact on Chinese growth rates and therefore consumption of raw materials from the region. The NZD/USD is up 0.45% this morning.
• The yen pairs are also on the rise, led by the GBP/JPY which is up by 0.42%.
• Gold is holding the gains from last week’s rapid sell off.
Coming up today:
• This morning’s main highlight is UK services PMI at 09.30 with a small improvement expected.
• Beyond this we have UK services PMI at 09.30.
• This is followed by ISM non-manufacturing PMI at 15.00.
Trade Idea:
• The EUR/USD is rallying again this morning, but the US interest rate soap opera no doubt has more twists and turns. As such, we could see more volatile trading.
A good way to play this is a LOWER trade predicting that the EUR/USD will close below 1.1200 in 21 days time for a potential return of 130%.
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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