Aussie boosted by surprise surplus

Morning Report: 08.45 London

• Markets have a positive edge this morning, helped a surprise surplus in the Australian trade balance.

• The AUD/USD is up 0.40%, with the AUD/JPY up 0.34% with the pairs also helped by strong retail sales data.

 • The big mover this morning is Silver, with the precious metal up 0.50% so far, though so far still below yesterday’s highs.

Coming up today:

• Coming up today, we have German factory orders at 11.00.

• This is followed by the MPC rate statement at 12.00, with the EUR/USD rate decision a 12.45. The ECB press conference is expected at 13.30.

• US unemployment claims are released at 13.30 alongside trade balance and non farm productivity.

Trade Idea:

• The GBP/JPY downtrend looks to be building momentum, with more downside potential.

A LOWER trade predicting that the GBP/JPY will close below 164.75 in 8 days time could return 126% if successful.

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

Summary:



PLACE A TRADE NOW