• If yesterday was all about the ECB, today is all about the US Non Farm Payrolls jobs report. Analysts are expecting a gain of +240k, down on last months, but as ever it is the deviations from this expected amount that are key rather than the actual number itself.
• So far, stock markets are unchanged, while the dollar holds at the highs.
• There was a negative reaction to the ECB yesterday and this is carrying over slightly into this morning where the EUR/USD is off 0.11%.
• Dollar pairs are generally mixed though, with the AUD/USD rallying 0.21%, but the NZD/USD dropping 0.14%.
Coming up today: • The big ticket today is US Non Farm Payrolls, released at 13.30. At the same time we get Canadian building permits & Trade balance as well as the latest unemployment figures.
Trade Idea:
• Gold is slipping lower again as it fits into the negative seasonality for this time of year. The precious metal is under pressure as the dollar rallies, but is still far from over sold.
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.
Markets Eye Payroll Dip
Morning Report: 09.00 London
• If yesterday was all about the ECB, today is all about the US Non Farm Payrolls jobs report. Analysts are expecting a gain of +240k, down on last months, but as ever it is the deviations from this expected amount that are key rather than the actual number itself.
• So far, stock markets are unchanged, while the dollar holds at the highs.
• There was a negative reaction to the ECB yesterday and this is carrying over slightly into this morning where the EUR/USD is off 0.11%.
• Dollar pairs are generally mixed though, with the AUD/USD rallying 0.21%, but the NZD/USD dropping 0.14%.
Coming up today:
• The big ticket today is US Non Farm Payrolls, released at 13.30. At the same time we get Canadian building permits & Trade balance as well as the latest unemployment figures.
Trade Idea:
• Gold is slipping lower again as it fits into the negative seasonality for this time of year. The precious metal is under pressure as the dollar rallies, but is still far from over sold.
A good way to play this is a LOWER trade predicting that gold will be lower than $1175 in 14 days time for a potential return of 236%.
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.
Summary:
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