Australian Dolla Surge 

Morning Report: 08:45 London

• This morning, the Australian dollar is blithely ignoring the tension in Ukraine and surging higher this morning after Australian retail sales and trade balance came in above estimates. The move has also seen the Kiwi dollar lift itself back towards multi month highs.

• Elsewhere, stock markets are still holding recent highs, though movement is more cautious this morning.

                           
                     
• Commodities are still under pressure though, with gold off by 0.26% this morning.

• Elsewhere, the yen pairs are still strong, with the USD/JPY pushing higher.

Coming up today:
• Coming up today, we have the latest UK rate statement at 12.00, with the ECB rates at 12.45. No change is expected from either, but the press conference from 13.30 for the ECB will be noteworthy.
• Alongside this we have US unemployment claims and Canadian building permits at 13.30, followed by Canadian Ivey PMI at 15.00.

Trade Idea:
• The NZD/USD has continued to pushing higher despite the Ukraine crisis and in this regard it could pay to with the flow.

                             

A HIGHER trade predicting that the NZD/USD will close above 0.8475 at Friday’s close could return 150% if successful. 

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

Summary: