Dollar Rides Back

Morning Report: 08.45 London

• This morning, stock markets are looking for positives after the S&P 500 closed down for its third straight day.

 • On currency markets, the dollar index rise causing dollar pairs to slip back this morning, with the Australasian pairs hardest hit.

 • Silver continues to be range bound, with sellers pushing the price back down again today.

Coming up today:

• Coming up today we have German unemployment change at 08.55, followed by European CPI flash estimate at 10.00.

• From 13.30 we switch to North America, with US and Canadian Trade balance.

• Canadian Ivey PMI follows at 15.00

Trade Idea:

• The AUD/JPY looks set for two straight days of losses and this could continue as the yen regains strength.

A good way to play this could be a LOWER trade predicting that the AUD/JPY closes below 92.75 in 5 days time for a potential return of 150%.

This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.

Summary: