• This morning, financial markets look set for their first positive session in five, though gains are slight so far.
• This renewed confidence has translated into yen weakness as risk appetite returns. The GBP/JPY is the biggest riser, after heavy selling yesterday. The other yen pairs are down around 0.54%.
• The dollar pairs are rising this morning, with the NZD/USD and AUD/USD leading the way. Australian trade balance data came in above expectations.
• Gold is down slightly, after three days of straight gains.
Coming up today: • Coming up today, we have German unemployment change at 08.55.
• This is followed by European CPI flash estimate at 10.00, with the unemployment rate released at the same time.
• Then at 13.15 we have ADP non farm employment change.
• Both US and Canadian trade balance follow at 13.30, with Ivey PMI at 15.00.
• Finally, we have the release of the minutes from the last FOMC meeting. Trade Idea:
• The EUR/USD has been unable to capitalise on the relative dollar weakness in the last two days, which could hint at further weakness to come when/if the dollar index regains its further strength.
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 Recover Poise
Morning Report: 8.00 London
• This morning, financial markets look set for their first positive session in five, though gains are slight so far.
• This renewed confidence has translated into yen weakness as risk appetite returns. The GBP/JPY is the biggest riser, after heavy selling yesterday. The other yen pairs are down around 0.54%.
• The dollar pairs are rising this morning, with the NZD/USD and AUD/USD leading the way. Australian trade balance data came in above expectations.
• Gold is down slightly, after three days of straight gains.
Coming up today:
• Coming up today, we have German unemployment change at 08.55.
• This is followed by European CPI flash estimate at 10.00, with the unemployment rate released at the same time.
• Then at 13.15 we have ADP non farm employment change.
• Both US and Canadian trade balance follow at 13.30, with Ivey PMI at 15.00.
• Finally, we have the release of the minutes from the last FOMC meeting.
Trade Idea:
• The EUR/USD has been unable to capitalise on the relative dollar weakness in the last two days, which could hint at further weakness to come when/if the dollar index regains its further strength.
A good way to play this is a LOWER trade that predicts that the EUR/USD will close below 1.1800 in 5 days time for a potential return of 205%.
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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