• This morning, the Dollar pairs are still holding the highs from Friday’s Non Farm Payroll inspired rally. Headline NFP data came in well above estimates, with only average earnings disappointing. This took the pressure off the Dollar as a safe haven, allowing traders to buy into the likes of the Euro and Aussie.
• The Euro is holding its two day streak, while the Pound looks set to make it a sixth straight winning day.
• The AUD/USD and NZD/USD have been the Dollar pairs to watch over the last five days. Although this morning has seen a step back, medium term momentum has so far not been disrupted.
• Oil prices were one of the biggest winners from Friday, with prices pushing to multi month highs.
Coming up today:
• Today we German factory orders at 07.00.
• This is followed by MPC member Haldane speaking at 21.10.
• Following this we have FOMC member Brainard and FOMC member Fischer speaking at 18.00.
• RBS deputy governor Lowe speaks at 23.20.
Trade Idea:
• In the short term, the Chinese economy has enjoyed a period of (perceived) stability. Longer term, there are still reasons to be careful, not least the rising number of Japanese Bankruptcy’s related to China.
• On a 14 day horizon, momentum for economies reliant on China for growth such as the AUD/USD remain strong though betting on further upside could pay dividends.
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.
Dollar Pairs Soar
on US Stability
Morning Report: 06.30 London
• This morning, the Dollar pairs are still holding the highs from Friday’s Non Farm Payroll inspired rally. Headline NFP data came in well above estimates, with only average earnings disappointing. This took the pressure off the Dollar as a safe haven, allowing traders to buy into the likes of the Euro and Aussie.
• The Euro is holding its two day streak, while the Pound looks set to make it a sixth straight winning day.
• The AUD/USD and NZD/USD have been the Dollar pairs to watch over the last five days. Although this morning has seen a step back, medium term momentum has so far not been disrupted.
• Oil prices were one of the biggest winners from Friday, with prices pushing to multi month highs.
Coming up today:
• Today we German factory orders at 07.00.
• This is followed by MPC member Haldane speaking at 21.10.
• Following this we have FOMC member Brainard and FOMC member Fischer speaking at 18.00.
• RBS deputy governor Lowe speaks at 23.20.
Trade Idea:
• In the short term, the Chinese economy has enjoyed a period of (perceived) stability. Longer term, there are still reasons to be careful, not least the rising number of Japanese Bankruptcy’s related to China.
• On a 14 day horizon, momentum for economies reliant on China for growth such as the AUD/USD remain strong though betting on further upside could pay dividends.
A good way to play this is a ONE TOUCH trade predicting that the AUD/USD will rise and touch 0.7600 within 14 days for a potential return of 191%.
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.
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