• This morning, the US Dollar remains the go-to currency despite Friday’s off colour Non Farm Payroll numbers. The Japanese Yen has been picking up momentum, but throughout this, the Dollar index has remained resolute and never fallen significantly from the highs.
• The Yen pairs are the big movers this morning, with the AUD/JPY and GBP/JPY up by around 0.5%, partly as a reaction to Friday’s big sell off.
• Elsewhere, the Dollar pairs are having a slightly better day of it, with the exception of the NZD/USD.
• The Pound is generally stronger across the board as the EUR/GBP falls back this morning.
Coming up today:
• We have a quiet day for economic releases with a bank holiday in the US and Canada.
Trade Idea:
• New Zealand is catching the same China related cold that has impacted Australia. There are no short term changes to this situation in sight and as such, we could well see further downside for the NZD/USD.
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 Still The Big
Bet After NFP
Morning Report: 08.30 London
• This morning, the US Dollar remains the go-to currency despite Friday’s off colour Non Farm Payroll numbers. The Japanese Yen has been picking up momentum, but throughout this, the Dollar index has remained resolute and never fallen significantly from the highs.
• The Yen pairs are the big movers this morning, with the AUD/JPY and GBP/JPY up by around 0.5%, partly as a reaction to Friday’s big sell off.
• Elsewhere, the Dollar pairs are having a slightly better day of it, with the exception of the NZD/USD.
• The Pound is generally stronger across the board as the EUR/GBP falls back this morning.
Coming up today:
• We have a quiet day for economic releases with a bank holiday in the US and Canada.
Trade Idea:
• New Zealand is catching the same China related cold that has impacted Australia. There are no short term changes to this situation in sight and as such, we could well see further downside for the NZD/USD.
A good way to play this is a LOWER trade predicting that the NZD/ USD closes below 0.6200 in 10 days time for a potential return of 157%.
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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