• This morning world markets are on the back foot after US President Obama authorised the possibility of air strike to target IS militants in Iraq. The S&P 500 has continued its down trend, dropping below 1900 for the first time since May.
• The dollar index is seeing some of the biggest selling pressure since the end of June as investors switch to ‘safer’ havens of the Japanese yen and precious metals.
• The main yen pairs are all trading significantly lower.
• Gold and silver are reversing their recent down trend, with gold in particular showing some sustained interest.
• The pound’s weakness for the week is continuing, with the GBP/JPY one of the weakest yen pairs recently and the EUR/GBP rising sharply today.
Coming up today:
• Coming up today we have UK trade balance data at 09.30.
• Following this we have Canadian employment data and prelim US non farm productivity Q/Q.
Trade Idea:
• The AUD/JPY has dropped heavily in the last two days and this pair has the potential to let its trends run and run so a bearish bet could pay off here.
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Markets Drop on Airstrike Threat
Morning Report: 09.00 London
• This morning world markets are on the back foot after US President Obama authorised the possibility of air strike to target IS militants in Iraq. The S&P 500 has continued its down trend, dropping below 1900 for the first time since May.
• The dollar index is seeing some of the biggest selling pressure since the end of June as investors switch to ‘safer’ havens of the Japanese yen and precious metals.
• The main yen pairs are all trading significantly lower.
• Gold and silver are reversing their recent down trend, with gold in particular showing some sustained interest.
• The pound’s weakness for the week is continuing, with the GBP/JPY one of the weakest yen pairs recently and the EUR/GBP rising sharply today.
Coming up today:
• Coming up today we have UK trade balance data at 09.30.
• Following this we have Canadian employment data and prelim US non farm productivity Q/Q.
Trade Idea:
• The AUD/JPY has dropped heavily in the last two days and this pair has the potential to let its trends run and run so a bearish bet could pay off here.
A good way to play this is a LOWER trade predicting that the AUD/JPY closes below 94.00 in 7 days time for a potential return of 129%.
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Summary:
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