• This morning, the dollar index is on the back foot once again as markets prepare for the release of the minutes from the last FOMC meeting. In the context of calls for caution surrounding global growth prospects, in shifts in tone from the Fed could see an exaggerated reaction.
• The euro is pushing higher today after small losses yesterday sparked by large losses from Deutsche Bank.
• Elsewhere, the Australian dollar is feeling the pressure after poor economic data figures from Asian in the small hours of the morning.
Coming up today:
• The main highlight from midday is the UK’s MPC releasing its latest verdict on interest rates. No change is expected, but as ever it will be any nuances or variations from last month that gain attention.
• Following this at 12.30 we have the release of the minutes from the last ECB meeting.
• From 13.30 we switch to the US for unemployment claims ahead of the big ticket which is the release of the FOMC meeting minutes. BOE governor Carney speaks at the same time.
Trade Idea:
• After sharp gains, gold is treading water and this could be a good signal to play the pullback.
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.
FOMC & MPC Under Focus
Morning Report: 06.45 London
• This morning, the dollar index is on the back foot once again as markets prepare for the release of the minutes from the last FOMC meeting. In the context of calls for caution surrounding global growth prospects, in shifts in tone from the Fed could see an exaggerated reaction.
• The euro is pushing higher today after small losses yesterday sparked by large losses from Deutsche Bank.
• Elsewhere, the Australian dollar is feeling the pressure after poor economic data figures from Asian in the small hours of the morning.
Coming up today:
• The main highlight from midday is the UK’s MPC releasing its latest verdict on interest rates. No change is expected, but as ever it will be any nuances or variations from last month that gain attention.
• Following this at 12.30 we have the release of the minutes from the last ECB meeting.
• From 13.30 we switch to the US for unemployment claims ahead of the big ticket which is the release of the FOMC meeting minutes. BOE governor Carney speaks at the same time.
Trade Idea:
• After sharp gains, gold is treading water and this could be a good signal to play the pullback.
A good way play this is a LOWER trade predicting that gold closes below $1135 in 14 days for a potential return of 149%.
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.
Email [email protected] or skype me at bomaffiliates-karen
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