Binary.com Daily Market Report (9th Dec)
December 9, 2015 7:27 amVideo
Latest News
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
Aussie Struggles as
Commodities in Turmoil
Morning Report: 06.30 London
• Commodity currencies remain under pressure this morning as oil prices dipped below $40, while other commodities feel the pinch. The Australian Dollar has halted its recent bull run, while the Canadian Dollar continues to struggle. Better than expected Chinese CPI helped lift the gloom slightly.
• The Euro is holding up relatively well though as the US Dollar backs off slightly.
• The USD/JPY remains in a tight trading range, with a wide divergence in the performance of individual Yen pairs.
Coming up today:
• It’s a relatively light day for data this morning, with the main highlight this evening being the RBNZ rate statement due at 20.00. A 0.25% cut is expected.
Trade Idea:
• The ongoing oil price cut is having an impact on the UK economy in the form of oil producing regions and associated manufacturing. Then there is also the undoubted impact on inflation.
• Both of these may be enough to force the Bank of England to stay its hand in raising rates a little longer.
A good way to play this may be a HIGHER trade predicting that the GBP/JPY will close below 183.50 in 50 days for a potential return of 133%.
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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