Euro wobbles On Policy Change Hint 

Morning Report: 08:30 London

• It was a busy day economic calendar yesterday and market activity did not disappoint. The dollar index and euro saw a huge volatility spike around the ECB press conference which saw president Draghi hint at policy change to come.
         

                             
                                                                                                                                                           

• This morning, markets are mixed after Chinese inflation sunk to an 18 month low, hurting the Australasian pairs mainly.

• The pound is slipping lower, but is still easily out performing the euro.

                             
                     
Coming up today:

• Coming up today we have UK manufacturing production at 09.30, released alongside UK trade balance. NIESR GDP estimate follows at 15.00.

• From 13.30, we have Canadian employment change, released with the latest unemployment rate numbers.

• From 15.00 we have the US JOLTS job openings.

Trade Idea:

• The EUR/GBP spiked lower yesterday, but such a spike is rarely followed by further selling.

                             

A good way to play this is a LOWER trade predicting that the EUR/GBP closes ABOVE 0.8195 in 5 days time for a potential return of  178%.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: