• This morning, stock markets have continued to rally after last night’s Fed minutes indicated that it would not be raising interest rates any time soon. The news is rocket fuel for stocks, but adds further weight to the dollar index down trend.
• The big movers this morning are gold and silver as they capitalise on the dollar index slump.
• Next up, the NZD/USD and AUD/USD are rallying despite poor Aussie employment data this morning.
• The yen pairs are still on the back foot as money flows from the dollar into the Japanese yen.
• The EUR/USD continues to rebound strongly though with last week’s plunge marking the low point.
Coming up today:
• Coming up today we have the latest MPC statement on the asset purchase facility and official bank rate. No change is expected with either.
• Elsewhere we have US unemployment claims at 13.30.
• ECB president Draghi speaks at 16.00.
Trade Idea:
The US dollar index has lost its aura of invulnerability, creating some downside potential for the USD/JPY.
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.
Equities rally, dollar trend reverses
Morning Report: 09.00 London
• This morning, stock markets have continued to rally after last night’s Fed minutes indicated that it would not be raising interest rates any time soon. The news is rocket fuel for stocks, but adds further weight to the dollar index down trend.
• The big movers this morning are gold and silver as they capitalise on the dollar index slump.
• Next up, the NZD/USD and AUD/USD are rallying despite poor Aussie employment data this morning.
• The yen pairs are still on the back foot as money flows from the dollar into the Japanese yen.
• The EUR/USD continues to rebound strongly though with last week’s plunge marking the low point.
Coming up today:
• Coming up today we have the latest MPC statement on the asset purchase facility and official bank rate. No change is expected with either.
• Elsewhere we have US unemployment claims at 13.30.
• ECB president Draghi speaks at 16.00.
Trade Idea:
The US dollar index has lost its aura of invulnerability, creating some downside potential for the USD/JPY.
A good way to play this is a LOWER trade predicting that the USD/JPY will close below 107.25 in 5 days time for a potential return of 200%.
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:
Email [email protected] or skype me at bomaffiliates-karen
Related Posts: