Binary.com Daily Market Report (9th Oct)
October 9, 2015 11:51 amVideo
Latest News
- Technical Analysis – NZDUSD bounces off 5-month low April 17, 2024
- Overview for the EUR/USD pair on April 17th. There is no single reason for the euro to rise April 17, 2024
- Key events on April 17: fundamental analysis for beginners April 17, 2024
- Trading plan for GBP/USD on April 17. Simple tips for beginners April 17, 2024
- Trading plan for EUR/USD on April 17. Simple tips for beginners April 17, 2024
- Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Wednesday April 17, 2024. April 17, 2024
- Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday April 17, 2024. April 17, 2024
- Forecast for EUR/USD on April 17, 2024 April 17, 2024
- Forecast for GBP/USD on April 17, 2024 April 17, 2024
- Forecast for USD/JPY on April 17, 2024 April 17, 2024
- Outlook for EUR/USD on April 17. A boring Monday seamlessly transitioned into a boring Tuesday April 17, 2024
- Will the euro manage to save itself? April 17, 2024
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
Markets Rally on Fed Caution
Morning Report: 06.45 London
• This morning, markets continue to enjoy the cautious bias the FOMC is taking towards a potential 2015 rate hike. There was little new in last night’s FOMC minute release, but air of caution still remains. This has been a shot in the arm for dollar pairs and stock markets alike, while the dollar index continues to slip lower on a daily basis.
• The Australian and New Zealand dollar continue to set the pace as a delayed US rate hike is seen as a shot in the arm for the Australian economy via China.
• Elsewhere, the euro is joining other dollar pairs in rallying after French industrial production came in above expectations this morning.
Coming up today:
• This morning, we have UK trade balance data at 09.30.
• This is followed at 13.30 with Canadian employment change and unemployment rate. This released alongside US import prices.
• Following this we have FOMC member Lockhart speaking at 14.10, the BIC business outlook survey at 15.30 and FOMC member Evans speaking at 18.30.
Trade Idea:
• The GBP/JPY has been remarkably consistent with its daily gains this week and this could continue as the dollar continues to drop.
A good way to play this is a HIGHER trade predicting that the GBP/JPY will close above 186.00 in 14 days for a potential return of 165%.
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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