• This morning, the US dollar is extending its out performance helped by the Japanese yen hitting its lowest level against the US dollar in nearly six years. Meanwhile, the S&P 500 is holding at the highs. .
• The yen pairs at the big movers, with the recovering British pound setting the pace. The GBP/JPY is up 0.37%.
• Elsewhere, the dollar pairs are under pressure, with the NZD/USD off by 0.29% and the EUR/USD down 0.20%. The GBP/USD is flat which is good going in the face of such dollar strength.
• The Pound’s out performance is best seen against the EUR/GBP which is dropping 0.21% this morning.
Coming up today:
• We have a real test for the pound’s recovery this morning with UK manufacturing production at 09.30. This is followed by BOE Governor Carney speaking at 11.45. NIESR GDP estimate follows at 15.00.
Trade Idea:
• There’s little point fighting this dollar strength at the moment and the NZD/USD looks one of the weaker pairs.
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:
Dollar Pushes Higher Unchallenged
Morning Report: 09.00 London
• This morning, the US dollar is extending its out performance helped by the Japanese yen hitting its lowest level against the US dollar in nearly six years. Meanwhile, the S&P 500 is holding at the highs.
.
• The yen pairs at the big movers, with the recovering British pound setting the pace. The GBP/JPY is up 0.37%.
• Elsewhere, the dollar pairs are under pressure, with the NZD/USD off by 0.29% and the EUR/USD down 0.20%. The GBP/USD is flat which is good going in the face of such dollar strength.
• The Pound’s out performance is best seen against the EUR/GBP which is dropping 0.21% this morning.
Coming up today:
• We have a real test for the pound’s recovery this morning with UK manufacturing production at 09.30. This is followed by BOE Governor Carney speaking at 11.45. NIESR GDP estimate follows at 15.00.
Trade Idea:
• There’s little point fighting this dollar strength at the moment and the NZD/USD looks one of the weaker pairs.
A good way to play this is a LOWER trade predicting that the NZD/USD will close below 0.8200 in 6 days time could return 189% if successful.
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:
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