October 31st, 2017: Catalonia Heads for Ballot Box
October 31, 2017 8:14 amVideo
Latest News
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
- Technical Analysis – GBPUSD pulls back into the negative zone April 16, 2024
- Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch April 16, 2024
- Technical Analysis – AUDUSD breaks the lower bound of a sideways range April 16, 2024
- Video market update for April 16, 2024 April 16, 2024
- Hot forecast for EUR/USD on April 16, 2024 April 16, 2024
- Technical Analysis – EURUSD dives further near 1.0600 April 16, 2024
- XM 2024 Ramadan Promotion Winners April 16, 2024
- EUR/USD and GBP/USD: Technical analysis on April 16 April 16, 2024
- Key events on April 16: fundamental analysis for beginners April 16, 2024
- Overview of the GBP/USD pair. April 16th. The pound may rebound, but the flat is over, and there are no reasons for growth April 16, 2024
- Trading plan for GBP/USD on April 16. Simple tips for beginners April 16, 2024
- Trading plan for EUR/USD on April 16. Simple tips for beginners April 16, 2024
Morning Report: 07.00 London
This morning, the euro is continuing to under-perform the pound and losing ground against the US dollar. This comes despite positive signs of stability in the region with pro-independence parties expected to lose their majority in the coming elections.
The Australian dollar is lower today, with the AUD/JPY dropping for the fifth day in a row as Chinese manufacturing falls below expectations.
The NZD/USD is also slipping lower after performing well yesterday.
The USD/JPY is higher after heavy selling yesterday which was mirrored across most yen pairs. The BOJ opted for no change this morning as expected.
The dollar index is slightly higher after yesterday’s reversal.
Coming up today
Coming up today, we have European CPI flash estimate, released alongside preliminary flash GDP.
At 12.30, we get Canadian GDP and RMPI. US Employment cost index is also released at this time.
At 13.45, we get Chicago PMI.
US CB Consumer confidence is released at 14.00.
BOC Governor Poloz speaks at 19.30.
At 21.45 this evening, we get New Zealand employment change and unemployment data.
Trade Idea
There are positive signs in Europe, but there will be some time until regional elections and if recent years have taught us anything, it’s to prepare for the unexpected.
A good way to play this is a LOWER trade predicting that the EUR/GBP will close below 0.8750 in 14 days for a potential return of 166%.
Related Posts: