Morning Report: 06.15 London
- This morning, the US dollar is on the back foot as markets eye the generally positive bias in the lead up to Thanksgiving. The dollar index has a slight negative edge, while the euro holds firm at the lows.
- The Australian dollar is making small gains ahead of RBA governor Steven’s speech this morning.
- The yen pairs are the big losers as money switches to the Japanese yen. The GBP/JPY in particular looks to be in danger of breaking its uptrend.
Coming up today:
- Coming up today we have German IFO business climate at 09.00.
- This is followed by RBA governor Stevens speaking at 09.05.
- At 10.00, we get the latest inflation report hearing for the UK.
- From 13.30, we switch to North America for preliminary GDP, released alongside goods trade balance. From here we switch to US consumer confidence at 15.00.
Trade Idea:
- The euro remains under pressure despite positive economic data from Germany yesterday. The EUR/JPY is an interesting pair to play this mood on, as the yen keeps the pressure on.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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