Morning Report: 06.00 London
- This morning, markets are still coming to terms with a bruising session on Wall Street last night that saw the S&P 500 drop by more than 2%. At the same time, the dollar index is hovering around the highs as the prospect of a December US rate hike is weighed up.
- Elsewhere, China weighs heavily on the Australian dollar once again as the AUD/JPY drops by 0.83%.
- Gold lost much of its shine yesterday, with heavy selling backed up this morning with indifferent trading.
- The euro is continuing to trade in isolation to world markets, rallying over the last few days as markets drop.
Coming up today:
- Coming up today, we have Spanish flash CPI followed by UK net lending to individuals.
- From 13.30 we then get US goods trade balance. US CB consumer confidence is the day’s main highlight at 15.00.
- Bank of England Governor Carney speaks at 20.40.
Trade Idea:
- The AUD/JPY remains under pressure and we see no reason to fight this trend.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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