Feb 25th 2016: Dollar In Control as Markets Show Fight

• The Dollar index remains the currency of choice for the moment after US markets staged a solid recovery from a difficult start yesterday.

• The Yen pairs are on the rise as confidence returns to world markets.

• The dollar pairs too have a positive, if small positive bias with the euro continuing to out perform the pound.

• Oil prices are also catching the generally positive mood, rallying yesterday to test the highs of the recent range.

Coming up today: 

• Coming up today we have European M3 Money Supply at 09.00.
• This is followed by UK second estimate GDP at 09.30 released alongside preliminary business investment.
• At 10.00, we have European final CPI.
• At 13.30, we have US core durable goods orders, released alongside US unemployment claims.

Trade Idea: 

• Gold has stabilised recently as world markets recover some form of confidence. It’s a fragile confidence however and 1% swings are still an almost daily occurrence.

• A good way to play this is a HIGHER trade predicting that gold closes above $1275 in 21 days for a potential return of 283%.

Powered by: Binary.com