Morning Report: 07.00 London
- This morning there is some blessed relief for traders as markets start the second week of the new year on a relatively stable footing. The US dollar gapped higher at the open, as a continued reaction of Friday’s impressive jobs data. Since then, the Greenback as slipped back into neutral territory.
- Meanwhile, the yen continues its impressive run, with the USD/ JPY gapping lower at the open.
- For the first in 2016, the Australasian pairs are showing some positive intent. The AUD/ USD, NZD/ USD and AUD/ JPY have to overcome an opening gap lower, but the post opening momentum looks better.
- Elsewhere, the British pound is recovering after the EUR/ GBP gapped higher.
Coming up today:
- We’ve a quiet day ahead today with Canadian BOC business outlook the main highlight at 13.30.
Trade Idea:
- The EUR/ USD has out performed of late, but has tended to reverse or at least pause after spikes higher.
- With the top of the recent trading range in sight, now could be a good time for a LOWER trade on the EUR/ USD.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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