Morning Report: 06.15 London
- This morning, markets appear to be readying for winter hibernation judging by the level of inactivity this morning so far. After Friday’s NFP inspired moves, there is an air of caution across markets today. Even below expectation Chinese CPI is barely causing a ripple so far, especially in relation to the China proxy Aussie pairs.
- The euro has a slight negative edge, as markets ready for another round of ECOFIN meetings.
- Meanwhile the dollar index is holding at the highs, with the USD/ JPY pushing above Friday’s closing high.
Coming up today:
- Coming up today we have FOMC member Evans speaking at 07.30.
- This is followed at US import prices at 13.30.
- European ECOFIN meetings run throughout the day.
Trade Idea:
- After an isolated spike last week, the EUR/ GBP is once again slipping lower. With the dollar still in a bullish mood, the euro could see further downside while the pound maintains its position of relative strength despite an interest hike being pushed back further into 2016.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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