Morning Report: 06.15 London
- This morning, markets are mixed, with the dollar index nipping back for another day.
- The Australian dollar is out performing, following an impressive set of employment figures this morning. Employment change came in at +58.6k, with unemployment dropping to 5.9%.
- Meanwhile, the British pound is unchanged after a strong session on Wednesday. Average earnings and claimant count came in below expectations, but the unemployment rate dropped to 5.3%.
Coming up today:
- Coming up today we have ECB President Draghi speaking at 8.30 and then again at 10.30.
- From 13.30, we switch to the US for unemployment claims, followed by Fed Chair Yellen speaking at 14.30.
- From 15.00, we have a series of middle tier economic items including JOLTS job openings, FOMC member Evans and FOMC member Dudley speaking.
- MPC member Haldane speaks at 17.00.
Trade Idea:
- The GBP/JPY has continued its gradual up trend with consistent gains on a daily basis.
- The trend is certainly against the yen, while the pound is recovering from last week’s MPC pronouncement that rates may stay lower for longer.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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