Morning Report: 06.15 London
- This morning, commodities are under pressure once again as oil slips to multi-month lows, while gold slips to its fourth straight day of losses.
- The dollar index has been under some pressure this morning, with small counter rally this morning.
- The Australian dollar is holding yesterday’s gains, but could be approaching the top of the current trading range.
- Meanwhile the euro is pulling back after gains yesterday.
Coming up today:
- Coming up today, we have European German preliminary GDP at 07.00. Flash European GDP follows at 10.00.
- From 13.30 we switch to North America, with retail sales and core PPI. Following this we get Preliminary UoM consumer sentiment at 15.00.
Trade Idea:
- The USD/ CAD is under pressure again this morning as oil prices slip to the lowest levels in months.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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