Morning Report: 06.15 London
- This morning, the US dollar is still in neutral mode and selling off yesterday despite better than expected Philly Fed data and inline unemployment claims. It seems to be more of a case of markets adjusting after Monday’s safe haven move.
- Elsewhere, the Australian and New Zealand dollar continue to set the pace with further (moderate) gains this morning.
- The USD/JPY is also slipping lower after yesterday’s selling.
Coming up today:
- Coming up today we have ECB President Draghi speaking at 08.00. German Buba President Weidmann speaks at 10.15.
- This is followed by UK public sector net borrowing at 09.30.
- Canada is in focus at 13.30 with CPI and retail sales.
Trade Idea:
- The British pound has quietly held its ground since the earlier sell off in the month. The interest rate time line might have stretched a little further into the future and the US a little closer, but the positive trend generally remains.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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