Morning Report: 06.15 London
- This morning, the Australian dollar is out performing its peers after the RBA opted to keep rates on hold at 2% against an outside chance of another cut. The Australian dollar is performing well across the board, as the dollar backs off.
- Elsewhere, the USD/ JPY is slipping back towards the middle of its trading range, helped by the retreating dollar.
Coming up today:
- Coming up today we have UK construction PMI at 09.30.
- US factory orders follow at 15.00.
- Later this evening we have ECB president Draghi speaking at 19.00.
- New Zealand employment change rounds off the day at 21.45.
Trade Idea:
- Gold has been in reverse gear since the middle of September, but we could now be reaching the point where bargain hunters step in.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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