Morning Report: 09.00 London
- This morning, markets are mixed after vice chair of the Fed’s board of governor’s Stanley Fisher warned that global developments could restrain economic growth – but he also reiterated that a rate hike is still likely before the end of the year. The dollar index still seems to be pricing in a delayed rate hike and the potential for a slower hike cycle thereafter. The dollar is trading lower again this morning.
- The New Zealand and Australian dollars are the big winners again this morning with Chinese buyers the likely big winners in the result of a delayed hike or delayed increase cycle.
- The euro is also performing well, helped by the dollar’s current demise.
Coming up today:
- This morning, we have FOMC member Lockhard speaking at 13.30, with member Evans speaking at 13.30 and Brainard at 21.30.
- Canadian BOC governor Poloz speaks at 18.20.
- It should be a relatiely quiet day though with a bank holiday for Japan, Canada and the US.
Trade Idea:
- The NZD/ USD continues to set the pace and it would be difficult to fight this trend right now.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Powered by: Binary.com
