Morning Report: 09.00 London
- This morning, the euro is stable after heaving selling yesterday as markets react to the ever accommodative stance from the ECB.
- The US dollar has endured a positive couple of sessions after a mixed set of readings yesterday which included strong unemployment claims and weak Philly Fed data.
- The NZD/ USD being knocked off its perch this morning, but is still a force to be reckoned with.
Coming up today:
- Coming up today, we have final European CPI at 10.00.
- This is followed by Canadian Manufacturing sales at 13.30.
- US Capacity Utilisation and Industrial production follow at 14.15.
- Prelim UoM is the day’s main highlight at 15.00
Trade Idea:
- Like the US, a UK rate hike may be later than previously expected, but it’s still on the event horizon. The same can’t be said for the euro. With the EUR/ GBP showing signs of weakness, there could be more downside to come from here.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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