Morning Report: 06.30 London
- This morning sees the start of the two day October FOMC meeting. No change is expected this month as December is seen as the big game changer. Still, markets are finely poised right now so any deviation from the expected script of a hike next month could see an exaggerated reaction. The dollar is down slightly as markets ready for the announcement tomorrow.
- The yen is the big mover with the USD/ JPY backing off in line with other yen pairs. The EUR/ JPY’s continued decline is notable.
Coming up today:
- Coming up today we have UK preliminary GDP Q/Q, with a drop to 0.6% expected.
- Following this we have US core durable goods at 12.30. This is followed by US CB consumer confidence at 14.00.
Trade Idea:
- The USD/ JPY’s spike higher could prove short lived as the pair retreats back into the trading range seen since the beginning of September.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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