Morning Report: 09.00 London
- This morning, markets are wary with no strong movements so far this morning ahead of this afternoon’s Non Farm Payroll data. The Aussie dollar continues to set the pace as investors enjoy the lack of negative headlines around China. In line retail sales data helped keep things on an even keel.
- The NZD/USD is bidding higher in sympathy.
- The Pound is once again out performing the euro, though yesterday’s early promise dissipated through yesterday.
- The dollar index slipped back yesterday with a modest recovery this morning. Ultimately though, markets will be quiet until the release of NFP. data.
Coming up today:
- This morning, we have UK construction PMI.
- The day, indeed week’s main highlight is the US Non Farm Payroll data at 13.30, with a gain of 201k expected. Earnings are expected to dip slightly compared to last month, while the unemployment rate is expected to remain at a seven year low.
Trade Idea:
- Gold has sold off heavily this week, but has reached a point where bargain hunters might step in to push the price higher again.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Powered by: Binary.com
