Morning Report: 09.00 London

  • This morning, concerns over global growth rates are putting further pressure on the US dollar as the chance of a 2015 rate hike slips back another notch. The dollar index is now down for the fifth day in a row.

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  • The dollar’s weakness has been great news for the New Zealand and Australian dollars which are bidding higher on the hope that sustained lower interest rates will keep the Chinese engine ticking over.

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  • Elsewhere the euro is under pressure after poor industrial production figures this morning.

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Coming up today: 
  • This morning, we have UK manufacturing production at 09.30.
  • This is followed by Canadian building permits at 13.30.
  • UK NIESR GDP estimates arrived at 15.00.
  • Finally, US crude oil inventories will be interesting given the surge in crude prices yesterday.
Trade Idea: 
  • The euro is struggling amid a backdrop of slow German growth. The EUR/ GBP has held up well recently, but could be due a pull back.

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This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

 

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