Morning Report: 09.00 London
- This morning, the dollar index is on the back foot once again as markets prepare for the release of the minutes from the last FOMC meeting. In the context of calls for caution surrounding global growth prospects, in shifts in tone from the Fed could see an exaggerated reaction.
- The euro is pushing higher today after small losses yesterday sparked by large losses from Deutsche Bank.
- Elsewhere, the Australian dollar is feeling the pressure after poor economic data figures from Asian in the small hours of the morning.
Coming up today:
- The main highlight from midday is the UK’s MPC releasing its latest verdict on interest rates. No change is expected, but as ever it will be any nuances or variations from last month that gain attention.
- Following this at 12.30 we have the release of the minutes from the last ECB meeting.
- From 13.30 we switch to the US for unemployment claims ahead of the big ticket which is the release of the FOMC meeting minutes. BOE governor Carney speaks at the same time.
Trade Idea:
- After sharp gains, gold is treading water and this could be a good signal to play the pullback.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Powered by: Binary.com
