Morning Report: 09.00 London
- This morning, markets continue to enjoy the cautious bias the FOMC is taking towards a potential 2015 rate hike. There was little new in last night’s FOMC minute release, but air of caution still remains. This has been a shot in the arm for dollar pairs and stock markets alike, while the dollar index continues to slip lower on a daily basis.
- The Australian and New Zealand dollar continue to set the pace as a delayed US rate hike is seen as a shot in the arm for the Australian economy via China.
- Elsewhere, the euro is joining other dollar pairs in rallying after French industrial production came in above expectations this morning.
Coming up today:
- This morning, we have UK trade balance data at 09.30.
- This is followed at 13.30 with Canadian employment change and unemployment rate. This released alongside US import prices.
- Following this we have FOMC member Lockhart speaking at 14.10, the BIC business outlook survey at 15.30 and FOMC member Evans speaking at 18.30.
Trade Idea:
- The GBP/ JPY has been remarkably consistent with its daily gains this week and this could continue as the dollar continues to drop.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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