Morning Report: 09.00 London
- This morning, the Australian dollar is still leaking pips as China gropes for a turnaround. The AUD/JPY is down by 0.66%, with the AUD/USD down 0.44%.
- Elsewhere, commodities are mixed with gold climbing and oil stuck in an ugly range. The US dollar is easing off this morning.
- Elsewhere, the euro is holding up reasonably well, while the GBP/USD is stable after two days of heavy selling.
Coming up today:
- Today we have EU targeted LTRO data from 10.15.
- This is followed by US core durable goods orders at 13.30 and unemployment claims released at the same time.
- Fed Chair Yellen speaks at 22.00.
Trade Idea:
- The USD/JPY remains in a tight range, with a breakout on the cards soon. For the US, it still remains a case of when not if for rate hike in the US.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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