Morning Report: 08.30 London
• This morning Asian stock markets hit their highest levels for five months after better then expected economic data and US company earnings. The US dollar index has dropped as investors shun safe havens.
• Gold is the biggest riser this morning, up 0.23%.
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• Dollar pairs are the main movers this morning, with the AUD/USD up 0.14%, the EUR/USD up 0.11% and the NZD/USD up 0.06%.
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• The yen pairs are mixed as the USD/JPY fights back after speculation that the Bank of Japan would take steps to weaken the currency.
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• The euro continues to out perform, as seen with the EUR/GBP’s gains this morning.
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Coming up today:
• Coming up today, we have the release of the minutes from the last MP C meeting at 09.30, along with UK claimant count change at 09.30. The unemployment rate is also expected to stay at 8.1%.
• US building permits are released at 13.30, with housing starts released at the same time.?
Bet Idea:
• The Australian dollar lagged yesterday as Europe took centre stage, but as the bulls take control, the Aussie is pushing to the forefront.
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A good way to play this might be a HIGHER trade predicting that the AUD/USD closes above 1.0350 in 2 days time. This could return 164% if successful.
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This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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