Morning Report: US Dollar Getting Back On Track

 

us-dollar

 

Tue, 20 Jan 2015

Binary.com

  • This morning, the US dollar index is continuing to get its trend back on track, pushing yen pairs higher and limiting gains on the dollar pairs. Meanwhile, the S&P 500 is rising after a blip on Friday.

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  • The USD/JPY is rallying for the third straight day, lifting all other yen pairs especially the GBP/JPY which is up 0.55%.

20-01-2015 08-04-25

 

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  • Elsewhere, the NZD/USD and AUD/USD are lagging after Chinese growth slowed to its lowest level in 25%, even as it overtook the US.

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Coming up today:
  • Coming up today we have German ZEW economic sentiment at 10.00.
  • Canadian manufacturing sales follow at 13.30.
  • From 15.00 we switch to the US, with FOMC member Powell speaking alongside the release of NAHB housing market index.
Trade Idea:
  • The USD/JPY is slowly climbing back higher and while the trend is yet to regain its previous strength, the longer term direction is still higher.

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  • A good way to play this is a HIGHER trade predicting that the USD/JPY will close above 118.50 in 7 days time for a potential return of 108%.

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

Summary:

20-01-2015 08-02-07

 

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Please note that Binary.com does not accept U.S. citizens as clients

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