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Aussie Slips Back on Policy Notes

Binary.com Daily Financial Review July 19th 2016

Morning Report: 10.30 London

  • This morning, the Australian dollar is the big mover to the downside after the release of monetary policy meeting minutes from the RBA. Analysts have focused on the dovish implications from the release, causing widespread selling of the Aussie, with the AUD/JPY and AUD/USD down by over 1%.

Aussie Slips Back

Aussie Slips Back

 

  • The NZD/USD is slipping lower in sympathy.

Aussie Slips Back

 

  • There’s been a corresponding uptick in risk-off trading, with the US dollar testing the highs and USD/JPY slipping lower.

Aussie Slips Back

Aussie Slips Back

 

Coming up today:

  • Coming up today we have UK CPI at 09.30, released alongside RPI and PPI output.
  • German ZEW economic sentiment follows at 10.00, alongside pan-European ZEW sentiment.
  • Following this, we have US building permits and housing starts.
  • MPC member Broadbent speaks at 15.05.

Trade Idea:

  • The Australian dollar is under pressure today just as attention turns back to the inherent weakness in the Chinese economy. GDP might be stabilising, but this appears to be driven increasingly by the government rather than private spending. How sustainable is this?

Aussie Slips Back

  • With questions marks around the Aussie’s main benefactor, now could be a good time to catch further negativity in the AUD/USD.

 

A good way to play this is a LOWER trade predicting that the AUD/USD will close below 0.7425 in 14 days for a potential return of 212%

Aussie Slips Back

 

Bank of England Eyes Historic Cut

N.B. This financial market report is intended for educational and information purposes only. It should not be construed as investment or financial advice and you should not rely on any of its content to make or refrain from making any investment decisions. The views expressed in this report are those of the author and do not necessarily reflect the views or position of Binary.com. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Binary options trading may incur losses as well as gains.

 

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