Morning Report: 07.00 London
The dollar remains strong this morning, with markets expecting a strong set of NFP numbers. The Australian dollar remains weak, falling further below the 0.7100 level.
The EUR/USD recovered half of yesterday’s losses, but is back on the losing track this morning. The GBP/USD rallied sharply back above the 1.3000 level yesterday, with this morning’s selling set to challenge support again.
The USD/CAD has recovered the October gap to recover the 1.2900 level. The USD/CHF is also continuing its push towards parity, with 0.9950 the next target.
Yen pairs remain on the back foot, with the USD/JPY reversing steadily yesterday. The AUD/JPY remains weak, selling off for the last four days. The GBP/JPY and EUR/JPY also remain weak.
Coming up today
The day’s big ticket is US non-farm employment change at 13.30, released alongside unemployment rates and average hourly earnings.
Canadian employment change, unemployment rate and trade balance are released at the same time.
The Aussie remains weak, with the yen holding its own against most currencies with the exception of the dollar.
Disclaimer: 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.