Daily Report September 25th, 2018: European Inflation In Focus

Morning Report: 07.00 London

This morning, the dollar is back in control amid general uncertainty in other safe haven regions.

The AUD/ USD is weak again for the second straight day as Chinese stock markets slump and Australia catches a cold by proximity.

The euro is holding up ok following ECB President Draghi’s speech which highlighted price pressures across Europe. The EUR/USD is making tentative losses after a volatile session yesterday. The EUR/JPY continues to make gains, with the pair set to challenge the highs once again. This says more about yen weakness than euro strength. The EUR/GBP is unchanged after pressure yesterday as the pound found some of its mojo. The biggest gains for the euro have come against the Swiss franc, with the EUR/CHF rising as the Swiss falls under favour.

The GBP/USD put in a good showing yesterday after Friday’s significant losses. The downtrend is continuing this morning though. The GBP/JPY is continuing to recover from Friday’s losses.

The swiss franc continues to struggle against the weight of the US dollar, with the USD/CHF rallying.

The USD/CAD is continuing its rebound as the dollar regains its poise.

The USD/JPY continues to perform well as yen interest diminishes.

Coming up today

Coming up today, we have MPC member Vliegh speaking at 09.40.

At 15.00, we have CB Consumer Confidence.

Trade Idea

The Japanese economy continues to plod amid fears of productivity slumps towards the end of Abe’s premiership.

September 25th, 2018: European Inflation In Focus

The dollar is currently firmly in control and a good way to play this is a HIGHER trade predicting that the USD/JPY will close above 113.50 in 14 days for a potential return of 189%.

September 25th, 2018: European Inflation In Focus

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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.

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