Morning Report: Chance Of Aussie Rate Hike Slips

Morning Report: 09.00 London-Binary.com

  • This morning, the Australian dollar is facing isolated pressure after CPI levels came in well below estimates, thus lessening the probability of a rate hike in the near future. The Aussie pairs are down over 1% on a day that other pairs are generally unchanged and stock markets are lifeless.

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  • The NZD/ USD off by around 0.30% in sympathy.

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  • The British pound is also struggling this morning ahead of the release of voting patterns for the last MPC meeting.

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Coming up today: 
  • Coming up today we have UK voting patterns for the MPC bank rate and asset purchase program at 09.30. Public sector net borrowing is released at the same time.
  • From 13.30, we switch to North America with Canadian core retail sales followed by US flash manufacturing PMI and US new home sales.
Trade Idea: 
  • The GBP/ JPY is pulling back heavily from the highs and after two failed attempts at these levels in the last two months, we could see some further downside from here.

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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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