Daily Market Analysis March 12th, 2015

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Euro Market Analysis Binary OptionsGood morning,

The future of the New Zealand Dollar (NZD) lies in the hands of the Reserve Bank of New Zealand (RBNZ), which will hold their monetary policy meeting today. They are likely to discuss the current cash rate being at 3.5%, it is presumed that it will stay that way too. However the RBNZ latest Monetary Policy Statement (MPS), will probably see a drastic change. This could be that result of high volatile changes for the kiwi (NZD) today.

Yesterday the AUD / USD hit a new low today since May 2009, this happened before the February employment report. The effects did not come from Oz, but rather Asia, the continuous strengthening of the USA as well as retreated on the back of the NZD due to a decrease in demand for exporters of infant formula following Tuesday’s threats. Is it not just fascinating how everything in a countries external environment can contribute to the strength or weakening of its currency? The pair is at a low of 0.7500, short term I predict that the pair could reach 7.450 very early on today.

The most important information coming out of Oz in the next few day is the employment report, which could turn either way, depending on the data. At the moment there is a high bout of unemployment that is plaguing the country, this could bring the Australian Dollar (AUD) down even further.

I was wrong and I admit it, I was under the impression last week that there would be some relief on the decreasing of the Euro. However, it is hitting all time lower than low and has fast fallen to already 600 pips. There’s no saying what further damage this could cause. Not only are the Greek’s in financial catastrophe, totally by their own doing, but soon so will all the neighboring countries be in a similar devastation. Something needs to be done soon.

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Gold has been making the headlines for all the wrong reasons lately however the precious metal took a turn for the best on Tuesday, and today will be the deciding factor if the metal will, in fact, stay on a positive stretch. This commodity was always the trading alternative to volatile currencies, not only is it an ultra-low interest rate asset but also following the monotonous news where it was stagnant at the same old reports, where the USD got stronger the EUR got weaker… with all the trading on Gold in the past few weeks the luck had finally rolled in its direction. Finally, investor’s safe haven trading asset may be on its road to recovery.

This could also be another ruse, I would trade on the side of caution for now, allowing this metal another week to prove itself first before I risk my capital on it.

Today’s Binary Trading Tip:

The EUR does not appear to be making a comeback anytime soon and the USD is growing from strength to strength, I would couple either up with one of the majors. For example CALL – USD / JPY, PUT – GBP / EUR it is a very simple day for traders looking to make a sure profit, mindless, in fact.

Happy trading!

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Jason B Kruger

Professional Trader at WhyOptions
Jason B. Kruger is a Professional Trader & Chief Editor for WhyOptions.com, who is considered ‘The Authority’ on Binary Options Trading Strategies, Reviewing Brokers,Providers and their Products.
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