Morning Report: 06.30 London • This morning, financial markets are stable after yesterday’s surge in sentiment back towards the ‘remain’ vote in polling. The US dollar index is stable after heavy selling yesterday.
• By contrast the yen pairs are on the rise, as another indication as a return to stabilisation and risk taking.
• The euro – pound balance remains tied to the pound. Despite small gains this morning, the EUR/GBP is yet to undo yesterday’s opening gap lower.
Coming up today:
• Coming up today we have UK public sector net borrowing at 09.30. • Keep your eye out for the German constitutional court ruling OMT operations. • Following this we have German ZEW economic sentiment. • At 14.00 we have ECB president Draghi speaks. • Finally, Fed chair Yellen testifies at 15.00.
Trade Idea:
• It’s all gone quiet over China. After a period of warnings and worsening economic conditions, the Asian giant has been out of the headlines.
• This has been excellent news for the likes of the Australian dollar as exports continue (albeit at a moderated pace).
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 accepts no liability whatsoever for any losses incurred by users in their trading. Binary options trading may incur losses as well as gains.
Markets Stable as Vote Day Looms
Morning Report: 06.30 London
• This morning, financial markets are stable after yesterday’s surge in sentiment back towards the ‘remain’ vote in polling. The US dollar index is stable after heavy selling yesterday.
• By contrast the yen pairs are on the rise, as another indication as a return to stabilisation and risk taking.
• The euro – pound balance remains tied to the pound. Despite small gains this morning, the
EUR/GBP is yet to undo yesterday’s opening gap lower.
Coming up today:
• Coming up today we have UK public sector net borrowing at 09.30.
• Keep your eye out for the German constitutional court ruling OMT operations.
• Following this we have German ZEW economic sentiment.
• At 14.00 we have ECB president Draghi speaks.
• Finally, Fed chair Yellen testifies at 15.00.
Trade Idea:
• It’s all gone quiet over China. After a period of warnings and worsening economic conditions, the Asian giant has been out of the headlines.
• This has been excellent news for the likes of the Australian dollar as exports continue (albeit at a moderated pace).
A good way to play this is a HIGHER trade predicting that the AUD/USD will close above 0.7550 in 14 days for a potential return of 162%.
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 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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