• This morning, absent of any significant weekend news and with traders heading to their holiday homes, markets are understandably quiet this morning. There have been some positive noises from Europe over Greece, but nothing of real substance so far.
• The dollar index is unchanged, while the S&P 500 has a positive bias this morning.
• Elsewhere, the Australian dollar and its close cousin the NZD/USD are tipping back as oil prices remain below $45.
• Gold continues to slowly lift itself off the lows.
Coming up today:
• We have a quiet day again today, with Fed member speeches from 12.15 the only real items of note.
Trade Idea:
With oil prices still struggling and a US rate hike increasingly likely, the USD/CAD could have more upside to come.
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.
Monday Contained By Summer Trading
Morning Report: 07.00 London
• This morning, absent of any significant weekend news and with traders heading to their holiday homes, markets are understandably quiet this morning. There have been some positive noises from Europe over Greece, but nothing of real substance so far.
• The dollar index is unchanged, while the S&P 500 has a positive bias this morning.
• Elsewhere, the Australian dollar and its close cousin the NZD/USD are tipping back as oil prices remain below $45.
• Gold continues to slowly lift itself off the lows.
Coming up today:
• We have a quiet day again today, with Fed member speeches from 12.15 the only real items of note.
Trade Idea:
With oil prices still struggling and a US rate hike increasingly likely, the USD/CAD could have more upside to come.
A good way to play this is a HIGHER trade predicting that the USD/CAD closes above 1.3200 in 35 days for a potential return of 132%.
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.
Summary:
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