Markets quiet as bank holidays hit

Morning Report: 08.45 London

• First we would like to express our support for anyone caught up in the Philippines disaster.

• Markets are generally quiet this morning as traders take a much needed break between last week’s data deluge and today’s bank holidays in France, the US and Canada.

• So far this morning, the euro is taking an early lead with the EUR/ GBP up 0.17% and the EUR/ USD up 0.10%. It looks as though traders are pulling off some of their profits from Friday’s euro shorts.

• The NZD/ USD is also performing well.

Coming up today:

• Coming up today we have German Buba president Weidmann speaking at 17.00.

Trade Idea:

• Friday’s euro sell off is showing very early signs of bottoming out and this could be a good time to play the rebound.

• A HIGHER trade predicting that the EUR/ USD closes above 1.3450 in 7 days time for a potential return of 199%.

This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.

Summary:

PLACE A TRADE NOW

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