• This morning, the euro is on the back foot despite signs of Greece inching towards a deal. This is progressing despite Germany stating that the deal is insufficient.
• Elsewhere, the pound is regaining ground after disappointing earnings growth yesterday.
• The Aussie is reversing yesterday’s gains as China issues a rate statement proclaiming currency stability.
• The S&P 500 is quiet after a highly volatile session yesterday, while the dollar has a positive bias.
Coming up today:
• Coming up today, we have US retail sales and unemployment claims at 13.30. Import prices are released at the same time.
Trade Idea:
Gold is on the back foot after rallies this week and this could be a good time to ride the counter move lower.
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.
Euro Retreats as Germany Digs In
Morning Report: 07.00 London
• This morning, the euro is on the back foot despite signs of Greece inching towards a deal. This is progressing despite Germany stating that the deal is insufficient.
• Elsewhere, the pound is regaining ground after disappointing earnings growth yesterday.
• The Aussie is reversing yesterday’s gains as China issues a rate statement proclaiming currency stability.
• The S&P 500 is quiet after a highly volatile session yesterday, while the dollar has a positive bias.
Coming up today:
• Coming up today, we have US retail sales and unemployment claims at 13.30. Import prices are released at the same time.
Trade Idea:
Gold is on the back foot after rallies this week and this could be a good time to ride the counter move lower.
A good way to play this is a LOWER trade predicting that gold will close below $1100 in 14 days time for a potential return of $237%.
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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