• It’s now a familiar refrain – Markets wake late Sunday night to the news of more trouble for Greece. Markets gap lower at the open then stage some sort of recovery before bimbling around for the rest of the weekend for the next round fo crisis talks.
• We’re seeing the same again today, with the S&P 500 and euro recovering some of those opening losses.
• The euro is on the rise despite a firm resolution to the problem. Greek concessions may have won some good will.
• The NZD/USD bucking the general trend and rallying this morning despite China trade balance figures coming in below expectations.
Coming up today:
• BOE Credit conditions survey is the day’s main planned highlight at 09.30.
Trade Idea:
Nothing has fundamentally changed for the NZD/USD despite this morning’s rally and it may pay to bet on the longer term trend.
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.
Greece on the Brink (again). Euro Holding
Morning Report: 07.00 London
• It’s now a familiar refrain – Markets wake late Sunday night to the news of more trouble for Greece. Markets gap lower at the open then stage some sort of recovery before bimbling around for the rest of the weekend for the next round fo crisis talks.
• We’re seeing the same again today, with the S&P 500 and euro recovering some of those opening losses.
• The euro is on the rise despite a firm resolution to the problem. Greek concessions may have won some good will.
• The NZD/USD bucking the general trend and rallying this morning despite China trade balance figures coming in below expectations.
Coming up today:
• BOE Credit conditions survey is the day’s main planned highlight at 09.30.
Trade Idea:
Nothing has fundamentally changed for the NZD/USD despite this morning’s rally and it may pay to bet on the longer term trend.
A good way to play this is a LOWER trade predicting that the NZD/USD closes below 0.6700 in 7 days time for a potential return of 129%.
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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