• This morning, markets are on the rise after US officials announced that a full scale intervention in Iraq now seemed unlikely. The number of people stranded on the mountain has now reduced, with aid drops, air support and Kurdish forces helping to alleviate the situation.
• The dollar index is still at the highs though, with dollar pair gains muted with the exception of the NZD/USD.
• Gold and silver are also nudging higher.
• Elsewhere, the British pound continues to weaken after Mark Carney appeared to kick a rate hike into the long grass yesterday.
Coming up today:
• Today we have European inflation data with CPI and then GDP released at 10.00.
• From 13.30 we have US unemployment claims as the main ticket.
Trade Idea:
• The EUR/GBP has shot higher in the last 24 hours, but Europe itself is hardly a bed of roses and while the UK rate hike is further away than thought, its still a lot closer than an ECB hike. As such we could see the recent EUR/GBP spike reversed somewhat.
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Markets Rally as Iraq Tensions Ease
Morning Report: 09.00 London
• This morning, markets are on the rise after US officials announced that a full scale intervention in Iraq now seemed unlikely. The number of people stranded on the mountain has now reduced, with aid drops, air support and Kurdish forces helping to alleviate the situation.
• The dollar index is still at the highs though, with dollar pair gains muted with the exception of the NZD/USD.
• Gold and silver are also nudging higher.
• Elsewhere, the British pound continues to weaken after Mark Carney appeared to kick a rate hike into the long grass yesterday.
Coming up today:
• Today we have European inflation data with CPI and then GDP released at 10.00.
• From 13.30 we have US unemployment claims as the main ticket.
Trade Idea:
• The EUR/GBP has shot higher in the last 24 hours, but Europe itself is hardly a bed of roses and while the UK rate hike is further away than thought, its still a lot closer than an ECB hike. As such we could see the recent EUR/GBP spike reversed somewhat.
A good way to play this is a LOWER trade predicting that the EUR/USD will close below 1.3361 in 5 days time for a potential return of 120%.
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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.
Summary:
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