Markets Steady After Sell-Off

Morning Report: 08:45 London

• This morning, markets are steady with a positive edge after heavy selling on stock markets & certain FX pairs.

•The Australian and New Zealand dollars are still showing signs of stress however, after pulling hard back from the highs on Thursday.

• The yen pairs saw some of the heaviest selling yesterday, but are climbing off the morning lows.

                       

Coming up today:
• Coming up today, we have UK trade balance at 09.30, with a widened deficit expected.
• Following this, we have US PPI at 12:30 and Consumer sentiment at 13.55.

Trade Idea:
• The EUR/USD is flirting with its highest levels since late 2011, but with the Ukraine crisis reaching another crunch point soon with the Crimean referendum, upside could be limited.

                                     

A good way to play this could be a LOWER trade predicting that the EUR/USD closes below 1.3850 in 5 days fore a potential return of 127%.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: