• This morning, the euro slipped further after Greek debt talks appeared to slip closer to a ‘Grexit’ scenario with German creditors frustrated by the latest proposals that do not go far enough.
• The S&P 500 is likely to gap lower on the open, with the dollar largely unchanged so far.
• The pound is reversing early gains.
• Meanwhile, the yen is holding after sliding from the highs last week.
Coming up today:
• Coming up today we have Canadian manufacturing sales released alongside the US Empire State manufacturing index.
• ECB president Draghi speaks at 14.00.
• From 14.15 we switch back to US for capacity utlisiation rate, released alongside industrial production.
Trade Idea:
The euro still isn’t moving as much as we might expect given the continual flow of negative headlines from recent negotiations.
Can Greece pull another rabbit out of the hat? Quite possibly, but the key question is whether the creditors have can patience left. Further downside surely remains likely.
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.
The pound is reversing early gains
Morning Report: 08.30 London
• This morning, the euro slipped further after Greek debt talks appeared to slip closer to a ‘Grexit’ scenario with German creditors frustrated by the latest proposals that do not go far enough.
• The S&P 500 is likely to gap lower on the open, with the dollar largely unchanged so far.
• The pound is reversing early gains.
• Meanwhile, the yen is holding after sliding from the highs last week.
Coming up today:
• Coming up today we have Canadian manufacturing sales released alongside the US Empire State manufacturing index.
• ECB president Draghi speaks at 14.00.
• From 14.15 we switch back to US for capacity utlisiation rate, released alongside industrial production.
Trade Idea:
The euro still isn’t moving as much as we might expect given the continual flow of negative headlines from recent negotiations.
Can Greece pull another rabbit out of the hat? Quite possibly, but the key question is whether the creditors have can patience left. Further downside surely remains likely.
A good way to play this is a LOWER trade predicting that the EUR/USD will TOUCH 1.1000 within the next 7 days for a potential return of 133%.
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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