• This morning, news outlets are running with headlines that imply Greece is teetering on the brink. On the brink of what though? Default? Leaving the Euro? Scraping through another deal? Whatever the outcome, it’s clear that the Euro doesn’t pay much attention to newspaper headlines as the single currency has consistently refused to bow negativity. This morning is no exception with the Euro generally out performing its peers.
• The Yen pairs are on the rise, with the GBP/JPY continuing its up trend.
• The Australian and New Zealand Dollar are both still under pressure.
• The Dollar is holding steady, while stock market futures continue to reverse.
Coming up today:
• Coming up today we have UK net lending to individuals at 09.30.This is followed by the latest S&P 500 HPI index at 14.00.
• The main highlight for the day is US CB consumer confidence at 15.00.
Trade Idea:
The NZD/USD has continued its down swing despite the Dollar flat lining. This hints at underlying weakness with more downside on the cards potentially.
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 Shrugs as Greece Teeters On Brink
Morning Report: 08.00 London
• This morning, news outlets are running with headlines that imply Greece is teetering on the brink. On the brink of what though? Default? Leaving the Euro? Scraping through another deal? Whatever the outcome, it’s clear that the Euro doesn’t pay much attention to newspaper headlines as the single currency has consistently refused to bow negativity. This morning is no exception with the Euro generally out performing its peers.
• The Yen pairs are on the rise, with the GBP/JPY continuing its up trend.
• The Australian and New Zealand Dollar are both still under pressure.
• The Dollar is holding steady, while stock market futures continue to reverse.
Coming up today:
• Coming up today we have UK net lending to individuals at 09.30.This is followed by the latest S&P 500 HPI index at 14.00.
• The main highlight for the day is US CB consumer confidence at 15.00.
Trade Idea:
The NZD/USD has continued its down swing despite the Dollar flat lining. This hints at underlying weakness with more downside on the cards potentially.
A good way to play this is a LOWER trade predicting that the NZD/USD will close below 0.6950 in 7 days time for a potential return of 125%.
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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