Optimistic Start to Week

Morning Report: 06.30 London

• This morning, markets have started the week with an optimistic, if cautious bias. Economic Bellwether the Australian dollar is on the rise, along with its close cousin the New Zealand dollar.

• The US dollar itself is falling back while the USD/JPY rallies slightly.

                                                                                                                                                                                                                                              
Coming up today:

• Coming up today we have US Empire State Manufacturing Index at 13.30.

• It is also a bank holiday in France and Germany.

Trade Idea:

• The EUR/JPY is on the rise this morning, but the general trend for the EUR/JPY is mixed at best. Eurozone growth rates are hardly pulling up trees and the spectre of Greek troubles still haunts the euro.

                     

A good way to play this is a LOWER trade predicting that the EUR/JPY will close below 122.50 in 10 days for a potential return of 158%.

                          
                                                         

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.