Markets Holds Breath On Ukraine

Morning Report: 08:30 London

• This morning, financial markets have paused for breath as the situation in East Ukraine intensifies. While Pro Russian forces continue to repel the Ukrainian authorities in the East, major Western companies are dragging their heels on imposing tough economic sanctions.
         

                                                                                                                                                                                                                                  

• The S&P 500 is unchanged, while the dollar index dips slightly.
• Precious metals have slipped back into reverse gear, with silver down over half a percent.

                             

• The Australian dollar also continues to struggle, heading the list of yen pairs on the back foot today.
                                                                                                                                   
                                                                                         
                              

Coming up today:

• Coming up today we have Canadian CPI at 13.30, released alongside US unemployment claims.
• US Philly Fed Manufacturing is released at 15.00.

Trade Idea:

• The British pound is performing extremely well at present as speculation mounts that interest rate hikes may be forthcoming. The GBP/USD is right at resistance levels, but could just have the momentum to break through.

                                

A ONE TOUCH trade predicting that the GBP/USD TOUCHES 1.6950 in 7 days time could return 195% if successful.

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

Summary: