• This morning, markets are dead calm after a rare weekend of no Greek activity and no currency surprises from China. Stock markets are slightly on the back foot, while the dollar index has a positive bias.
• The euro looks set to continue Friday’s negative session as Germany looks set to maintain a hash line on Greece.
• Elsewhere, gold is nudging higher, while oil prices are unchanged so far.
Coming up today:
• Coming up today, we have a quiet session, with US Empire state manufacturing index the main highlight.
Trade Idea:
The USD/CAD is on the rise this morning as oil prices remain depressed. Until we see significant movement on commodities, there could well be more upside for the USD/CAD.
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.
A Quiet Summer Monday
Morning Report: 07.00 London
• This morning, markets are dead calm after a rare weekend of no Greek activity and no currency surprises from China. Stock markets are slightly on the back foot, while the dollar index has a positive bias.
• The euro looks set to continue Friday’s negative session as Germany looks set to maintain a hash line on Greece.
• Elsewhere, gold is nudging higher, while oil prices are unchanged so far.
Coming up today:
• Coming up today, we have a quiet session, with US Empire state manufacturing index the main highlight.
Trade Idea:
The USD/CAD is on the rise this morning as oil prices remain depressed. Until we see significant movement on commodities, there could well be more upside for the USD/CAD.
A good way to play this is a HIGHER trade predicting that the USD/CAD will close above 1.3200 in 10 days time for a potential return of 173%.
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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