• Greece appears to be running out of time and friends, yet the Euro is still standing proud largely thanks to the ECBs quantitative easing according to analytsts. The Euro remains stable this morning despite the lack of progress.
• Stock markets too are surprisingly upbeat, with a counter rally yesterday ahead of today’s FOMC meeting.
• The Dollar index remains stuck in no mans land, with today’s meeting a potential catalyst for change.
Coming up today:
• Coming up today we have UK average earnings at 09.30 released alongside claimant count change data.
• Canadian wholesale inventories sales follow at 13.30.
• BOE governor Carney speaks at 18.45.
• The day’s main ticket is the FOMC meeting decision at 19.00, with the press conference to follow at 19.30.
Trade Idea:
The fate of the Euro is anyone’s guess, but the Australian Dollar’s trend is hard to ignore. The Australian Dollar remains under pressure as commodity prices remain under pressure.
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.
All Eyes On Fed as Grexit Looms
Morning Report: 07.00 London
• Greece appears to be running out of time and friends, yet the Euro is still standing proud largely thanks to the ECBs quantitative easing according to analytsts. The Euro remains stable this morning despite the lack of progress.
• Stock markets too are surprisingly upbeat, with a counter rally yesterday ahead of today’s FOMC meeting.
• The Dollar index remains stuck in no mans land, with today’s meeting a potential catalyst for change.
Coming up today:
• Coming up today we have UK average earnings at 09.30 released alongside claimant count change data.
• Canadian wholesale inventories sales follow at 13.30.
• BOE governor Carney speaks at 18.45.
• The day’s main ticket is the FOMC meeting decision at 19.00, with the press conference to follow at 19.30.
Trade Idea:
The fate of the Euro is anyone’s guess, but the Australian Dollar’s trend is hard to ignore. The Australian Dollar remains under pressure as commodity prices remain under pressure.
A good way to play this is a LOWER trade predicting that the AUD/USD will close below 0.7700 in 7 days time for a potential return of 122%.
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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