• This morning, the euro is struggling as Germany, or more specifically Angela Merkel maintains a hard line in relation to Greek debt negotiations.
• Elsewhere, the Australian and New Zealand dollars remain rangebound, with the NZD/USD pushing against Friday’s losses and the AUD/USD continuing to drift in no man’s land.
• Commodity prices have continued to drift with oil price in no hurry to recover.
Coming up today:
• Coming up today, we have UK inflation data from 09.30, with PPI released at the same time. An unchanged reading of 0% is expected for the headline CPI data.
• US building permits and housing starts follow at 13.30.
Trade Idea:
The euro continues to struggle in the face of an ever strong US dollar. The Greenback remains untroubled as investors fret over the realistic fate of Greece in the long run, while weak oil prices and a devalued yuan continue to life the dollar.
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 Struggles on German Hard Line
Morning Report: 07.00 London
• This morning, the euro is struggling as Germany, or more specifically Angela Merkel maintains a hard line in relation to Greek debt negotiations.
• Elsewhere, the Australian and New Zealand dollars remain rangebound, with the NZD/USD pushing against Friday’s losses and the AUD/USD continuing to drift in no man’s land.
• Commodity prices have continued to drift with oil price in no hurry to recover.
Coming up today:
• Coming up today, we have UK inflation data from 09.30, with PPI released at the same time. An unchanged reading of 0% is expected for the headline CPI data.
• US building permits and housing starts follow at 13.30.
Trade Idea:
The euro continues to struggle in the face of an ever strong US dollar. The Greenback remains untroubled as investors fret over the realistic fate of Greece in the long run, while weak oil prices and a devalued yuan continue to life the dollar.
As such, we could well see further downside from here for the EUR/USD and a good way to play this is a LOWER trade predicting that the EUR/USD will close below 1.0950 in 20 days time for a potential return of 195%.
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:
Email [email protected] or skype me at bomaffiliates-karen
Related Posts: