Markets Hold at Highs

Morning Report: 09.00 London

• This morning, world markets are holding at the highs, with the S&P 500 within a day’s session of breaking to record new levels. The dollar index is continuing to stabilise without making a sustained recovery.

• The Australian and New Zealand dollars are under performing on continued rate cut speculation for both regions.
        
                          

• Gold is racing higher and now looks set to break the April trading range.

• The USD/JPY is on the rise, but the pair is still stuck within its two month trading range. The other main yet pairs are continuing their up trend, with the EUR/JPY putting on a winning run.

• The pound and euro are slipping against the dollar however.

                           
                                                                        
Coming up today:

• Coming up today we have the US NAHB housing market index at 15.00.

Trade Idea:

• The EUR/JPY winning run is worth noting as it comes despite continued disagreements in Greek debt negotiations.

                           
                                                   
A good way to play this is a HIGHER trade predicting that the EUR/JPY will close above 137.00 in 7 days time for a potential return of 124%.

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.

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