• This morning, the euro is rallying after the ECB pledged support yesterday for Greek banks to help prop up the capital outflows since the start of the year. Capital controls are now being suggested, a move that does not exactly have universal support.
• The Australian dollar is the big mover as a rate cut possibility continues in the air.
• Gold is rallying off yesterday’s low point, benefiting from the dollar’s continued lack of interest.
• The S&P 500 rallied off the lows yesterday on the back of dovish Fed minutes, but is pulling back again this morning.
Coming up today: • Coming up today we have UK CBI industrial order expectations at 11.00.
• This is followed by the released of the minutes from the last ECB meeting.
• US unemployment claims follow at 13.30.
Trade Idea:
• The NZD/USD continues to outperform its Australian neighbour and most other dollar pairs. The continued uptrend is impressive and there could be higher levels to come, especially if the dollar index continues its funk.
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 Rallies On ECB Support
Morning Report: 8.15 London
• This morning, the euro is rallying after the ECB pledged support yesterday for Greek banks to help prop up the capital outflows since the start of the year. Capital controls are now being suggested, a move that does not exactly have universal support.
• The Australian dollar is the big mover as a rate cut possibility continues in the air.
• Gold is rallying off yesterday’s low point, benefiting from the dollar’s continued lack of interest.
• The S&P 500 rallied off the lows yesterday on the back of dovish Fed minutes, but is pulling back again this morning.
Coming up today:
• Coming up today we have UK CBI industrial order expectations at 11.00.
• This is followed by the released of the minutes from the last ECB meeting.
• US unemployment claims follow at 13.30.
Trade Idea:
• The NZD/USD continues to outperform its Australian neighbour and most other dollar pairs. The continued uptrend is impressive and there could be higher levels to come, especially if the dollar index continues its funk.
A good way to play this is a HIGHER trade predicting that the NZD/USD will close above 0.7550 in 7 days time for a potential return of 110%.
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: