• This morning, markets are relatively quiet after the shock move from the Swiss National Bank Last week. Stock markets futures are unchanged after a strong showing on Friday, while the dollar index is holding around the highs.
• On FX markets, we’re generally seeing a rewinding of the big moves last week, with the EUR/CHF and USD/CHF rebounding and clawing back a very small proportion of last week’s losses.
• The euro too is recovering, with the EUR/GBP and EUR/USD up around 0.15%. Small beer, but gains nonetheless.
• Elsewhere, the Australian dollar is pulling back, especially the AUD/JPY which is falling in line with the USD/JPY. Coming up today: • Coming up today, we have the German Buba monthly reports.
• There is also a bank holiday for the US with Martin Luther King. Trade Idea:
• Gold was pushed higher via the SNB activities, but looks prone for a pullback.
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.
Quiet After The Storm
Morning Report: 8.30 London
• This morning, markets are relatively quiet after the shock move from the Swiss National Bank Last week. Stock markets futures are unchanged after a strong showing on Friday, while the dollar index is holding around the highs.
• On FX markets, we’re generally seeing a rewinding of the big moves last week, with the EUR/CHF and USD/CHF rebounding and clawing back a very small proportion of last week’s losses.
• The euro too is recovering, with the EUR/GBP and EUR/USD up around 0.15%. Small beer, but gains nonetheless.
• Elsewhere, the Australian dollar is pulling back, especially the AUD/JPY which is falling in line with the USD/JPY.
Coming up today:
• Coming up today, we have the German Buba monthly reports.
• There is also a bank holiday for the US with Martin Luther King.
Trade Idea:
• Gold was pushed higher via the SNB activities, but looks prone for a pullback.
A good way to play this is a LOWER trade predicting that gold will close BELOW $1250 in 7 days time for a potential return of 216%.
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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