• This morning, the S&P 500 is breaking to fresh record highs as US policy makers consider a perfect storm for equity markets of delayed interest rate hikes and sustained (if slowing) growth.
• At the same time, the dollar index is on the rise after a period of pressure.
• The big loser this morning is the euro with all the main pairs slipping back. The EUR/USD. It is unclear whether this fall is down to Greek negotiations dragging on or expectations for a big drop in German economic sentiment.
• By contrast, the NZD/USD is on the rise after increased inflation expectations.
Coming up today:
• Coming up today we have UK inflation data from 09.30 with CPI expected to remain flat at 0% with RPI expected at +0.9%. PPI is expected to rise by 0.8%.
• Then at 10.00, we have German ZEW economic sentiment followed by final CPI and Europe wide ZEW economic sentiment.
• From 13.30 we switch to the US for building permits, with Canadian BOC governor Poloz speaking at 16.45. Trade Idea:
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 Slumps On German Sentiment
Morning Report: 09.00 London
• This morning, the S&P 500 is breaking to fresh record highs as US policy makers consider a perfect storm for equity markets of delayed interest rate hikes and sustained (if slowing) growth.
• At the same time, the dollar index is on the rise after a period of pressure.
• The big loser this morning is the euro with all the main pairs slipping back. The EUR/USD. It is unclear whether this fall is down to Greek negotiations dragging on or expectations for a big drop in German economic sentiment.
• By contrast, the NZD/USD is on the rise after increased inflation expectations.
Coming up today:
• Coming up today we have UK inflation data from 09.30 with CPI expected to remain flat at 0% with RPI expected at +0.9%. PPI is expected to rise by 0.8%.
• Then at 10.00, we have German ZEW economic sentiment followed by final CPI and Europe wide ZEW economic sentiment.
• From 13.30 we switch to the US for building permits, with Canadian BOC governor Poloz speaking at 16.45.
Trade Idea:
Gold is tucking back after flying high in recent days. There could be more downside from here and a good way to play this is a LOWER trade predicting that gold will close below $1200 in 7 days time for a potential return of 297%.
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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