Markets Stumble as Apple Fails to Impress 

Morning Report: 07.00 London

• This morning, markets are on the back foot after Apple’s results failed to fizz last night. Such is the size of the tech giant that its results can set the tone for all markets.

• The dollar is also on the back foot after days of rallies.

• Elsewhere, it’s relatively quiet with the yen pairs slipping lower on a return to a ‘risk-off’ attitude in markets.

• The Australian dollar is slipping back after CPI dipped slightly.

Coming up today:

• Coming up today we have the MPC official bank rate votes at 09.30.

• US existing home sales follow at 15.00, with crude inventories at 15.30.

• The Greek government debt vote will dominate proceedings however.

Trade Idea:

The euro has been quiet since the recent solution, but this is unlikely to last.

The reality is that Greek debt is unsustainable without debt relied, yet so far this has been only hinted at.

Further downside is likely and a good way to play this is a LOWER trade predicting that the EUR/USD will close below 1.0800 in 30 days time for a potential return of 187%.                                                           

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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