• There was some positive movement in the Greek negotiations in the form of a slight climb down from the Tsipras government. However, all this has done is rolled negotiations over to a new deadline with nothing concrete on the table yet. The “this time we really mean it” line from creditors has certainly lost its potency with each repetition. Still, financial markets appear to have liked the news, lifting the Euro somewhat.
• The Dollar continues to weaken, while the S&P 500 is set to recover from an opening gap lower.
• There is no real trend to speak of yet on FX markets, with slight Dollar weakness the only trend of note so far. The AUD/USD is making early headway in this regard.
Coming up today:
• The euro group meetings and euro summit will dominate the news agenda today, with existing US Home sales at 15.00 the only planned item of note today.
Trade Idea:
Gold is tucking back this morning, but the trend still has a positive bias. While the US Dollar remains under pressure, there could be further upside from here, especially while Gold remains neither oversold or overbought.
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.
Greece – Just as One Deadline Passes….
Morning Report: 07.30 London
• There was some positive movement in the Greek negotiations in the form of a slight climb down from the Tsipras government. However, all this has done is rolled negotiations over to a new deadline with nothing concrete on the table yet. The “this time we really mean it” line from creditors has certainly lost its potency with each repetition. Still, financial markets appear to have liked the news, lifting the Euro somewhat.
• The Dollar continues to weaken, while the S&P 500 is set to recover from an opening gap lower.
• There is no real trend to speak of yet on FX markets, with slight Dollar weakness the only trend of note so far. The AUD/USD is making early headway in this regard.
Coming up today:
• The euro group meetings and euro summit will dominate the news agenda today, with existing US Home sales at 15.00 the only planned item of note today.
Trade Idea:
Gold is tucking back this morning, but the trend still has a positive bias. While the US Dollar remains under pressure, there could be further upside from here, especially while Gold remains neither oversold or overbought.
A good way to play this is a HIGHER trade predicting that gold will close above $1200 in 7 days time for a potential return of 114%.
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: