Markets Start With Monday Blues

Morning Report: 09.00 London

• This morning, financial markets have a severe case of the Monday blues as the S&P 500 continues Monday’s sell-off. Money flows through Asia have been weak, as investors look to book profits in an increasingly messy trading environment. The dollar index is down slightly, but ultimately still holding the highs.                                                                                           

                               
                                                                                                                                                                   
                               

• The British pound is the big mover today, out performing the euro and other dollar pairs.

                               

• By contrast, the Australian dollar is weaker yet again. This move is notable in the context of the dollar index slipping back.

                               

Coming up today:

• Coming up today we have ECB President Dragi speaking at 14.00.

• This is followed by US existing home sales at 15.00.

Trade Idea:

• Even on a day when the dollar index gives back some ground, the NZD/USD is dropping again. This speaks of the pervasive weakness in the Kiwi and Aussie right now, making a LOWER trade attractive.

A LOWER trade predicting the the NZD/USD will close below 0.8100 in 7 days time could return 137%.

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. Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Fixed odds trading may incur losses as well as gains.

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