• This morning the euro is steady after heavy selling yesterday on the back of Greek niggles. Markets are confidence a short term deal will be done, but the long term problems are still not being addressed (ad infinitum).
• The pound is picking up the baton this morning, as the EUR/GBP maintains its losing streak.
• The yen pairs are on the rise as the dollar nips back towards its support trend line.
• Gold has weakened further despite the dollar backing off.
Coming up today:
• Today we have German Ifo business climate at 09.00.
• Final US GDP is released at 13.30.
• Eurogroup meetings run throughout the day.
Trade Idea:
The GBP/JPY has been one of the most consistent pairs over the last couple of months and while Europe remains under pressure, money could keep flowing to the UK.
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 Survives Another Day
Morning Report: 07.30 London
• This morning the euro is steady after heavy selling yesterday on the back of Greek niggles. Markets are confidence a short term deal will be done, but the long term problems are still not being addressed (ad infinitum).
• The pound is picking up the baton this morning, as the EUR/GBP maintains its losing streak.
• The yen pairs are on the rise as the dollar nips back towards its support trend line.
• Gold has weakened further despite the dollar backing off.
Coming up today:
• Today we have German Ifo business climate at 09.00.
• Final US GDP is released at 13.30.
• Eurogroup meetings run throughout the day.
Trade Idea:
The GBP/JPY has been one of the most consistent pairs over the last couple of months and while Europe remains under pressure, money could keep flowing to the UK.
A good way to play this is a HIGHER trade predicting that the GBP/JPY will close above 196.5 in 14 days for a potential return of 128%.
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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