• This morning, markets are quiet, a mood influenced by a public holiday in Japan today. Stock markets are pausing at the highs, while the dollar index is on the cusp of breaking higher.
• The NZD/USD is the main mover, as traders continue to speculate that a Chinese rate cut could mean a return to growth in the region and boost demand for raw commodities. The AUD/USD is so far unchanged however.
• After a late flurry of activity on Friday, the euro is recovering somewhat today, but has some way to go to make back some of the losses from last week’s final session.
• The yen pairs have a positive, edge with both the GBP/JPY and AUD/JPY nudging higher.
Coming up today: • Coming up today we have German Ifo business climate at 09.00. Trade Idea:
• After Friday’s plunge, the EUR/USD is attempting to recover, but the longer term trend is still strongly negative.
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.
Dollar Heads For The Highs
Morning Report: 08.30 London
• This morning, markets are quiet, a mood influenced by a public holiday in Japan today. Stock markets are pausing at the highs, while the dollar index is on the cusp of breaking higher.
• The NZD/USD is the main mover, as traders continue to speculate that a Chinese rate cut could mean a return to growth in the region and boost demand for raw commodities. The AUD/USD is so far unchanged however. 
• After a late flurry of activity on Friday, the euro is recovering somewhat today, but has some way to go to make back some of the losses from last week’s final session.
• The yen pairs have a positive, edge with both the GBP/JPY and AUD/JPY nudging higher.
Coming up today:
• Coming up today we have German Ifo business climate at 09.00.
Trade Idea:
• After Friday’s plunge, the EUR/USD is attempting to recover, but the longer term trend is still strongly negative.
A good way to play this is a LOWER trade predicting that the EUR/USD will close below 1.2350 i 7 days time for a potential return of 160%.
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: