Dollar In Control
as Markets Show Fight

Morning Report: 06.30 London

• The Dollar index remains the currency of choice for the moment after US markets staged a solid recovery from a difficult start yesterday.

• The Yen pairs are on the rise as confidence returns to world markets.

• The Dollar pairs too have a positive, if small positive bias with the Euro continuing to out perform the Pound.

• Oil prices are also catching the generally positive mood, rallying yesterday to test the highs of the recent range.

Coming up today:

• Coming up today we have European M3 Money Supply at 09.00.

• This is followed by UK second estimate GDP at 09.30 released alongside preliminary business investment.

• At 10.00, we have European final CPI.

• At 13.30, we have US core durable goods orders, released alongside US unemployment claims.

Trade Idea:

• Gold has stabilised recently as world markets recover some form of confidence. It’s a fragile confidence however and 1% swings are still an almost daily occurrence.
                      

A good way to play this is a HIGHER trade predicting that gold closes above $1275 in 21 days for a potential return of 283%.

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.