Confidence Returns As Crimea Goes Quiet

Morning Report: 08:30 London

• This morning, markets are holding yesterday’s gains after US consumer confidence hit a six year high and tensions in Crimea eased further. Moscow has for now got what it wanted – the Crimean peninsula and more importantly has done so in the face of weak a Western response. Markets don’t seem to care too much about the political point scoring in this, the situation is for now stable and markets like stability.

• The S&P 500 is holding yesterday’s gains though we are some way from seeing a bullish trend.                            
         

• Commodity related currencies are on the rise, spear headed by the Aussie dollar after positive noises coming from the RBA.

                             
                             
• The NZ and Canadian dollars are also gaining some interest.

                                                                                   
                            

• Gold and silver are also on the up, though there is some way to go to recover recent losses.

                           
                                                      
Coming up today:
• Coming up today we have US core durable goods from 12.30, followed by crude oil inventories at 14.30.

Trade Idea:
• The NZD/USD has lagged the AUD/USD in recent days, but now we could see some catch up if recent highs are breached.

                                 

A good way to play this is a HIGHER trade predicting that the NZD/USD will close above 0.8625 in 2 days time for a potential return of 125%.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: