Binary.com Daily Market Report (26th May)
May 26, 2016 9:24 amVideo
Latest News
- Overview of the GBP/USD pair. September 3rd. Preview of the week. September 3, 2023
- Overview of the EUR/USD pair. September 3rd. Preview of the week. Lagarde’s speech and GDP September 3, 2023
- Analysis of the trading week from August 28th to September 1st for the GBP/USD pair. COT Report. The market is still keeping September 2, 2023
- Analysis of the trading week from August 28th to September 1st for the EUR/USD pair. COT Report. The dollar continues to September 2, 2023
- September 1, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. September 1, 2023
- September 1, 2023 : EUR/USD Intraday technical analysis and trading plan. September 1, 2023
- September 1, 2023 : GBP/USD Intraday technical analysis and significant key-levels. September 1, 2023
- Technical analysis on EUR/USD for September 1st, 2023. September 1, 2023
- EUR/USD. Contradictory Nonfarm payrolls have complicated an already difficult situation September 1, 2023
- Technical analysis on DISNEY stock price for September 1st, 2023. September 1, 2023
- EUR/USD: What to expect next? September 1, 2023
- Technical analysis on AMD stock price for September 1st, 2023. September 1, 2023
- Technical analysis on GBPUSD for September 1st, 2023. September 1, 2023
- Technical analysis on Gold for September 1st, 2023. September 1, 2023
- Weekly analysis on EURUSD for September 1st, 2023. September 1, 2023
- Weekly analysis on XRPUSD for September 1st, 2023. September 1, 2023
- Technical Analysis – Dollar index holds below key barrier after mixed NFP September 1, 2023
- Bitcoin celebrates a Pyrrhic victory September 1, 2023
- Trading Signal for EUR/USD for September 1-4, 2023: buy above 1.0830 and sell below 1.0917 (2/8 Murray – 200 EMA) September 1, 2023
- U.S. Dollar Index dynamics scenarios on September 1, 2023 September 1, 2023
Oil Prices Test $50
Morning Report: 06.30 London
• This morning, the dollar index is reversing, as pressure from oil prices push the Greenback lower. Oil prices tested $50 yesterday.
• The USD/JPY continues to dance to the dollar’s tune, dropping back this morning.
• The euro is performing well so far this morning after selling off yesterday despite better than expected German Ifo Business Climate. The pound is lagging the euro, helping the EUR/GBP to lift higher.
Coming up today:
• Coming up today we have UK second estimate GDP at 09.30, released alongside preliminary business investment data.
• Then at 11.10, FOMC member Bullard speaks.
• From 13.30, we get US core durable goods orders and unemployment claims.
• Pending home sales then follow at 15.00.
Trade Idea:
• The euro is on the rise this morning, but the general trend is still firmly negative. The renewed Greek bailout offers further uncertainty and this could put further pressure on the euro.
A good way to play this is a LOWER trade predicting that the EUR/USD closes below 1.1100 in 21 days for a potential return of 180%.
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.
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