Markets keep highs in sight as Kiwi gains

Morning Report: 08.30 London

• This morning, markets are on the rise again as the S&P 500 keeps recent highs in its sights. The NZD/USD performing especially well so far, with the pair up 0.36%.

• The dollar pairs are generally strong, with the euro out performing the pound once again so far this morning. The EUR/USD is up 0.14%, with the EUR/GBP up 0.12%.

Coming up today:

• Coming up today we have the UK inflation report hearings at 10.00.

• From 13.30, we have US building permits, followed by S&P/CS Composite HPI. CB consumer confidence follows at 15.00.

Trade Idea:

• The EUR/GBP is on the rise again this morning, but this could be a reversal signal. In recent weeks, the pair has rarely risen for three straight sessions, without some sort of pull back setting in.

• A good way to play this could be a LOWER trade predicting that the EUR/GBP will close below 0.83500 in 1 days time for a potential return of 218%.

This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.

Summary:

PLACE A TRADE NOW

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