Euro Slips Lower

Morning Report: 06.15 London

• This morning, markets have a slight negative bias this morning as US markets close for Thanksgiving. The US Dollar is unchanged, but maintaining its position at the highs, while the Euro continues to slip lower.
                       

• The Australian Dollar is on the back foot, with the AUD/JPY pulling back from the highs. By contrast, the NZD/USD is out performing so far.

• Meanwhile, the USD/JPY is resuming its down trend (slightly).
                        

Coming up today:

• Coming up today we have European M3 money supply data at 09.00.

• German GfK consumer climate is released at midday.

Trade Idea:

• The EUR/JPY continues to weaken as the Yen strengthens and the Euro slips lower.
                      

There could be further downside ahead and a good way to play this could be a LOWER trade predicting that the EUR/JPY will close below 129.00 in 20 days time for a potential return of 184%.

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