• This morning the euro’s rally has stalled, with the EUR/USD dipping 0.31% this morning and the EUR/GBP slipping back by a similar magnitude. It’s more an absence of good news than anything negatively concrete behind today’s flows. Murmurs persist of the ability of the new Greek government to fulfil its anti austerity promises and there is much sabre rattling over a possible ‘Grexit’, but much of this was in the air before the elections.
• The big mover this morning is the Australian dollar, with the AUD/JPY up 0.79% and the AUD/USD up 0.69%. The Aussie is climbing after bigger than expected mean CPI figures.
• Elsewhere, the dollar index is stable after two days of selling, while the S&P 500 climbed off the lows rapidly last night on the news of Apples record breaking profits.
Coming up today: • Today’s main ticket is the FOMC statement at 19.00, though no change is expected.
• Following this we have the latest RBNZ rate statement at 20.00, followed by trade balance at 21.45. Trade Idea:
• As the euro rally pauses today, it come be a good time to re-load on short positions. While the British GDP undershot yesterday, there’s still plenty of hurdles for the Eurozone to overcome in coming months.
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.
Euro Rally Falters
Morning Report: 8.30 London
• This morning the euro’s rally has stalled, with the EUR/USD dipping 0.31% this morning and the EUR/GBP slipping back by a similar magnitude. It’s more an absence of good news than anything negatively concrete behind today’s flows. Murmurs persist of the ability of the new Greek government to fulfil its anti austerity promises and there is much sabre rattling over a possible ‘Grexit’, but much of this was in the air before the elections.
• The big mover this morning is the Australian dollar, with the AUD/JPY up 0.79% and the AUD/USD up 0.69%. The Aussie is climbing after bigger than expected mean CPI figures.
• Elsewhere, the dollar index is stable after two days of selling, while the S&P 500 climbed off the lows rapidly last night on the news of Apples record breaking profits.
Coming up today:
• Today’s main ticket is the FOMC statement at 19.00, though no change is expected.
• Following this we have the latest RBNZ rate statement at 20.00, followed by trade balance at 21.45.
Trade Idea:
• As the euro rally pauses today, it come be a good time to re-load on short positions. While the British GDP undershot yesterday, there’s still plenty of hurdles for the Eurozone to overcome in coming months.
A good way to play this is a LOWER trade predicting that the EUR/GBP will close below 0.7400 in 62 days time could return 157% if successful.
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.
Summary:
Email [email protected] or skype me at bomaffiliates-karen
Related Posts: