Markets Bypass China/Ukraine Concerns

Morning Report: 08:30 London

• This morning financial markets have a positive edge despite the US and Europe increasing sanctions on Russia and Chinese provinces showing signs of slowing.
         

• Commodities are the big movers, with both gold and silver slipping back again. The two precious metals have been trendless ever since the Ukraine crisis broke.
                                                                                                                                                                                               

• Meanwhile the British pound is showing increasing signs of stability ahead of today’s GDP figures which are expected to come in at +0.9%.

                             

• The yen pairs are generally on the rise as risk appetite returns.
                             
                             

                             

Coming up today:

• Coming up today we have US S&P/CS Composite HPI at 14.00, followed by US CB consumer confidence at 15.00.

Trade Idea:

• After a rejection of the 1.1000 area, the USD/CAD is starting to slip back lower.

                             

A good way to play this could be a LOWER trade predicting that the USD/CAD closes BELOW 1.0950 in 3 days time for a potential return of 200%.

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

Summary: