• This morning, financial markets are holding firm alongside the dollar index despite sabre rattling between Greece, the Troika and Germany over the treatment of debt.
• Despite these rumblings, the euro is out performing this morning, with the EUR/JPY and EUR/GBP up around 0.68%. The EUR/USD is rallying 0.48%.
• The USD/JPY is recovering from an opening slip in strong fashion and is now in the black for the day.
• Elsewhere, the USD/CAD extends its winning streak.
Coming up today: • Coming up today, we have UK manufacturing PMI at 09.30, with a slight increase to 52.9 expected.
• Following this we have US ISM manufacturing PMI at 15.00, with a small dip on the cards. Trade Idea:
• The EUR/JPY is displaying some impressive relative strength this morning as the euro rides rough shot over political disagreements.
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 Holds Despite Greek Rumblings
Morning Report: 8.30 London
• This morning, financial markets are holding firm alongside the dollar index despite sabre rattling between Greece, the Troika and Germany over the treatment of debt.
• Despite these rumblings, the euro is out performing this morning, with the EUR/JPY and EUR/GBP up around 0.68%. The EUR/USD is rallying 0.48%.
• The USD/JPY is recovering from an opening slip in strong fashion and is now in the black for the day.
• Elsewhere, the USD/CAD extends its winning streak.
Coming up today:
• Coming up today, we have UK manufacturing PMI at 09.30, with a slight increase to 52.9 expected.
• Following this we have US ISM manufacturing PMI at 15.00, with a small dip on the cards.
Trade Idea:
• The EUR/JPY is displaying some impressive relative strength this morning as the euro rides rough shot over political disagreements.
A good way to play this is a HIGHER trade predicting that the EUR/JPY closes above 134.00 in 4 days time for a potential return of 117%.
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:
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