• After a soft end to 2014, stock markets are set to recover their poise and launch 2015 on the front foot. The S&P 500 futures are pointing to a positive session on the day, albeit from the disadvantage of a gap lower.
• With this renewed market strength comes a re-focus on the US dollar. The dollar pairs are generally lower, while the yen pairs nudge higher. A principle factor here is the ongoing weakness in the euro which is weighed down by Greek election uncertainty.
• Elsewhere , the AUD/USD and NZD/USD have also slipped lower.
• The main yen pairs are following the USD/JPY attempting to get the rally back on track.
Coming up today: • Coming up today we have a raft of European data points including Spanish unemployment change at 08.00, Spanish manufacturing at 08.15 and Italian manufacturing at 08.45.
• UK manufacturing PMI follows at 09.30, with net lending to individuals released at the same time.
• US ISM manufacturing PMI is the main ticket at 15.00.
Trade Idea: • The euro’s worries have returned and the strength of the trend is adding further downside pressure.
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.
Markets Start 2015 On Front Foot
Morning Report: 9.00 London
• After a soft end to 2014, stock markets are set to recover their poise and launch 2015 on the front foot. The S&P 500 futures are pointing to a positive session on the day, albeit from the disadvantage of a gap lower.
• With this renewed market strength comes a re-focus on the US dollar. The dollar pairs are generally lower, while the yen pairs nudge higher. A principle factor here is the ongoing weakness in the euro which is weighed down by Greek election uncertainty.
• Elsewhere , the AUD/USD and NZD/USD have also slipped lower.
• The main yen pairs are following the USD/JPY attempting to get the rally back on track.
Coming up today:
• Coming up today we have a raft of European data points including Spanish unemployment change at 08.00, Spanish manufacturing at 08.15 and Italian manufacturing at 08.45.
• UK manufacturing PMI follows at 09.30, with net lending to individuals released at the same time.
• US ISM manufacturing PMI is the main ticket at 15.00.
Trade Idea:
• The euro’s worries have returned and the strength of the trend is adding further downside pressure.
A good way to play this is a LOWER trade predicting that the EUR/USD will close below 1.2000 in 7 days time for a potential return of 193%
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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