• Confusion reigns in Greece over whether Tsipras has capitulated to creditor demands and whether the weekend’s referendum will go ahead or not. There were conflicting signals yesterday, but markets seem a little more steady this morning, with the euro trading higher across the board.
• It was a good day for the dollar and stock markets on Wednesday as US ADP payrolls came in above expectations.
• The pound is still struggling after yesterday’s sell-off mainly due to the strength of the dollar, but below par manufacturing data will not have helped.
Coming up today:
• Coming up today we have UK construction PMI at 09.30.
• We also get the release of the latest ECB monetary policy meeting accounts at 12.30.
• The day’s main highlight is the non farm and unemployment data at 13.30, brought forward a day due to the bank holiday tomorrow.
Trade Idea:
It’s a steady drip for the NZD/USD and it could pay (as it has done) to keep riding this trend lower.
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 Higher Despite Greek Confusion
Morning Report: 07.30 London
• Confusion reigns in Greece over whether Tsipras has capitulated to creditor demands and whether the weekend’s referendum will go ahead or not. There were conflicting signals yesterday, but markets seem a little more steady this morning, with the euro trading higher across the board.
• It was a good day for the dollar and stock markets on Wednesday as US ADP payrolls came in above expectations.
• The pound is still struggling after yesterday’s sell-off mainly due to the strength of the dollar, but below par manufacturing data will not have helped.
Coming up today:
• Coming up today we have UK construction PMI at 09.30.
• We also get the release of the latest ECB monetary policy meeting accounts at 12.30.
• The day’s main highlight is the non farm and unemployment data at 13.30, brought forward a day due to the bank holiday tomorrow.
Trade Idea:
It’s a steady drip for the NZD/USD and it could pay (as it has done) to keep riding this trend lower.
A good way to play this is a LOWER trade predicting that the NZD/USD will close below 0.6600 in 7 days time for a potential return of 235%.
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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