• This morning, markets are flat as a pancake as traders await today’s ADP non farm employment change. The S&P 500 has nipped back slightly, while the dollar index is unmoved.
• Gold is rallying, but the trend still remains flat to lower with the support line about to be tested.
• The NZD/USD is on the rise, following up on yesterday’s rally. The AUD/USD is flat however after disappointing GDP figures this morning.
• The yen pairs are also flat, with the EUR/JPY still points to resume its down trend.
Coming up today: • Coming up today we have UK services PMI at 09.30, followed by European retail sales at 10.00.
• The main ticket is ADP non farm employment change at 13.15 with a gain of +219k expected.
• This is followed by US ISM non-manufacturing at 15.00 and the Canadian rate statement released at the same time.
Trade Idea:
• The EUR/JPY looks vulnerable as the next round of Greek negotiations approaches.
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 Flat After India Rate Cut
Morning Report: 06.30 London
• This morning, markets are flat as a pancake as traders await today’s ADP non farm employment change. The S&P 500 has nipped back slightly, while the dollar index is unmoved.
• Gold is rallying, but the trend still remains flat to lower with the support line about to be tested.
• The NZD/USD is on the rise, following up on yesterday’s rally. The AUD/USD is flat however after disappointing GDP figures this morning.
• The yen pairs are also flat, with the EUR/JPY still points to resume its down trend.
Coming up today:
• Coming up today we have UK services PMI at 09.30, followed by European retail sales at 10.00.
• The main ticket is ADP non farm employment change at 13.15 with a gain of +219k expected.
• This is followed by US ISM non-manufacturing at 15.00 and the Canadian rate statement released at the same time.
Trade Idea:
• The EUR/JPY looks vulnerable as the next round of Greek negotiations approaches.
A good way to play this is a LOWER trade predicting that the EUR/JPY will close below 133.25 in 21 days time time for a potential return of 140%.
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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