• While the majority of headlines lead with the Greek delayed payment, financial markets are telling their own story. Rather than collapsing, the Euro is holding firm and even making gains this morning – A sign that traders are reading between the lines and looking for a positive conclusion to the latest impasse.
• The EUR/USD is up 0.33%, with the EUR/JPY rallying 0.55%.
• The Euro is outpacing the pound in particular after poor housing data yesterday. The EUR/GBP up 0.61%, with the GBP/USD dropping 0.27%.
• The Yen pairs are on the rise, helped by the Dollar index holding steady. The USD/JPY is up 0.26%.
Coming up today:
• The days main ticket is the US Non Farm Payrolls data coming out at 13.30. At the same time we get unemployment data and the corresponding Canadian figures. markets are expecting a gain of 222k.
• As from this we have the OPEC meeting running all day, with FOMC member Dudley speaking at 17.30.
Trade Idea:
• The trend is still with the USD/JPY and while the NFP data is a big wild card, it often pays to stick with the overall marketing flow.
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 Defies The Headlines
Morning Report: 08.30 London
• While the majority of headlines lead with the Greek delayed payment, financial markets are telling their own story. Rather than collapsing, the Euro is holding firm and even making gains this morning – A sign that traders are reading between the lines and looking for a positive conclusion to the latest impasse.
• The EUR/USD is up 0.33%, with the EUR/JPY rallying 0.55%.
• The Euro is outpacing the pound in particular after poor housing data yesterday. The EUR/GBP up 0.61%, with the GBP/USD dropping 0.27%.
• The Yen pairs are on the rise, helped by the Dollar index holding steady. The USD/JPY is up 0.26%.
Coming up today:
• The days main ticket is the US Non Farm Payrolls data coming out at 13.30. At the same time we get unemployment data and the corresponding Canadian figures. markets are expecting a gain of 222k.
• As from this we have the OPEC meeting running all day, with FOMC member Dudley speaking at 17.30.
Trade Idea:
• The trend is still with the USD/JPY and while the NFP data is a big wild card, it often pays to stick with the overall marketing flow.
A good way to play this is a HIGHER trade predicting that the USD/ JPY will close above 125.00 in 14 days time for a potential return of 114%.
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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