Binary.com Daily Market Report (7th July)
July 7, 2014 9:08 amVideo
Latest News
- Video market update for April 18, 2024 April 18, 2024
- Technical Analysis – WTI oil futures exit sideways move to the downside April 18, 2024
- Market Comment – US dollar on the back foot as nervousness lingers in equity markets April 18, 2024
- Hot forecast for EUR/USD on April 18, 2024 April 18, 2024
- EUR/USD and GBP/USD: Technical analysis on April 18 April 18, 2024
- Trading plan for GBP/USD on April 18. Simple tips for beginners April 18, 2024
- Trading plan for EUR/USD on April 18. Simple tips for beginners April 18, 2024
- The Fed and global instability: a double blow to American markets April 18, 2024
- Forecast for EUR/USD on April 18, 2024 April 18, 2024
- Forecast for GBP/USD on April 18, 2024 April 18, 2024
- Forecast for AUD/USD on April 18, 2024 April 18, 2024
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
- Outlook for EUR/USD on April 18. Euro has fallen into a new flat April 18, 2024
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
- Powell made a bold point, and Bailey did not report anything important April 18, 2024
- Will the euro take a risk? April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
Markets Hit Summer Slumber
Morning Report: 08.45 London
• Markets are dozing in the summer heat this morning as volatility and volumes drop off. There is a slight negative bias as markets drift, but this could easily be erased as news items come in through the day.
• The S&P 500 is unchanged at the highs, with the 2000 level still an appealing target overhead.
• The dollar index is holding its recent rally, a move which is putting pressure on the dollar pairs such as the EUR/USD and GBP/USD.
• Elsewhere, silver and gold continue to struggle after becoming rangebound for the last two weeks.
Coming up today:
• Coming up today we have Canadian building permits at 13.30, followed by Ivey PMI at 15.00.
Trade Idea:
• While Thursday’s ECB meeting underlined the different interest rate trajectories of Europe and the the US, we cannot forget the dichotomy of the BOE and ECB.
With the EUR/GBP hitting its lowest levels since August 2012, the pair is starting to break down the trading floor that has held for the best part of a decade. Prior to 2007, a 0.5600 to 0.7500 trading range was the norm as the Euro area struggled initially. The fundamental problems with the eurozone will continue to pressure the single currency and this could mean a new normal trading range for the pair.
A good way to play this is a LOWER trade predicting that the EUR/GBP will close below 0.7900 in 35 days time. This could return 153% if successful.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
Email [email protected] or skype me at bomaffiliates-karen
Related Posts: