Morning Report: 08.30 London
- This morning the Greek roller coaster is on an upwards trajectory after Athens passed the latest austerity package. The EUR/ USD is 0.50% higher with the EUR/ JPY up 0.56%.
- The biggest mover has been the NZD/ USD which has rallied 1.23%, with the AUD/ USD not far behind at 0.81%. The Aussie and Kiwi are also being lifted by better than expected Australian home loan data.
- The other main commodity currency, the Canadian dollar, is also having a good morning with the USD/ CAD back below parity, down 0.34%.
- Gold is also benefiting from the early dollar weakness, rallying 0.52% so far this morning.
Coming up today:
- There is not much at all on the economic news front, but the Greek deal analysis should provide some fodder for analysts throughout the day.
Bet Idea:
- The USD/ CAD has dropped below parity once again, continuing the pair’s trend of not pushing through key support/ resistance levels at the first time of asking. The medium term outlook is still unclear, but we have a chance of a further pull back from the 1.0000 for the next couple of days.
- A LOWER trade predicting that the USD/ CAD closes below 0.9950 in 1 day could return 143%. You can find direct links to this trade idea here and here.
Summary:
