Best Financial Markets Analysis Article The weekend's pledge from Germany's Merkel and France's Sarkozy has been taken as a sign that the Eurozone finally has the will and the unity to get to tackle the crisis. There is increasing belief in the optimistic view that Greek default will be contained by full support of European banks. This comes as French and Belgian authorities guarantee 90bn euros of Dexia debt.

The euro is leading markets higher with the EUR/USD up 0.75% and the EUR/GBP up 0.55%.

Commodity currencies are also enjoying a rebound with the AUD/USD up 0.64%, the NZD/USD up 0.50% and the USD/CAD down 0.55%. Gold is up around 1.00%.

Stock market futures are rallying after suffering a post payrolls sell off which saw the main US markets close down around 0.75%.

We've a light economic data day today with the US and Canada observing public holidays.With the light economic data calendar, today could be a good day to step aside, but if you were looking for a trade, the USD/JPY might offer an opportunity with its range bound characteristics. A IN/OUT trade at Betonmarkets predicting that the USD/JPY closes tomorrow inside of 76.50 and 76.80 could return 139% if successful.

Dave Evans
Email: editor@my.regentmarkets.com
Url: www.BetOnMarkets.com

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Disclaimer: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Do your own due diligence.

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