Gold gains in pre Christmas lull

Morning Report: 08.15 London

• Markets have entered a pre-Christmas impasse with gold the only real mover of note so far.

• The yen pairs have a slight negative bias as the US dollar index continues its down trend.

• The pound is showing some strength this morning after Doveish comments from Mark Carney yesterday.

Coming up today:

• Coming up today we have UK manufacturing production at 09.30, with the latest trade balance figures released at the same time.

• NIESR GDP estimate follows at 15.00.ECB president Draghi speaks at 12.00.

Trade Idea:

• The AUD/JPY has been caught in an ugly range of late and there’s a chance this could continue into the new year.

A good way to play this could be a LOWER trade predicting that the AUD/ JPY will swing back into its range and close below 93.50 in 8 days time could return 127%.

This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.

Summary:

PLACE A TRADE NOW

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