Markets slip back after positive Friday

Morning Report: 08.45 London

• Risk markets are mixed this morning as equities hold on to Friday’s gains, while the main risk-on FX pairs are on the back foot.

• The AUD/JPY is down 0.60%, with the AUD/USD off by 0.38%.

                                                                                                                                                      
                           

• The NZD/USD is reversing half of Friday’s gains, down 0.35%.

                                                                                                                                                      
                           

 • After a strong showing on Friday, the yen pairs are on the back foot, with the GBP/JPY notable for its losses so far.

• Commodities have a positive edge, with gold and silver helped by dollar index weakness.

                                                                                                                                                      
                                                                                                                                                                                                                                                                                                                                                       
                           

Coming up today:

• Coming up today we have Canadian housing starts at 13.15. Other than this it’s a very light economic calendar.

Trade Idea:

• Silver has been building some good momentum and this could see the metal break through recent resistance levels.

A ONE TOUCH trade predicting that Silver touches $20.75 within 3 days could return 199% if successful.