Commodities rise ahead of Payrolls.

Morning Report: 08.15 London

• Markets are generally subdued this morning ahead of US Non Farm Payrolls at 13.30. The dollar index is on the back foot, helping dollar pairs to rise and commodities to find some buyers.

 • Silver is up 0.92%, with gold up 0.52%.

• The yen pairs are also on the up despite poor Chinese trade balance data.

Coming up today:

• We start the day with UK manufacturing production, with an increase of 0.4% expected.

• Today’s main ticket is of course US Non Farm Employment Change due at 13.30, with an increase of 196K on the cards. The unemployment rate is expected to remain steady at 7%.

• Canadian employment change is released at the same time.

Trade Idea:

• Silver has been rangebound in recent weeks and after a dive to the lower boundary, the metal looks to be heading back higher.

A good way to play this could be A ONE TOUCH trade predicting that Silver will touch $20.50 by Monday’s close for a potential return of 175%.

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: