• This morning, gold is pushing higher after days of consistent selling – largely helped by the US dollar index struggling to push through resistance.
• Away from this move, markets a generally very quiet as traders wait to hear from Chinese officials on their market reforms. The Aussie is showing some weakness though after the wage price index rose less than expected.
Coming up today:
• Coming up today we have UK claimant count change data and unemployment rate at 09.30. BOE governor Carney speaks at 10.30 alongside the latest inflation report.
•European industrial production follows at 10.00.
•From 19.00 we have the latest Federal Budget Balance.
Trade Idea:
• Gold is on the rise this morning, but is still short term over sold meaning a HIGHER trade could be of interest here.
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.
Gold climbs as dollar stalls
Morning Report: 08.45 London
• This morning, gold is pushing higher after days of consistent selling – largely helped by the US dollar index struggling to push through resistance.
• Away from this move, markets a generally very quiet as traders wait to hear from Chinese officials on their market reforms. The Aussie is showing some weakness though after the wage price index rose less than expected.
Coming up today:
• Coming up today we have UK claimant count change data and unemployment rate at 09.30. BOE governor Carney speaks at 10.30 alongside the latest inflation report.
• European industrial production follows at 10.00.
• From 19.00 we have the latest Federal Budget Balance.
Trade Idea:
• Gold is on the rise this morning, but is still short term over sold meaning a HIGHER trade could be of interest here.
• A higher trade predicting that gold will close above $1300 in 5 days time could return 327%.
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:
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