Silver Hits Winning Streak

Morning Report: 08.30 London

• Markets have  a slight negative bias this morning, though are generally holding recent gains thanks to in line Chinese inflation figures.
 

• Commodities are doing very well this morning thanks to an off colour US dollar. Silver has reached its highest level since November, while gold continues to build momentum.
 

• The commodity related currencies are enjoying a similar bullish sentiment this morning, with the AUD/ USD up 0.39%.
 

• The yen pairs are on the back foot thanks to ongoing dollar weakness.
 

Coming up today:

• Coming up this morning we have European Flash GDP at 10.00.

• Later we have US import prices, alongside Canadian manufacturing sales at 13.30. 

• From 14.15 we have US Capacity utilisation and industrial production.

• At 14.55, we have the days big ticket – Prelim UoM consumer sentiment. 

Trade Idea:

• Silver’s momentum is hard to ignore and a HIGHER trade looks appealing here.

A HIGHER trade predicting that Silver will close above $21.25 in 14 days time could return 159%.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: