Will Carney Bring Uncertainty Or Clarity?

Morning Report: 08.45 London

• Markets are generally neutral this morning, with the British pound the currency seeing the most early speculation. Carney surprised many people earlier this week by appearing to backtrack on earlier rate hike rhetoric. Today he has the chance to redress the balance, with a speech at 10.30 alongside the release of the latest financial stability report. The pound pairs are down slightly.
 

• Elsewhere, precious metals are off the boil again.


• The NZD/USD is the best performing pair, up 0.40%.


                               
                             
Coming up today:

• Aside from the aforementioned Bank of England data, we have US unemployment claims at 13.30, released alongside personal spending.

Trade Idea:

• Gold hasn’t quite hit reverse gear after its monster rally last week, but it has worked off some of its overbought status. The ongoing conflict in Iraq is likely to keep a floor under gold, so there could be more upside from here.

                               

A HIGHER trade predicting that gold will close above $1325 in 7 days could return 249% if successful.

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

Summary: