• In this small window between Christmas and New Year, markets are showing some movement. While stock markets are unchanged, the dollar index is falling heavily.
• The dollar pairs are capitalising, with commodities are seeing the biggest movements. Silver continues to recover well, while Gold pushes up 0.28%.
• The euro is relatively strong this morning, with the EUR/USD up 0.56%, with the EUR/JPY up 0.48%.
• The pound is also performing well, with the GBP/USD up 0.35%.
Coming up today:
• US crude oil reserves are the only data point of note at 16.00.
Trade Idea:
• The EUR/JPY is pushing higher and could well keep the pace up until the new year.
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.
Stocks stall while dollar sinks
Morning Report: 07.15 London
• In this small window between Christmas and New Year, markets are showing some movement. While stock markets are unchanged, the dollar index is falling heavily.
• The dollar pairs are capitalising, with commodities are seeing the biggest movements. Silver continues to recover well, while Gold pushes up 0.28%.
• The euro is relatively strong this morning, with the EUR/USD up 0.56%, with the EUR/JPY up 0.48%.
• The pound is also performing well, with the GBP/USD up 0.35%.
Coming up today:
• US crude oil reserves are the only data point of note at 16.00.
Trade Idea:
• The EUR/JPY is pushing higher and could well keep the pace up until the new year.
A HIGHER TRADE predicting that the EUR/JPY will close above 144.50 on New Year’s eve could return 120%.
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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