Dollar pairs fall back as New Year beckons

Morning Report: 07.15 London

• This morning, the dollar pairs are falling back as traders pull back on the risk throttle. The AUD/USD is the biggest faller, down 0.20%. 

• Commodities are also feeling the pinch with Silver and Gold giving up most of last week’s gains.
 

 • The yen pairs are telling a different story however, with the USD/JPY pushing up by around 0.2%.
 

Coming up today:

• From 09.30, we have UK housing equity withdrawals.

• Pending US home sales follow at 15.00.

Trade Idea:

• The USD/JPY up trend shows little sign of abating, making HIGHER trades attractive here.

A HIGHER trade predicting that the USD/ JPY will close above 105.75 in 8 days time for a potential return of 127%.

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: