Markets head to 2014 with whimper

Morning Report: 07.15 London

• As we head to 2014, markets appear to be easing back early. Stock markets are unchanged and holding gains for late January.

• Commodities are seeing the biggest movement, with silver down 0.46%, while gold is up 0.32%.
 

• The Australasian pairs are performing well, up 0.29%.
 

 • Elsewhere, the USD/JPY looks in danger of confirming yesterday’s reversal.
 

Coming up today:

• Today we have US S&P/CS US house price data from 14.00. Following this we have Chicago PMI at 14.45 and CB Consumer confidence at 15.00.

Trade Idea:

• The GBP/USD has continued its up trend and this strength could well continue into the new year.

A HIGHER trade predicting that the GBP/ USD closes higher than 1.6550 in 8 days time could return 116%.

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: