Yen Leads Slow Monday Trading

Morning Report: 08:30 London

• As we enter the final trading day of the quarter, markets are subdued though the S&P 500 futures are pointing to a positive start to the day. Asian markets put in a good performance despite Japanese industrial production coming in below expectations.                 
         

• The yen pairs are generally pushing higher though, with the USD/JPY building on Friday’s rally.

                                                       
                             
                                                                                                  
                                                                                                      
• The Aussie is backing off after early market data failed to excite.

                                                     
                                                      
• Commodities are mixed with silver continuing to show signs of recovery.

                                

                                                             

Coming up today:
• Coming up today, we have UK net lending to individuals at 09.30.
• This is followed at 10.00 with European CPI flash estimates.
• Canadian GDP follows at 13.30, with US Chicago PMI at 14.45.
• US Fed chair Yellen speaks at 14.55, followed by BOE governor Carney speaking at 18.15.

Trade Idea:
• The AUD/JPY has paused this morning, but probably has enough momentum to push higher once again.

                                     

A HIGHER trade predicting that the AUD/JPY closes above 95.25 in 1 days time could return 114%.

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

Summary: