Morning Report: Gold makes early lift ahead of NFP

Morning Report: 08.15 London

• This morning, financial markets have a slight positive bias ahead of today’s Non Farm Payroll release. Stock markets are on the rise, while gold makes early gains.


• Elsewhere, the yen pairs are on the rise reversing three days of losses earlier this week.

• The euro is quiet this morning after making strong gains yesterday.

Coming up today:

• The big release today is of course US Non Farm Payrolls at 13.30, with the unemployment rate expected to drop to 7.2%.

• In addition, we also have Prelim UoM Consumer Sentiment at 14.55 while Canadian employment data is released alongside US NFP data.

Trade Idea:

• While the NFP release can often bring volatility, it can also see a lot of noise that results in markets going back to where they started.

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.

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