Morning Report: 07.00 London
This morning, the US dollar is firmly in control on expectations for further rate hikes and confidence following the passing of tax legislation.
This in turn is putting pressure on dollar pairs, notably the AUD/USD which is off by 0.33%. The AUD/JPY is also extending yesterday’s losses. This comes on the back of poor trade balance data.
The NZD/ USD is also weak, with the NZD/USD one of the worse performers this morning.
Coming up today
Coming up today, we have UK Halifax HPI at 08.30.
At 13.30, we get US unemployment claims and Canadian building permits.
Canadian Ivey PMI follows at 15.00.
ECB President Draghi speaks at 16.00.
Final Japanese GDP is at 23.50.
Either way, there could be further downside for silver from here.