Currency markets generally look set to remain rather choppy ahead of the upcoming central bank meetings although Sterling looks heavy and the Kiwi appears set for further gains, so trading that cross from the short side may be a plan.
Stocks look positive still, while WTI may be about to have a retest of the recent trend highs, beyond which a run back to 60.00 would be on the cards.
*Trade of the day: 12/12/2017 7:57 AM (AET)……
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
Buy US$Jpy @ 113.05. SL @ 112.85, TP @ 114.20
Buy US$Chf @ 0.9885. SL @ 0.9830, TP @ 0.9980
Sell AudUsd @ 0.7565. SL @ 0.7585, TP @ 0.7475
Range Trade: Monday: EurUsd 1.1740/1.1820
Sell Silver @ 16.05. SL @ 16.35, TP @ 15.40
Sell Gold @ 1250. SL @ 1270, TP @ 1230
Buy WTI @ 57.25. SL @ 56.25, TP @ 59.00