The US$ seems to be picking up speed to head higher on all fronts, with the exception of Cable, and staying long into the NFP would seem to be the way forward. Sterling has a mind of its own and will be entirely dependent on Brexit headlines, but again, I prefer to be long – preferably against the Euro and the Aud.
The metals look increasingly heavy and it would seem there are plenty of investors looking to sell in order to join the Bitcoin buying frenzy.
*Trade of the day: 12/8/2017 9:07 AM (AET)……
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
No trade ideas today…but I want to be long US$, long Gbp crosses and short the metals heading into the NFP reading.