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Money Flow before the start of European trading this morning

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Forex movements remain limited to a minimum, with the holiday mood prevailing. The situation will continue to be so in the next few days, especially tomorrow, when all the major forex centers in Asia remain closed for Christmas except Japan.

Gold managed to add a few dollars in profit, backed by North Korea's promise of a Christmas gift to the US, which is likely to be a new missile test.

The dollar index, which measures the strength of green money against a currency basket, traded at 97,678 after touching 97.8 yesterday.

The Japanese yen is around 109.38, registering a slight correction after strong levels of 109.5 yesterday. The Australian remains unchanged in times of low liquidity.

I expect movements to remain limited today as financial instruments will be less subject to technical analysis of the low charts, mainly driven by the chaotic noise of illicit trade.


 Trader Aleksandar Kumanov

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