BetOnMarkets Daily Market Report (6th March)
March 6, 2013 9:22 amVideo
Latest News
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
- Video market update for April 18, 2024 April 18, 2024
- Technical Analysis – WTI oil futures exit sideways move to the downside April 18, 2024
- Market Comment – US dollar on the back foot as nervousness lingers in equity markets April 18, 2024
- Hot forecast for EUR/USD on April 18, 2024 April 18, 2024
- EUR/USD and GBP/USD: Technical analysis on April 18 April 18, 2024
- Trading plan for GBP/USD on April 18. Simple tips for beginners April 18, 2024
- Trading plan for EUR/USD on April 18. Simple tips for beginners April 18, 2024
- The Fed and global instability: a double blow to American markets April 18, 2024
- Forecast for EUR/USD on April 18, 2024 April 18, 2024
- Forecast for GBP/USD on April 18, 2024 April 18, 2024
- Forecast for AUD/USD on April 18, 2024 April 18, 2024
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
Morning Report: 08.30 London• After record highs for the Dow Jones last night, there’s an air of caution for financial markets this morning ahead of this afternoon’s US ADP payrolls. The morning’s data has so far been reassuring, with Australian GDP coming in at 0.6% and UK house price data coming in ahead of initial estimates.
• The Australian dollar is higher again this morning, though pulling back from the highs, with the NZD/USD experiencing a more severe morning pullback.
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Coming up today:
• Coming up today we have BOE governor King speaking at 09.45.
• US ADP non farm employment change dominates the day’s proceedings at 13.15.
• From 15.00 we switch to Canada with the latest rate statement and Ivey PMI.
Bet Idea:
• The EUR/JPY has been unusually quiet this week. The last time the three day average true range reached this low was back in November. This impasse didn’t last long, with markets reaching fresh weekly highs then w
eekly lows within days.
• With the euro constrained by Italian politics, it the first break from this range could be to the down side, making a ONE TOUCH trade the best play here.
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A good way to play this could be a ONE TOUCH trade predicting that the EUR/JPY touches 120.25 in 2 days could return 136% if successful.
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This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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