BetOnMarkets Daily Market Report (12th April)
April 12, 2013 9:15 amVideo
Latest News
- Market Comment – Sentiment sours after strong US PMIs; stocks slip, dollar climbs May 24, 2024
- Technical Analysis – AUDUSD outlook turns neutral again May 24, 2024
- EUR/USD and GBP/USD: Technical analysis on May 24 May 24, 2024
- Trading plan for GBP/USD on May 24. Simple tips for beginners May 24, 2024
- Technical Analysis – WTI crude oil opens the way for bearish actions May 24, 2024
- Could developments in Iran and Saudi Arabia turn the tide for oil? – Special Report May 24, 2024
- Forecast for EUR/USD on May 24, 2024 May 24, 2024
- Forecast for GBP/USD on May 24, 2024 May 24, 2024
- Forecast for AUD/USD on May 24, 2024 May 24, 2024
- The yen may have already executed a long-term reversal. Overview of USD/JPY May 24, 2024
- Analysis of EUR/USD pair on May 23rd. Buyers make a second attempt to test the 1.0880 level May 23, 2024
- Analysis of GBP/USD pair on May 23rd. American reports saved the dollar May 23, 2024
- Forecast of EUR/USD pair on May 23, 2024 May 23, 2024
- Forecast of GBP/USD pair on May 23, 2024 May 23, 2024
- USD/JPY: Simple trading tips for novice traders on May 23rd (US session) May 23, 2024
- GBP/USD: Simple trading tips for novice traders on May 23rd (US session) May 23, 2024
- EUR/USD: Simple trading tips for novice traders on May 23rd (US session) May 23, 2024
- GBP/USD: trading plan for the US session on May 23rd (analysis of morning deals). Buyers hit resistance at 1.2760 May 23, 2024
- EUR/USD: trading plan for the US session on May 23rd (analysis of morning deals). The euro rebounded from the 1.0819 level May 23, 2024
- Technical analysis – US 500 index slips after all-time high but holds within bullish area May 23, 2024
Yen pushes back after strong industrial activity
Morning Report: 08.30 London
• This morning, the yen pairs a selling off as the yen rises in response to better than expected industrial activity and comments from BoK governor Kuroda. The EUR/JPY is the biggest seller, off by 0.75%.
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• Overall, the euro is looking weak this morning with an informal meeting of European economic finance ministers in Ireland today and talk of Portugal’s repayment schedules having to be amended.
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Click here to view full-sized image
Coming up today:
• The main item of note this morning is European industrial production, due at 10.00
.
• From midday we have a busy economic calendar from the US, with retail sales & PPI at 13.30, followed by UoM consumer sentiment at 14:55. Fed chairman Bernanke speaks at 17.30.
• We also have the Eurogroup meetings and ECOFIN meetings.
Bet Idea:
• The recent US stock market rally is looking over stretched both in its length of time and magnitude. Yet, underlying breadth readings are still looking strong, with no obvious signs of over speculation. This could change as we head in to May, but there could still be some upside over the next 10
days.
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• A good way to play this could be on the NZD/USD which itself has been on quite a run, but with potentially more room to push higher.
• A HIGHER trade predicting that the NZD/USD will close above 0.8650 in 10 days time could return 145% if successfu
l.
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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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