BetOnMarkets Daily Market Report (16th April)
April 16, 2013 8:03 amVideo
Latest News
- 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
- Nvidia set to propel Wall Street to new highs but Fed uncertainty weighs – Stock Markets May 23, 2024
- Trading Signals for EUR/USD for May 23-25, 2024: buy above 1.0834 (200 EMA – rebound) May 23, 2024
- Trading Signals for SILVER (XAG/USD) for May 23-25, 2024: buy above 30.00 (200 EMA – rebound) May 23, 2024
- Forex forecast 05/23/2024: EUR/USD, GBP/USD, USDX, Oil and Bitcoin from Sebastian Seliga May 23, 2024
- Video market update for May 23, 2024 May 23, 2024
- USD/JPY: Simple trading tips for novice traders on May 23rd. Analysis of yesterday’s forex transactions May 23, 2024
Gold rallies from worst sell off in 30 years
Morning Report: 08.30 London
• Last night fears surrounding the Boston marathon bombing and enforced selling of gold sent markets into a tailspin. The precious metal experienced its worst sell off in 30 years, but is rallying this morning as bargain hunters step in.
• Gold is leading the morning rally, up 1.78%.
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• Commodity and risk related currencies are also rallying hard after coming in for the worst of the selling pressure yesterday. The yen pairs especially are on the rise.
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Coming up today:
• This morning, we have UK CPI figures, with RPI released at the same time. No signi
ficant change is expected.
• Of greater importance is German and European ZEW economic sentiment, out at 10.00. Draghi speaks at 14.00.
• From 13.30, we switch to North America, with Canadian manufacturing sales followed by US building permits and Core CPI.
Bet Idea:
• The USD/CAD has been drifting lower since the start of March, so yesterday’s surge higher rubs firmly against the recent trend.
• The pull back against yesterday’s rally is already setting in
, but there could be more room for downside here.
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• A LOWER Trade on the USD/CAD predicting that it will close below 1.0200 in 5 days time could return 148%.
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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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