BetOnMarkets Daily Market Report (23rd May)
May 23, 2013 8:49 amVideo
Latest News
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
- USD/JPY: trading tips for beginners for European session on April 26 April 26, 2024
- GBP/USD: trading tips for beginners for European session on April 26 April 26, 2024
- EUR/USD: trading tips for beginners for European session on April 26 April 26, 2024
Aussie plunges as China factory output hits seven month low
Morning Report: 08.00 London
• This morning world markets have continued selling off from the highs following news that Chinese flash manufacturing PMI came in below estimates to 49.6. The FTSE 100 futures gapped lower on the news, though is now recovering from the initial lows on better than expected European manufacturing data.
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• The Australian dollar is the biggest casualty with its close commodity links to China. The AUD/JPY is off by 1.88%, with the AUD/USD down by 0.62%.
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• The yen pairs are generally weak as the USD/JPY shifts to the downside by 1.27%.
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• The euro is performing relatively well though after French and then German Manufacturing PMI came in above initial estimates.
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Coming up today:
• Coming up today we have Europe wide flash manufacturing PMI at 09.00, with UK second estimate GDP at 09.30.
• From 13.30, we have US unemployment claims, with flash manufacturing PMI at 14.00. New home sales follow at 15.00.
• The evening finishes with ECB president Draghi speaking at 20.30.
Bet Idea:
• When the AUD/JPY picks up a tail wind, it can move very quickly, which could mean further
short term downside for the pair.
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A good way to play this could be a ONE TOUCH trade predicting that the AUD/JPY will touch the April lows at 97.00 before the close on Friday. This could return 181% 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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