BetOnMarkets Daily Market Report (31st May)
May 31, 2013 8:09 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
Yen poised for breakout
Morning Report: 08.30 London
• This morning, the Japanese are showing early momentum after Japanese core CPI came in above estimates. The main mover is the AUD/JPY as commodity currencies come under pressure.
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• The USD/JPY looks poised for a downside breakout, helped by the dollar’s recent weakness.
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• The AUD/USD is down 0.48%, with the NZD/USD off by 0.38%.
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• Meanwhile the British pound is weak despite consumer confidence coming better than expected.
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Coming up today:
• Coming up today we have UK net lending to individuals at 09.30.
• This is followed by European flash CPI estimate, with the unemployment rate expected to remain steady at 12.2%.
• Canadian GDP is released at 13.30, followed by US personal spending, Chicago PMI at 14.45 and revised UoM consumer sentiment at 14.55.
Bet Idea:
• With the major yen pairs poised for a breakout, we could see further significant downside
for the AUD/JPY.
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A good way to play this could be a LOWER trade predicting that the AUD/JPY closes below 96.25 in 5 days for a potential return of 291%.
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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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