BetOnMarkets Daily Market Report (10th July)

Read the Daily Market Report from Dave Evans, Professional Trader


	Euro hope slips back Morning Report: 08.00 London • The recent euro summit induced confidence is slowly being eroded as financial markets take another step back this morning. The Spanish bailout is front and centre again as officials come to work on the small print. The yen pairs are the biggest movers, with the USD/JPY down 0.19%. Click here to view full-sized image • The main risk on barometer pair, the AUD/JPY is off by 0.44%, with the NZD/USD down by 0.31% and the AUD/USD down by 0.24%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • Elsewhere, the European dollar pairs are showing less movement with the GBP/USD down by 0.12%. span> Click here to view full-sized image Coming up today: • We have Italian industrial production at 09.00. • UK manufacturing, trade balance and industrial production figures follow at 09.30. • We get the latest UK NIESR GDP estimate at 15.00. • The European ECOFIN meeting runs all day in the background.• We have Italian industrial production at 09.00. Bet Idea: span> With the ‘Risk on/risk off’ barometer switching back to the negative, there could be some room for follow on selling for the AUD/JPY. A good way to play this might be a LOWER trade. Click here to view full-sized image A LOWER trade predicting that the AUD/JPY closes below 80.75 in 1 days time could return 110% if successful. Click here to view full-sized image This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. **Summary:** Click here to view full-sized image

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