BetOnMarkets Daily Market Report (10th October)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets wary of earnings season Morning Report: 08.30 London • This morning, financial markets are little moved as traders tread carefully ahead of major company earnings from the US. • The main winner this morning is the Australian dollar which is out pacing it’s Southern Hemisphere neighbour, the NZD/USD. Click here to view full-sized image Click here to view full-sized image • The euro is trading on the softer side, but this could soon change when momentum properly kicks in for the day. Click here to view full-sized image Coming up today: • The morning’s main item in Europe is Italian industrial production at 09.00. • Coming up today we have the US Biege book at 19.00, with the 10 year bond auction at 18.00. Bet Idea: • The EUR/GBP is trading lower again this morning as the pair continues to rebound from the 0.8100 level. With the discussions over Spain and Greece dragging in, there could be more downside to come in t he next few days. Click here to view full-sized image A good way to play this might be a lower trade predicting that the EUR/GBP closes below 0.7950 in 10 days time for a potential return of 216%. 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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