BetOnMarkets Daily Market Report (10th September)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets pause for breath after monster rallies. Morning Report: 08.30 London • After the frantic action from Thursday and Friday, financial markets are pausing for breath this morning. Some forex pairs have slipped into reverse gear as some of the excesses from last week are undone. The euro in particular is slipping back, with two important items coming up this week. On Wednesday a German court is expected to ratify Draghi’s plan, while a pro euro party is expected to be elected in the Netherlands. • The euro is down around 0.1% today after Friday’s surge. The EUR/GBP is also slipping back. Click here to view full-sized image Click here to view full-sized image • The Dollar index is making back some of the ground lost last week, but there is some way to go. Gold is still riding high on the back of dollar weakness. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have a light economic calendar, with European sentix investor confidence the main highlight at 09.30. Bet Idea: • The USD/JPY plunged hard on Friday, but the pair does seem to have found support in the 78.00 region. With the threat of the Bank of Japan ready to step in to weaken the yen, there could be good potential for a bounce here. Click here to view full-sized image A good way to play this might be a HIGHER trade predicting that the USD/JPY closes higher than 78.50 in 2 days time for a potential return of 183 %. 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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