BetOnMarkets Daily Market Report (11th February)

Read the Daily Market Report from Dave Evans, Professional Trader


	Pound slips on downbeat expecations Morning Report: 08.30 London • Markets have a negative bias this morning after stocks closed the week on a high on Friday night. • The Australasian pairs are seeing the greatest selling pressure after Australian home loans came in well below estimates. The NZD/USD is down 0.36%, the AUD/JPY off 0.01% and the AUD/USD down 0.17%. Click here to view full-sized image Click here to view full-sized image • The euro is looking strong on a relative basis this morning, with the EUR/JPY up and the EUR/GBP rallying for the first time in three days. The pound is looking weak relative to its neighbour as traders bet that the Bank of England will make some downbeat projections for the UK economy this week. Click here to view full-sized image Coming up today: • Coming up today we have the latest Eurogroup meeting running in the background throughout the day. Bet Idea: • The USD/CAD has rallied for three straight days, but this has been a fairly consistent contrarian signal for the pair. Click here to view full-sized image • As the chart below shows, following a three day rally, the USD/CAD is prone to reverse more often than not. Click here to view full-sized image A good way to play this could be a HIGHER trade predicting that the AUD/USD closes above 1.0350 in three days time for a potential return of 175%. 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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