Read the Daily Market Report from Dave Evans, Professional Trader
Markets slip on Chinese inflation concern
Morning Report: 08.30 London• It was China that sparked the rally the yesterday morning and it’s China that is causing markets to slip back again this morning. Chinese CPI came in above estimates, leading to speculation that this will hinders its ability to other central bank regions in adding a significant stimulus package. Japan unveiled a huge stimulus package this morning, but this was largely as expected so there is little market reaction.
• The Australian and New Zealand do llars are the main losers this morning due to their close proximity to China.
• Coming up today, we have UK manufacturing production at 09.30, with US and Canadian trade balance 13.30.
• UK NIESR GDP estimates are due at 15.00.
Bet Idea:
• The EUR/GBP has had a strong week, but this could be a contrarian signal going forward. After weekly gain of this magnitude, more often than not, the EUR/GBP has reversed or at least paused the following week.
Morning Report: 08.30 London• It was China that sparked the rally the yesterday morning and it’s China that is causing markets to slip back again this morning. Chinese CPI came in above estimates, leading to speculation that this will hinders its ability to other central bank regions in adding a significant stimulus package. Japan unveiled a huge stimulus package this morning, but this was largely as expected so there is little market reaction.
• The Australian and New Zealand do
llars are the main losers this morning due to their close proximity to China.
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Click here to view full-sized image
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Coming up today:
• Coming up today, we have UK manufacturing production at 09.30, with US and Canadian trade balance 13.30.
• UK NIESR GDP estimates are due at 15.00.
Bet Idea:
• The EUR/GBP has had a strong week, but this could be a contrarian signal going forward. After weekly gain of this magnitude, more often than not, the EUR/GBP has reversed or at least paused the following week.
Click here to view full-sized image
A good way to play this could be a LOWER trade predicting that the EUR/GBP closes below 0.8200 in 7 days for a potential return of 122%.
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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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