BetOnMarkets Daily Market Report (12th February)

Read the Daily Market Report from Dave Evans, Professional Trader


	Euro wobbles ahead of G20 Morning Report: 08.30 London • The euro is on the back foot this morning ahead of this week’s G20 meeting where global currency imbalances are making the news. The yen has been volatile this past five days after US officials appeared to sanction a weak yen policy, while European officials are still debating the dangers of a euro that is ‘too strong’. • The yen pairs are seeing the biggest movements this morning, with the EUR/JPY off by 0.40%, closely followed by the AUD/JPY which is down 0.33%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • The EUR/GBP is trading lower this morning, as the GBP/USD finds support around the 1.5650 level. Click here to view full-sized image Click here to view full-sized image Coming up today: • We start the day with UK inflation data, with CPI expected to stay at 2.7% and RPI expected to rise to 3.2%. • We then have speeches from Canadian, ECB and FOMC central banking officials from 13.45. 15.30 then 16.30 respectively. span> Bet Idea: • Gold sold off heavily last night and on current levels would be on for its lowest close since August 2012. Click here to view full-sized image • This sell off has switched the precious metal back into over sold territory so there could be some upside from here. span> A HIGHER trade predicting that gold will close above $1660 in 7 days time could return 223% 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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