BetOnMarkets Daily Market Report (12th March)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen pairs slip from highs Morning Report: 08.30 London • Financial markets an d the main yen pairs are slipping back from the highs this morning after Kikuo Iwata, the nominee for the new BoK governorship cautioned that decisive easing was needed. The EUR/JPY is down 0.49%, with the GBP/JPY off by 0.37%. Click here to view full-sized image Click here to view full-sized image • The dollar pairs are also under pressure with the EUR/USD down by 0.24% while the GBP/USD as continued its down slide. Click here to view full-sized image Coming up today: • Coming up today, we have UK manufacturing production figures at 09.30, which is expected to drop to 0% growth. The latest NIESR GDP estimates are released at 15.00. • At 18.00, we have the latest Federal budget balance figures. Bet Idea: • Gold has been rangebound of late as the US continues to debate its budget plans. This impasse is unlikely to last long and a breakout could be on the cards here. Click here to view full-sized image A good way to play this could be an IN/OUT trade predicting that gold will go outside of either $1525 or $1625 at some point in the next 7 days for a potential return of 282%. 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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