BetOnMarkets Daily Market Report (12th November)

Read the Daily Market Report from Dave Evans, Professional Trader


	Japan GDP hits early sentiment Morning Report: 08.15 London • It’s been a muted start to the week’s trading after Japanese GDP dropped more than expected. Despite this, there is a slight bias to ‘risk on’ trading, with the AUD/JPY up 0.26%. Click here to view full-sized image • The other main commodity pairs are also strong this morning, with the AUD/USD up 0.25% and the NZD/USD up 0.18%. Click here to view full-sized image < span style=”font-size: 12px;”>• Gold is also performing well, up 0.25% this morning. Click here to view full-sized image Coming up today: • Coming up today, we have the ongoing Eurogroup meeting, with the EU budget discussions still undecided. • There is also a public holiday in Canada and the US, so volatility could be lower than usual. Bet Idea: • The British pound came under considerable pressure last week, dragged down by its close neighbor the euro. With the yen still looking over sold, there could be further downside potential for the GBP/JPY this week. Click here to view full-sized image A good way to play this could be a LOWER trade predicting that the GBP/JPY closes below 125.50 in 5 days time for a potential return of 187%. 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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