BetOnMarkets Daily Market Report (12th October)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets look to end week off lows Morning Report: 08.30 London • This morning financial markets are mixed, with traders still wary of committing to big positions. • The NZD/USD is leading markets higher, rising 0.24% so far. Click here to view full-sized image • The euro continues to show relative strength, gaining 0.16% against the British pound. span> Click here to view full-sized image • Elsewhere there isn’t much movement to speak of though as the GBP/USD drops 0.12%. Click here to view full-sized image Coming up today: • Coming up today we have European industrial production at 10.00. • At 13.30, we have US PPI with a smaller increase of 0.8% expected. Prelim UoM consumer sentiment follows at 14.55. Bet Idea: • The EUR/GBP has building momentum in the last couple of days as concerns about Spain’s credit downgrade are brushed aside. • The four hour chart below shows how the pair is well above its faster moving average after bouncing off the slower MA recently. This could be a good sign and the recent highs could well be exceeded in coming days. span> Click here to view full-sized image A good way to play this could be a HIGHER trade predicting that the EUR/GBP closes above 0.8100 in 5 days time for a potential return of 160%. 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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