Read the Daily Market Report from Dave Evans, Professional Trader
Euro gains ahead of German court decision.
Morning Report: 08.30 London
• Optimism abounds this morning, with the main ‘risk on’ pairs continuing their forward march. Traders are confident that the German constitutional court will approve the ESM bailout.
• The dollar index is trading at the lows again while the AUD/JPY leads markets higher, up 0.44%. The AUD/USD and NZD/USD are not far behind, up 0.35%.
• The German constitutional court ruling is due at 09.00, with markets expected the bailout plans to pass, perhaps with a few minor caveats.
• The Dutch parliamentary election runs all day, with a pro EU result expected.
• UK claimant count change follows at 09.30, with the unemployment rate expected to stay at 08.00. Industrial production follows at 10.00.
Bet Idea:
• The AUD/USD has been travelling we ll, while the AUD/JPY has lagged somewhat due to the strong yen.
• This could change if the current positive Zeitgeist continues, with further upside on the cards here provided the German court throws no tape bombs today.
Morning Report: 08.30 London
• Optimism abounds this morning, with the main ‘risk on’ pairs continuing their forward march. Traders are confident that the German constitutional court will approve the ESM bailout.
• The dollar index is trading at the lows again while the AUD/JPY leads markets higher, up 0.44%. The AUD/USD and NZD/USD are not far behind, up 0.35%.
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• Gold continues to perform well with the precious metal up 0.28%.
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• The EUR/USD has also continued to climb a wall of worry, up 0.15% this morning.
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Summary:
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• The German constitutional court ruling is due at 09.00, with markets expected the bailout plans to pass, perhaps with a few minor caveats.
• The Dutch parliamentary election runs all day, with a pro EU result expected.
• UK claimant count change follows at 09.30, with the unemployment rate expected to stay at 08.00. Industrial production follows at 10.00.
Bet Idea:
• The AUD/USD has been travelling we
ll, while the AUD/JPY has lagged somewhat due to the strong yen.
• This could change if the current positive Zeitgeist continues, with further upside on the cards here provided the German court throws no tape bombs today.
A HIGHER trade predicting that the AUD/JPY closes HIGHER than 81.75 in 2 days time could return 162% if successful
.
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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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