BetOnMarkets Daily Market Report (13th August)

Morning Report: 08.00 London

• Typical of a Monday morning, financial markets have not really got going yet for the week. The main movement has come from the US dollar, which is slipping back slightly this morning.


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• The dollar’s strength is helping the gold to push higher in early trading.


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• The dollar’s weakness isn’t broad based though, as the NZD/USD is continuing to struggle.



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Coming up today:

• The economic calendar is very light today with no notable releases until New Zealand core retail sales this evening.

Bet Idea:

• The EUR/GBP has been in a clear down trend since April 2011, but the pair is now approaching the extreme of the range channel once again. While the Euro still has much to do, the pound is no bed of roses either with the British economy wobbling back into recession.

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There is potential for upside over the next week. A good way to play this might be a HIGHER trade predicting that the EUR/GBP closes above 0.7875 in 7 days time for a potential return of 199%.



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Summary:

This is presented as an idea to stimulate fixed odds financial betting ideas a
nd is not financial advice.


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