BetOnMarkets Daily Market Report (13th December)

Morning Report: 08.30 London

• This morning, the dollar and yen are continuing to weaken after yesterday’s decision by the Fed to effectively extend low i
nterest rates for longer the than expected. The S&P 500 is rising again after losing yesterday’s gains following Bernanke’s cautious comments. 

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• Gold is dropping again as investors pare down their inflation expectations and appetite for risk increases.


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• The euro is powering higher, especially against the yen. The yen pairs are generally on the rise as risk ap
petite increases.


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Coming up today:

• This morning, we have the latest monetary policy statement from the Swiss National Bank.

• From 09.00, we have the latest ECB monthly bulletin, with day one of the Eurogroup meetings starting today.

• From 13.30 we have a raft of US economic items including retail sales, PPI and unemployment claims.

Bet Idea:

• The NZD/USD has continued its strong trend this week as stock markets showed impressed depth as the NYSE advance/decline line hit an all time high recently. This implies a broad base to this rally, which could be good news for ‘risk on’ currencies such as the NZD/USD.

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A good way to play this might be a HIGHER trade predicting that the NZD/USD closes higher tha
n 85.00 in 7 days for a potential return of 231%



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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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