BetOnMarkets Daily Market Report 13th June

Read the Daily Market Report from Dave Evans, Professional Trader


	Strong Yen rebounds on growth fears. Morning Report: 08.30 London • This morning, the Japanese Yen is riding high as world markets sell off. Financial markets have been rocked overnight after the World Bank cut its 2013 global economic forecasts to 2.2% from 2.4% and Chinese growth forecasts to 7.7%. Morgan Stanley also cut its China forecasts to 7.9% annual growth. • The dollar index and S&P 500 are both extending their recent sell off. Click here to view full-sized image Click here to view full-sized image • The yen is top dog as the USD/JPY drops 1.79%, with the AUD/JPY off by 1.92% Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • The Australian dollar is selling off despite better than expected employment data, but poor China growth forecasts have trumped this good news. • The euro is showing some relative strength though with the EUR/USD extending recent gains. Click here to view full-sized image Coming up today: • Coming up today we have US core retail sales at 13.30, with unemployment claims released at the same times. Business inventories are released at 15.00. Bet Idea: • This morning, the EUR/GBP is pushing higher, but in recent weeks, the pair has often pulled back from the highs as shown by the long upper wicks. The general trend is slipping lower and this could be the way to play the pair. Click here to view full-sized image A LOWER trade predicting that the EUR/GBP closes below 0.8500 in 5 days for a potential return of 155%. 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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