BetOnMarkets Daily Market Report (13th March)

Read the Daily Market Report from Dave Evans, Professional Trader


	Traders take out profits as dollar drops Morning Report: 08.30 London • It&rs quo;s a mixed bag out there this morning as the dollar pairs push higher, while the yen pairs dip lower. The S&P 500 closed down for the first time in March last night, but the Dow managed to notch up a small gain. Click here to view full-sized image • The NZD/USD is up 0.36%, with the GBP/USD up 0.28% despite yesterday’s poor production figures. Click here to view full-sized image Click here to view full-sized image • The USD/JPY is the biggest moving yen pair, down 0.25%, with the AUD/JPY not far behind at -0.19%. Click here to view ful l-sized image Click here to view full-sized image Coming up today: • The only item of note in Europe this morning is European industrial production at 10.00. • We then shift to the US with a large number of economic items including retail sales and import prices at 12.30. Business inventories follow at 14.00 and the Federal budget balance at 18.00. Bet Idea: • After US stock markets reached new highs last week, markets are a little more cautious this week. One pair set for some sort of pullback is the AUD/JPY due to its close correlation with stock markets and the fact that it has come a long way quickly in recent weeks. Click here to view full-sized image A LOWER trade predicting that the AUD/JPY closes below 98.50 in 2 days time could return 130%. 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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