BetOnMarkets Daily Market Report (14th August)

Read the Daily Market Report from Dave Evans, Professional Trader


	Euro continues to rise as yen slips back Morning Report: 08.00 London • This morning, the weaker yen is helping to push the EUR/JPY higher this morning by 0.52%, with the USD/JPY up 0.25%. Click here to view full-sized image Click here to view full-sized image • The euro continues to show relative strength, with the EUR/GBP up by 0.2%. Click here to view full-sized image • Stock market futures indicate we’re heading for a positive day, with the dollar index heading back in the other direction. Click here to view full-sized image Click here to view full-sized image Coming up today: • This morning we have UK CPI figures at 09.30 with inflation expected to drop slightly. • At 10.00 we have German ZEW Economic sentiment, with eurozone flash GDP, industrial production and sentiment released at the same time. • At 13.30 we have US core retail sales, with PPI out at the same time. Bet Idea: • The USD/CAD his continued its down trend, with the Canadian dollar showing considerable strength against the US dollar. This Canadian dollar strength currently puts the USD/CAD on its third straight solid losing month, something that hasn’t happened since 2009. Click here to view full-sized image While the long term trend could continue, there is likely to be a pull back in the short term. A good way to play this may be a HIGHER trade predicting that the USD/CAD will close above 1.0000 in 30 days time for a potential return of 213%. Click here to view full-sized image Summary: This is presented as an idea to stimulate fixed odds financial betting ideas a nd is not financial advice. Click here to view full-sized image

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