Read the Daily Market Report from Dave Evans, Professional Trader
China manufacturing on the rise again
Morning Report: 08.30 London• Financial markets are on the rise again this morning as China manufacturing shows signs of recovery with Manufacturing PMI coming in at 50.9. Stock markets are on the rise, with the dollar index dropping as risk appetite increases.
• The euro is strong once again the strongest currency, with the EUR/JPY the top moving pair, up 0.40%. The EUR/USD is up 0.32%, with the EUR/GBP rising for its fifth straight day. This strength comes despite the EU electing to delay major decisions until June.
• The main commodity currencies of the Australian dollar and New Zealand dollar continue to perform well, with the NZD/USD on course for 10 sessions without a significant reversal.
• We’ve a busy day ahead of us today, with German flash manufacturing and services at 08.30. European flash manufacturing and services data follow at 09.00. From 10.00, we have the latest European CPI figures.
• From 13.30 we switch to North America, with Canadian manufacturing sales followed by core CPI. US flash manufacturing PMI and industrial production follows at 14.15.
Bet Idea:
• The EUR/GBP has had a strong week, but the Eurozone hasn’t completely cleared the decks of its problems yet. The euro is showing impressive resilien ce, but there is scope for some profit taking over the next seven days.
Morning Report: 08.30 London• Financial markets are on the rise again this morning as China manufacturing shows signs of recovery with Manufacturing PMI coming in
at 50.9. Stock markets are on the rise, with the dollar index dropping as risk appetite increases.
Click here to view full-sized image
Click here to view full-sized image
• The euro is strong once again the strongest currency, with the EUR/JPY the top moving pair, up 0.40%. The EUR/USD is up 0.32%, with the EUR/GBP rising for its fifth straight day. This strength comes despite the EU electing to delay major decisions until June.
Click here to view full-sized image
Click here to view full-sized image
Click here to view full-sized image
• The main commodity currencies of the Australian dollar and New Zealand dollar continue to perform well, with the NZD/USD on course for 10 sessions without a significant reversal.
Click here to view full-sized image
Click here to view full-sized image
Coming up today:
• We’ve a busy day ahead of us today, with German flash manufacturing and services at 08.30. European flash manufacturing and services data follow at 09.00. From 10.00, we have the latest European CPI figures.
• From 13.30 we switch to North America, with Canadian manufacturing sales followed
by core CPI. US flash manufacturing PMI and industrial production follows at 14.15.
Bet Idea:
• The EUR/GBP has had a strong week, but the Eurozone hasn’t completely cleared the decks of its problems yet. The euro is showing impressive resilien
ce, but there is scope for some profit taking over the next seven days.
Click here to view full-sized image
A good way to play this could be a LOWER trade predicting that the EUR/GBP closes below 0.8100 in 7 days time. This could return 172% if successful.
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
© COPYRIGHT 1999-2012 Regent Markets ALL RIGHTS RESERVED
–e9b506b4d9b4c2e280ea24bfbd9dedd1_myaff–
Related Posts: