Read the Daily Market Report from Dave Evans, Professional Trader
 
  Upwards momentum continues


Morning Report: 08.30 London

Financial markets have continued their upward march this morning, with the S&P 500 up slightly in early trading. The dollar pairs are on the move, with the NZD/ USD and gold the big winners so far this morning, up around 0.4%. The AUD/ USD is not far behind, up 0.27%.



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The euro and other dollar pairs did initially start the Asian session well, but have since fallen back from the morning highs.

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Coming up today:

• Coming up today we have European industrial production at 10.00.

• This evening, we have Fed chairman Bernanke speaking at 21.00.

Bet Idea:

This USD/JPY is on the rise once again, helping the AUD/JPY push towards this highs again this morning. It’s been hard to fight the trend of this strong moving pair, so it could pay to flow with the current on this one.


A HIGHER trade predicting that the AUD/JPY will close above 94.50 in 3 days time could return 107% if successful.

 

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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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