BetOnMarkets Daily Market Report (14th March)

Read the Daily Market Report from Dave Evans, Professional Trader


	Aussie pushes higher as Dow hits best streak for 16 years Morning Report: 08.30 London • Last night the Dow Jones closed higher for its ninth straight session, something that hasn’t happened in 16 years. The big winner on currency markets is the Australian dollar after employment data smashed estimates last night and thereby lessening the chance of the RBA continuing with their series of rate cuts. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • Elsewhere, the British pound continues to play catch up, with the EUR/GBP dropping for the second straight day this morning and the GBP/JPY rallying 0.48%. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have the EU economic summit running throughout the da y, with the ECB monthly bulletin due at 09.00. • From 12.30, we have US PPI, with unemployment claims due at the same time. Bet Idea: • The British pound has shown si gns of price stability in the last couple of days and coupled with a US dollar that is overreaching itself, there could be some upside for the GBP/USD here. Click here to view full-sized image A HIGHER trade predicting that the GBP/USD closes above 1.5050 on March 29th could return 153% 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

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