Read the Daily Market Report from Dave Evans, Professional Trader
Euro rallies as Greece pays its debts
Morning Report: 08.15 London • Financial markets are on the rise this morning after Greece managed to cobble enough money together to avoid bankruptcy. Meanwhile the EU and IMF are still wrangling over the longer term issue of the primary Greek bailout plan.
• The big moves are o n the yen pairs this morning after the Japanese PM threatened to dissolve parliament in an argument over electoral reforms. The USD/JPY is up 0.59%, with the EUR/JPY up 0.85% and the AUD/JPY up 0.77%.
• We start the day with the latest UK unemployment data, with claimant count change and the unemployment rate both released at 09.30. This is followed at 10.30 by the Bank of England inflation report.
•
At 10.00 we have European industrial production. • From 13.30 we switch to the US, with core retail sales, and PPI.
• Then at 19.00, we have the minutes from the last FOMC meeting.
Bet Idea:
• Volatility has been steadily dropping on the USD/CAD, but that could change today with a raft of major US economic items due today. With the USD/CAD struggling to break through the parity line (1.0000), there is the potential for a downside move in the coming week.
Morning Report: 08.15 London• The big moves are o
n the yen pairs this morning after the Japanese PM threatened to dissolve parliament in an argument over electoral reforms. The USD/JPY is up 0.59%, with the EUR/JPY up 0.85% and the AUD/JPY up 0.77%.
Click here to view full-sized image
Click here to view full-sized image
span>
Click here to view full-sized image
• The dollar pairs are slower moving, with the EUR/USD up by 0.24%.
Click here to view full-sized image
Coming up today:
• We start the day with the latest UK unemployment data, with claimant count change and the unemployment rate both released at 09.30. This is followed at 10.30 by the Bank of England inflation report.
•
At 10.00 we have European industrial production.
• From 13.30 we switch to the US, with core retail sales, and PPI.
• Then at 19.00, we have the minutes from the last FOMC meeting.
Bet Idea:
• Volatility has been steadily dropping on the USD/CAD, but that could change today with a raft of major US economic items due today. With the USD/CAD struggling to break through the parity line (1.0000), there is the potential for a downside move in the coming week.
Click here to view full-sized image
A good way to play this could be a ONE TOUCH trade predicting that the USD/CAD TOUCHES 0.9950 in 2 days time for a potential return of 174%.
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
–9673e75eb2410760bcb793e5f811aed5_myaff–
Related Posts: