BetOnMarkets Daily Market Report (15th February)

Morning Report:
08.30 London

• The
yen is on the
advance this
morning,
forcing the
main yen pairs
lower.

• The
EUR/JPY is the
main casualty
this morning,
down 0.76%,
with the
AUD/JPY down
0.59% and the
USD/JPY down
0.56%.



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• The
pound is
standing firm
though, with
the GBP/USD up
0.26% and the
EUR/GBP down
by 0.47%.


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Coming
up today:

•
Coming up
today, we have
UK retail
sales at
09.30, with a
0.5% rise
expected.

• US
economic data
follows in the
afternoon,
with Empire
state
manufacturing
released at
13.30 and
industrial
production at
14.15. Prelim
UoM consumer
sentiment
follows at
14.55.

• The
G20 meeting is
running
throughout the
day in the
background and
could be a
source of a
number of
macro
headlines.

Bet
Idea:

• The NZD/USD
is approaching
its highest
levels since
2011, but
markets in
general are
stuck in a
choppy trading
range.

• The
NZD/USD could
follows suit
and
consolidate
over coming
days, with an
IN/ OUT trade
the best way
to play this.



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An
In/Out trade
predicting that the
NZD/USD closes between
a high or 0.8525 and a
low of 0.8450 in 5
days time could return
133% 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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