BetOnMarkets Daily Market Report (15th January)

Morning Report: 08.30 London

• Markets are on the back foot this morning, with S&P 500 futures falling for their third straight session.

• The big mover is the Japanese yen after Japan’s economy minister Akira Amari indicated that there were ‘limits’ to how much they were prepared to see the yen weaken. T
he main yen pairs are down by around 1%, with the EUR/JPY falling furthest.


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• The euro is weak overall this morning on speculation that the European bank rescue plan is taking a harder line than expected.


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• Elsewhere, gold is on the rise despite the US dollar having the upper hand today.

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Coming up today:

• Coming up today we have a raft of UK data at 09.30, including CPI, PPI and RPI figures which are largely expected to stay unchanged. From 10.00, BOE governor King speaks.

• From 13.30, we switch to the US where we start with core retail sales at 13.30, along w
ith PPI.

Bet Idea:

• There’s no doubt that the USD/JPY has been over sold for some time, but opposing the move has been an easy way to lose money as the yen stubbornly moved lower.
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The value bet is still to the downside and a good way to play this is a LOWER trade predicting that the USD/JPY closes below 87.00 in 16 days time for a potential return of 355%.

Given the stubborn nature of this trend, it may be best to place a half size trade now and another half if the pair moves higher in the next couple of days.

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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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