BetOnMarkets Daily Market Report (15th November)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen pressure intensifies Morning Report: 08.15 London • The S&P 500 sold off heavily into the close last night as worries about the US fiscal cliff continued. Normally at such times of fear, the Japanese yen would be in demand, but due to political uncertainties, the USD/JPY is rallying to its highest level since April. Click here to view full-sized image Click here to view full-sized image • The EUR/JPY is the biggest mover today, up 0.93% with the GBP/JPY up 0.92%. span> Click here to view full-sized image Click here to view full-sized image • The bulk of these moves is down to the weakening yen, with the EUR/ USD up by just 0.09% and gold down by 0.12%. Click here to view full-sized image Click here to view full-sized image Coming up today: • This morning we ha ve the ECB monthly bulletin at 09.00, with preliminary Italian GDP released at the same time. • UK retail sales follow at 09.30, with a drop of 0.1% expected. • European inflation is expected to hold steady at 10.00 at 2.5%. • From 13.30 we switch to the US with Core CPI data and unemployment claims. This is followed by the Philly Fed manufacturing index at 15.00. Fed Chairman Bernanke speaks at 18.20. Bet Idea: • The AUD/JPY has made some solid gains in the last two days and if any pair has the potential to follow through, its this pair. Click here to view full-sized image A HIGHER trade predicting that the AUD/ JPY closes above 84.0 in 4 days could return 152% 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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