BetOnMarkets Daily Market Report (16th April)

Read the Daily Market Report from Dave Evans, Professional Trader


	Gold rallies from worst sell off in 30 years Morning Report: 08.30 London • Last night fears surrounding the Boston marathon bombing and enforced selling of gold sent markets into a tailspin. The precious metal experienced its worst sell off in 30 years, but is rallying this morning as bargain hunters step in. • Gold is leading the morning rally, up 1.78%. Click here to view full-sized image • Commodity and risk related currencies are also rallying hard after coming in for the worst of the selling pressure yesterday. The yen pairs especially are on the rise. 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 Coming up today: • This morning, we have UK CPI figures, with RPI released at the same time. No signi ficant change is expected. • Of greater importance is German and European ZEW economic sentiment, out at 10.00. Draghi speaks at 14.00. • From 13.30, we switch to North America, with Canadian manufacturing sales followed by US building permits and Core CPI. Bet Idea: • The USD/CAD has been drifting lower since the start of March, so yesterday’s surge higher rubs firmly against the recent trend. • The pull back against yesterday’s rally is already setting in , but there could be more room for downside here. Click here to view full-sized image • A LOWER Trade on the USD/CAD predicting that it will close below 1.0200 in 5 days time could return 148%. 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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