BetOnMarkets Daily Market Report (16th August)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen v dollar balance dominates trading Morning Report: 08.00 London • This morning, financial markets are still mired by thin summer trading that is clipping volatility at the moment. The main movement seems to be coming from the yen/ dollar balance, with other currency largely standing still. Then yen weakened significantly in early trading, but the USD/JPY is back off the highs, up 0.27%. Click here to view full-sized image • The dollar is top dog at the moment, helping to push the major dollar pairs such as the GBP/USD and EUR/USD lower by around 0.19% this morning. 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 start with UK retail sales at 09.30 with no growth expected. • European inflation data follows at 10.00. • US building permits and unemployment claims follows at 13.30, with the Philly Fed manufacturing index following at 15.00. Bet Idea: Gold has lost its strong trending traits ever since it fell from the highs around April, but there could be some upside potential. The late summer months have historically been strong for the precious metal and with an uptrend starting to build, now could be a good time to capitalise on this seasonality. A HIGHER trade pre dicting that gold closes higher than $1625 in 43 days time could return 151%. Click here to view full-sized image Summary: This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. Click here to view full-sized image

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