BetOnMarkets Daily Market Report (16th January)

Read the Daily Market Report from Dave Evans, Professional Trader


	New Year Rally Wavers Morning Report: 08.30 London • This morning, traders are continuing to nibble away at the gains made from the big rally either side of New Years day. Despite pushing higher into the close last night, the S&P 500 is slipping back again this morning. Click here to view full-sized image • The yen continues to strengthen, pushing the yen pairs lower, especially the EUR/JPY and GBP/JPY. Click here to view full-sized image Click here to view full-sized image • The dollar pairs are relatively quiet, with the GBP/USD off by around 0.10% and approaching an important support zone. Click here to view full-sized image • Gold is climbing higher again though. Click here to view full-sized image Coming up today: • This morning, we start with European CPI which is expected to come in unchanged mostly. • From 13.30, we have a raft of US data points including CPI then Capacity utilisation and industrial production at 14.15. span> Bet Idea: • Stock markets are looking increasingly over bought. We may not be there just yet, but a significant reversal could be around the corner. The pair most affected could be the AUD/USD as this tends to catch a cold when stock markets start to s niffle. Click here to view full-sized image A LOWER trade predicting that the AUD/USD closes below 1.0525 in 9 days time could return 139% 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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