BetOnMarkets Daily Market Report (16th May)

Read the Daily Market Report from Dave Evans, Professional Trader


	Dollar breaks 2012 highs Morning Report: 08.00 London • Sentiment is really behind the US dollar at the moment, with the Greenback breaking through the 2012 highs to its highest level since July 2010. Click here to view full-sized image • The move is putting pressure on other dollar pairs with the Australian dollar the main causality. The AUD/USD is down 0.53%, with the AUD/JPY off by 0.37%. The NZD/USD is also struggling, despite NZ PMI showing a faster rate of expansion. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have European CPI at 10.00, with no change expected on the previous month in the headline measure, but a small drop in core numbers. • From 13.30 we switch to North America with US CPI, unemployment claims, and building permits data. US Philly Fed Manufacturing follows at 15.00. Bet Idea: • Sentiment in favour of the US dollar index has reached extreme levels that have preceded pullbacks in the past. However, there is still room for a final pop in dollar interest and the AUD/USD could be the best way to play this. Click here to view full-sized image A ONE TOUCH trade predicting that the AUD/USD touches 0.9600 before the end of May could return 250% 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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