BetOnMarkets Daily Market Report (16th October)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen weakens on intervention talk Morning Report: 08.30 London • This morning, the Japanese yen is weakening on speculation that the Bank of Japan may step in to reduce rates further. The USD/JPY is up 0.22%, helping to push the EUR/JPY up 0.62% and the AUD/JPY up 0.53%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • Dollar pairs are on the advance, with the EUR/USD up 0.40% and gold up 0.28%. Click here to view full-sized image Click here to view full-sized image Coming up today: • The main interest this morning is UK inflation data, due at 09.30. CPI is expected to drop further to 2.2%, with RPI expected to drop to 2.6%. • European inflation data is released at 10.00 with core CPI expected to rise to 1.6%. • span>German ZEW economic sentiment follows at 10.00 with a drop to -14.6 expected. European data is expected at the same time. • We continue the inflation theme at 13.30, with US CPI expected to drop to 0.4%. Industrial production follows at 14.15. Bet Idea: • The NZD/USD has been testing recent support levels, but has been lagging behind its Australian cousin in recent days. • There is good potential for the NZD/USD to play catch up and a higher trade could be a good idea here. Click here to view full-sized image A HIGHER trade predicting that the NZD/USD closes above 0.8200 in 5 days time for a potential return of 160%. 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

–b243a32dc4fbbe8be80e6e1bcfcdddf2_myaff–

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.