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Yen slips as safe haven demand drops Morning Report: 08.30 London
• This morning, the yen pairs are slipping back as safe haven demand slips. World markets have settled after the Boston bombing and worse than expected Chinese data. The EUR/JPY is leading the charge, up 0.50%, with the USD/JPY not far behind at 0.49%.
• Coming up today, we have UK unemployment figures, with claimant count change, MPC minutes and the unemployment rate released at the same time.
•From 15.00, we switch to north America and Canada in particular. Canadian interest rates are expected to remain at 1%, though the BOC press conference at 16.15 should be of greater interest.
•US Biege book data is released at 19.00.
Bet Idea:
• The euro has performed well against the British pound throughout April, with the late March gap close to closing. The path of least resistance seems to be higher here, with a close above the gap low a strong possibility.
Yen slips as safe haven demand drops
Morning Report: 08.30 London
• This morning, the yen pairs are slipping back as safe haven demand slips. World markets have settled after the Boston bombing and worse than expected Chinese data. The EUR/JPY is leading the charge, up 0.50%, with the USD/JPY not far behind at 0.49%.
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• Gold is leading the gainers this morning, up 1%, though the precious metal has a long way to go to regain recent losses.
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Coming up today:
• Coming up today, we have UK unemployment figures, with claimant count change, MPC
minutes and the unemployment rate released at the same time.
• From 15.00, we switch to north America and Canada in particular. Canadian interest rates are expected to remain at 1%, though the BOC press conference at 16.15 should be of greater interest.
• US Biege book data is released at 19.00.
Bet Idea:
• The euro has performed well against the British pound throughout April, with the late March gap close to closing. The path of least resistance seems to be higher here, with a close above the gap low a strong possibility.
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• A HIGHER trade predicting that the EUR/GBP closes above 0.8600 in 2 days time could return 131%.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary
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