BetOnMarkets Daily Market Report (17th August)

Read the Daily Market Report from Dave Evans, Professional Trader


	Aussie dollar leads the fallers Morning Report: 08.00 London • This morning, the Australian dollar is the standout faller, with the AUD/USD down by 0.71% and the AUD/JPY 0.60%. The NZD/USD is not far behind, down 0.40%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • The euro continues to perform well after supportive comments from Angel Merkel. Click here to view full-sized image Coming up today: • This morning we have European current account data at 09.00. • Canadian Core CPI follows at 13.30, with US prelim UoM consumer sentiment at 14.55. Bet Idea: The EUR/JPY has rallied well this week, but this seems to have come due to the lack of bad news rather than anything positive. The big questions are still yet to be answered and it wouldn’t be surprising for the euro to fall back into its regular pattern of hope being dashed as reality returns. We’re still in the light summer trading doldrums so the moves of the last few days could easily be undone if some decent volume sweeps in. Click here to view full-sized image A good way to play t his might be a ONE TOUCH trade predicting that the EUR/JPY touches 97.25 in 4 days time for a potential return of 157%. 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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