BetOnMarkets Daily Market Report (17th December)

Morning Report: 08.30 London

• This morning, the Japanese yen has had a volatile session after the main opposition party in Japan won a landslide victory. The LDP is expec
ted to pursue an aggressive monetary easing policy sparking a ‘risk on trade’ in Japan, forcing the yen lower.

• The yen pairs are the main movers this morning, with the pound out pacing the rest. Most of the pairs are now well off the highs of the day with the gap still holding.. 

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• The pound/euro balance is firmly in favour of  Sterling as the EUR/GBP drops from the highs this morning.


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• Although the yen pairs are travelling well, broader markets are leaning towards the negative side, with gold falling by 0.5%.

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Coming up today:

• The first main announcement of note today is US Empire State manufacturing index at 13.30.

• In Europe the day’s main item is Draghi speaking at 14.30.

Bet Idea:

• The AUD/JPY has fallen back rapidly this morning from the highs, but so far the pair ridden the Santa Claus rally higher. Despite this morning’s pullback, there could be more upside to come for the AUD/JPY.

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A HIGHER trade predicting that the AUD/JPY will close above 89.00 on December 31st could return 172% if successful.



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This is presented as an idea
to stimulate fixed odds financial betting ideas and is not financial advice.

Summary:


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