BetOnMarkets Daily Market Report (17th January)

Read the Daily Market Report from Dave Evans, Professional Trader


	Aussie heads lower on employment data Morning Report: 08.30 London • The Australian dollar is showing some notable weakness this morning after Australian employment change came in well below estimates at -5.5k. The AUD/USD and AUD/JPY have both been hit hard, with the Aussie being singled out for punishment this morning. Click here to view full-sized image Click here to view full-sized image • Elsewhere, the euro is performing well despite concern over the fate of Cyprus. Click here to view full-sized image • The yen is also reversing as the general sentiment flow flicks back to positive. Click here to view full-sized image Coming up today: • Coming up today we have the ECB bulletin at 09.00. • We switch to the US at 13.30, with building permits, unemployment claims & housing starts. The big ticket item for the day is Philly Fed manufacturing, due at 15.00. Bet Idea: • The AUD/JPY is testing the fast moving average (12MA) which has acted as a support for the recent move higher. Click here to view full-sized image • While the medium term outlook is look a little shaky, there could be room for a short term move higher as the price rebounds off this level again. A good way to play this could be a HIGHER trade predicting that the AUD/JPY will close HIGHER than 93.50 in one days time for a potential return of 168%. 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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