BetOnMarkets Daily Market Report (17th October)

• This morning Asian stock markets hit their highest levels for five months after b
etter then expected economic data and US company earnings. The US dollar index has dropped as investors shun safe havens.

• Gold is the biggest riser this morning, up 0.23%.



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• Dollar pairs are the main movers this morning, with the AUD/USD up 0.14%, the EUR/USD up 0.11% and the NZD/USD up 0.06%.


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• The yen pairs are mixed as the USD/JPY fights back after speculation that the Bank of Japan would take steps to weaken the currency.

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• The euro continues to out perform, as seen with the EUR/GBP’s gains this morning.

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Coming up today:

• Coming up today, we have the release of the minutes from the last MP
C meeting at 09.30, along with UK claimant count change at 09.30. The unemployment rate is also expected to stay at 8.1%.

• US building permits are released at 13.30, with housing starts released at the same time.

Be
t Idea:

• The Australian dollar lagged yesterday as Europe took centre stage, but as the bulls take control, the Aussie is pushing to the forefront.



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A good way to play this might be a HIGHER trade predicting that the AUD/USD closes above 1.0350 in 2 days time. This could return 164% 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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