BetOnMarkets Daily Market Report (18th December)

Morning Report: 08.30 London

• This morning stock markets are on the rise as hopes rise for a solution to the US debt crisis. However, forex markets are so far quiet, w
ith the NZD/USD selling off following the release of the minutes from the last Reserve Bank of Australia.

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• By contrast, gold is rallying by around 0.25% this morning.

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Coming up today:

• Coming up today, we have the latest UK inflation figures, with CPI expected to drop slightly at 2.6% and RPI expected to remain steady at 3.2%.

Bet Idea:

• The USD/CAD has been dropping since the start of November, but has hit support levels in the past two days.

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• The dollar index has been dropping steadily since the Fed announced its innovative monetary policies and there could be more downside here as Stock Markets keep their bullish festive bias.

A good way to play this could be a LOWER trade predicting that the USD/CAD is below 0.9825 on January 2nd could return 116% 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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