BetOnMarkets Daily Market Report (18th February)

Read the Daily Market Report from Dave Evans, Professional Trader


	Weak yen condoned by G20 Morning Report: 08.30 London • This morning, the Japanese yen is on the slide again as Japan was not singled out for criticism for its weak yen policy at the weekend’s G20 meeting. • The yen pairs are the main movers this morning, with the AUD/ JPY up 0.26% and the USD/ JPY up 0.14%. Click here to view full-sized image • Gold is also beginning to recover after a heavy week of falls, with the precious metal up 0.29%. Click here to view full-sized image • The pound and euro are struggling though, with the GBP/ USD coming in for some early selling, down 0.36%. Analysts are picking up comments from the BOE’s Adam Weale who stated that there was a ‘strong case for disregarding the inflation impact of a strong pound’. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today, we have European current account data at 09.00, followed by ECB president Draghi speaking at 14.30. Bet Idea: • The AUD/ JPY continues to be closely correlated with the S&P 500, with both entering a period of tight range bound trading after hitting new highs. Click here to view full-sized image Click here to view full-sized image • The upshot could be a short term continuation of this trading activity, especially until the AUD/ JPY breaks its up trend. A good way to play this could be an IN/OUT trade predicting that the AUD/JPY closes between 96.4 and 97.25 in 2 days time for a potential return of 155%. 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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