BetOnMarkets Daily Market Report (18th January)

Morning Report: 08.30 London

• Markets are flat this morning after mixed Chinese GDP data. The emerging economy expanded 7.8% in 2012, but there were some indication that quarter four returned to stronger growth.

• The dollar pairs are the main movers, with the Australian dollar losing 0.33% against the US dollar.

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• The Canadian dollar is also struggling, with the USD/CAD up 0.26%.




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Coming up today:

• Coming up today we have UK retail sales at 09.30, with sales expected to rise 0.2%.

• From 14.55 we have US prelim UoM consumer sentiment.

Bet Idea:

• Gold has risen well in recent days, but there could be room for a short term pull back in the next 7 days.

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• 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 LOWER trade predicting that gold closes below $1675 in 7 days time. This could return 231% 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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