BetOnMarkets Daily Market Report (18th September)

Read the Daily Market Report from Dave Evans, Professional Trader


	Will Spain request a bailout? Morning Report: 08.30 London • This morning, financial markets are softer as traders speculate on when Spain will request a bailout. At present, Spain is insisting it does not need an intervention, but many market observers expect it to be a matter of time. • The dollar index is fighting back again, forcing gold lower by 0.22%, with the AUD/USD down 0.13%. Click here to view full-sized image Click here to view full-sized image • The yen pairs are seeing the biggest moves, with the AUD/JPY down 0.2% and the EUR/JPY down 0.18%. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today, we have UK CPI and RPI data at 09.30 with a drop of 0.1% expected for both. • German ZEW economic sentiment follows at 10.00 with an improvement expected. • US current account data is released at 13.30. span> Bet Idea: • The GBP/USD’s up trend appears unstoppable, but nothing goes up in a straight line forever. The dollar is showing signs of stabilisation and this could be enough to at least allow a pause for the GBP/USD in coming weeks. Click here to view full-sized image A good way to play this might be a LOWER trade predicting that the GBP/USD closes LOWER than 1.6200 in 21 days. This could return 115% if successful. span> span> 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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