BetOnMarkets Daily Market Report (19th April)

Read the Daily Market Report from Dave Evans, Professional Trader


	Gold emerges from the depths Morning Report: 08.30 London • This morning, gold is rising from its severe sell off, with a 1.74% gain today. There’s a long way to go to make back the losses though. • Elsewhere, the yen pairs are on the rise, with the AUD/JPY up 1.06% and the USD/JPY up 0.60%. Click here to view full-sized image Click here to view full-sized image • The main ‘risk on’ dollar pairs are also performing well, with the NZD/USD up 0.64%. Click here to view full-sized image Coming up today: • Coming up today we have European current account data at 09.00, with German Bundesbank president Weidman speaking at 12.30. • Canadian CPI is released at 13.30. • G20 and IMF meetings run throughout the day in the background. Bet Idea: • The EUR/USD has stabilised, but this comes in the face of continued Italian uncertainty and a Cyprus bailout that is still volatile. It wouldn’t take much for this ‘stability’ to turn into more selling. Click here to view full-sized image • A LOWER trade on the EUR/USD predicting that it will close below 1.3000 in 7 days time could return 131% if successful. 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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