BetOnMarkets Daily Market Report (19th December)

Read the Daily Market Report from Dave Evans, Professional Trader


	Euro hits nine month high Morning Report: 08.30 London • This morning financial markets have continued their bullish edge as US debt negotiations inch towards resolution. Stock markets are on the ri se, with the dollar index dropping further. Click here to view full-sized image • The euro is once again showing relative strength, with the EUR/USD hitting a nine month high. The GBP/USD is also pushing higher. Click here to view full-sized image Click here to view full-sized image • The yen pairs are also on the rise as the yen drops on stimulus hopes. Click here to view full-sized image Click here to view full-sized image • Gold is the top mover so far though in relatively benign conditions. Click here to view full-sized image Coming up today: • Coming up today, we have German Ifo business climate data at 09.00, with current account data released at the same time. • From 09.30, we have the release of the latest MPC meeting minutes. CBI realised sales follow at 11.00. • US building permits follow at 13.30 along with housing starts. Bet Idea: • The euro has been on a powerful run of late, especially against the Japanese yen which has weakened on talk of a new stimulus plan. While the long term trend might still be higher, there could be room for a short term pullback against a trend that is in danger of overheating. Click here to view full-sized image A ONE TOUCH trade predicting that the EUR/JPY touches 110 in 12 days time could return 156% 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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