BetOnMarkets Daily Market Report (19th September)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen plunges after BoJ intervention Morning Report: 08.30 London • This morning, the yen is dropping sharply after the Bank of Japan introduced monetary easing activities in a bid to further weaken the yen. With the UK, Europe and US winning the race to devalue their currencies, the yen was in danger of being left behind. • The EUR/JPY is up another 0.59%, the GBP/JPY up 0.55%, the AUD/JPY up 0.50, with the USD/JPY up 0.42%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • Gold is pushing higher as the dollar index treads water. Click here to view full-sized image Coming up today: • Coming up today we have the release of the minutes from the last UK MPC meeting. • At 13.30, we have US building permits, housing starts, with existing home sales following 15.00. span> Bet Idea: • Stock markets hit new highs recently, with the % of stocks reaching new highs also rising at the same time. This has been a consistent buy signal for markets in the past, as it hints at the breadth of buying interest. The AUD/JPY is often the default option for speculators in currency markets as a vehicle for the carry trade. Click here to view full-sized image This could mean further upside for the pair over the next two weeks. A good way to play this might be a HIGHER trade predicting that the AUD/JPY closes above 82.75 in 14 days for a potential return of 114%. 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-size d image

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