BetOnMarkets Daily Market Report (1st February)

Read the Daily Market Report from Dave Evans, Professional Trader


	Euro pushes higher despite China manufacturing dip Morning Report: 08.30 London • Financial markets are generally mixed this morning after Chinese manufacturing PMI came in well below expectations. The news has hit the Australian dollar, with the AUD/USD down 0.38%. Click here to view full-sized image • By contrast the euro continues to power higher, with the EUR/JPY up another 0.63%. Click here to view full-sized image Click here to view full-sized image • The yen pairs in general are on the rise with the USD/JPY and GBP/JPY up 0.35%. Click here to view full-sized image Coming up today: • It’s the first Friday of the month which means today’s main item is US Non Farm Payrolls, which the key number expected to rise to 161k. ISM manufacturing follows at 15.00. • We start the day with UK manufacturing PMI at 09.30. Bet Idea: • Today’s Non Farm Payrolls represent a big unknown, but it would have to take a lot to knock the EUR/JPY from its current momentum channel. In the short term at least, the strong potential is for the EUR/JPY to keep pushing higher. Click here to view full-sized image A good way to play this could be a HIGHER trade predicting that the EUR/JPY closes above 126.00 in 3 days time. This could return 173% 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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