BetOnMarkets Daily Market Report (1st March)

Read the Daily Market Report from Dave Evans, Professional Trader


	Positive Surprise from Spanish Manufacturing Morning Report: 08.30 London • This morning, financial markets have shrugged off disappointing Chinese manufacturing PMI after Spanish manufacturing data surprised to the upside. This rare good news has pushed the euro in front this morning, with the EUR/JPY up 0.25% and the EUR/USD up 0.23%. Click here to view full-sized image Click here to view full-sized image • Gains are tempered after US budget cuts automatically came on line following January’s impasse. The dollar index is pulling back from the highs after a strong bull run recently. Click here to view full-sized image Coming up today: • Coming up at 9.00 today we have final European manufacturing PMI data, with UK Manufacturing released at 09.30. span> • From 10.00, we have European CPI flash estimates, along with unemployment figures. • From 13.30, we switch to North America, with Canadian GDP expected to drop 0.2%. Personal spending data is released at the same time. span> • Revised UoM consumer sentiment is released at 14.55, with ISM manufacturing at 15.00. Bet Idea: • Markets are looking a little more stable this morning, with the first day of the month having a positive bias. This bias could extend until Tuesday of next week, which could be good news for the NZD/USD. span> Click here to view full-sized image A good way to play this could be a HIGHER trade predicting that the NZD/USD closes above 0.8300 in 3 days time for a potential return of 134%. 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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