BetOnMarkets Daily Market Report (1st May)

Morning Report: 08.00 London

• This morning, markets are wary, with a negative bias after Chinese manufacturing grew less than expected. The UK Nationwide house price index also unexpectedly dropped by 0.1%.

• Markets are generally wary with US ADP employment change and manufacturing data due from midday, with the FOM
C statement following in the evening.

• The dollar index is stable after sell off in recent days, with the euro rising slightly as a consequence.

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• The USD/CAD by contrast has continued its strong sell off after Canadian GDP came in above estimates yesterday.

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• The USD/JPY is reversing its recent sell off slightly, with small gains this morning.
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Coming up today:

• Coming up today we have UK manufacturing PMI at 09.30, with a small increase expected.

•
ADP non farm employment is are released at 13:15, with a gain of 154k expected.

•
US ISM manufacturing data follows at 15.00, with a slower expansion expected, followed by the FOMC statement at 19.00.

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Bet Idea:

The first day of the month has historically had a strong positive bi
as for world market and this could translate into more upside for pairs such as the NZD/USD which have been performing well recently.

A HIGHER trade predicting that the NZD/USD touches 0.8640 in the next 1 day could return 196% if successful

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This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

Summary: