Read the Daily Market Report from Dave Evans, Professional Trader
Euro slips further on Greek debt concerns
Morning Report: 08.15 London• This morning, the euro has slipped back further as investors continue to fret over Greece’s apparent debt death spiral. The EUR/USD is down 0.18%, with the EUR/GBP down 0.13%. The dollar index is on the rise as markets start the day with a ‘risk off’ bias.
Click here to view full-sized image • The yen continues to weaken, helping the yen pairs to rise. The USD/JPY is up 0.18%, with the GBP/JPY up 0.13%.
• Coming up today, we have UK manufacturing PMI at 09.30, with a drop to 48.1 expected.
• At 12.15, we have the delayed US ADP Non Farm Employment Change, with a drop to 138K expected. Unemployment claims are released at 12.30 and are expected to rise to 371k.
• US CB consumer confidence and ISM manufacturing PMI follows at 14.00.
Bet Idea:
• The AUD/JPY is right in the middle of the recent high at 83.50 and 82.0 as a number of cross currents buffet financial markets. Tomorrow we could see a resolution to this impasse with the release of US Non Farm Payrolls. A breakout seems likely, but the direction is uncertain.
Morning Report: 08.15 London• This morning, the euro has slipped back further as investors continue to fret over Greece’s apparent debt death spiral. The EUR/USD is down 0.18%, with the EUR/GBP down 0.13%. The dollar index is on the rise as markets start the day with a ‘risk off’ bias.Click here to view full-sized image
span>
Click here to view full-sized image
Click here to view full-sized image
• The yen continues to weaken, helping the yen pairs to rise. The USD/JPY is up 0.18%, with the GBP/JPY up 0.13%.
Click here to view full-sized image
Click here to view full-sized image
Coming up today:
• Coming up today, we have UK manufacturing PMI at 09.30, with a drop to 48.1 expected.
• At 12.15, we have the delayed US ADP Non Farm Employment Change, with a drop to 138K expected. Unemployment claims are released at 12.30 and are expected to rise to 371k.
• US CB consumer confidence and ISM manufacturing PMI follows at 14.00.
Bet Idea:
• The AUD/JPY is right in the middle of the recent high at 83.50 and 82.0 as a number of cross currents buffet financial markets. Tomorrow we could see a resolution to this impasse with the release of US Non Farm Payrolls. A breakout seems likely, but the direction is uncertain.
Click here to view full-sized image
A good way to play this might be a In/Out trade predicting that the AUD/JPY touches either 81.25 or 83.75 before the close on Friday for a potential return of 108%.
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
© COPYRIGHT 1999-2012 Regent Markets ALL RIGHTS RESERVED
–727ef622cc815529de6312d970457b59_myaff–
Related Posts: