BetOnMarkets Daily Market Report (1st October)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets dip after China manufacturing slows Morning Report: 08.15 London • This morning, financial markets have started the week on the back foot after Chinese manufacturing came in slightly below estimates, continuing its slowdown. • The main movement this morning is on the yen pairs, with the USD/JPY down 0.19%, the EUR/JPY down 0.25% and the AUD/JPY down 0.31%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • Gold is also falling, with the precious metal down 0.31%. Click here to view full-sized image Coming up today: • This morning, we have UK manufacturing PMI at 09.30, with net lending to individuals released at the same time. • European unemployment rate numbers are released at 10.00. • At 15.00 we have ISM manufacturing PMI, with Fed chairman Bernanke speaking at 17.30. Bet Idea: • While the rally came off the boil towards the end of last week, we haven’t really seen a sustained sell off yet. • A pair with significant downside potential is the GBP/JPY, especially if recent support breaks. Click here to view full-sized image A good way to play this might be a LO WER trade on the GBP/JPY predicting that the pair closes below 125.00 in 3 days time for a potential return of 231%. **** 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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