BetOnMarkets Daily Market Report (20th August)

Read the Daily Market Report from Dave Evans, Professional Trader


	Euro leads positive start to week Morning Report: 08.00 London • This morning the euro is pushing higher in relatively benign trading conditions. The EUR/USD is up 0.21%, with the NZD/USD and AUD/USD up by a similar margin. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • The British pound is lagging though, with the EUR/GBP up 0.12%. Click here to view full-sized image • Gold is also benefiting from the from the general uplift this morning, with the precious metal up 0.17%. Click here to view full-sized image Coming up today: • There is nothing of note on the economic calendar today. Bet Idea: This morning, the GBP/USD is lagging behind other dollar pairs, despite reports that UK GDP will be revised upwards after the first flash estimates. It’s quite likely that GDP will be r evised upwards, but this is unlikely to be by enough to change the general picture of an economy going nowhere fast. Click here to view full-sized image Click here to view full-sized image With resistance forming overhead, now could be a good time for a LOWER trade predicting that the GBP/USD closes below 1.5650 in 7 days time for a potential return of 191%. Click here to view full-sized image Summary: This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. Click here to view full-sized image

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