BetOnMarkets Daily Market Report (20th December)

Morning Report: 08.30 London

• Markets have opened up on the back foot this morning as US fiscal cliff talks take a turn for the worse. Safe harbour assets are in deman
d, in particular the Japanese yen which is pushing higher after the Bank of Japan extended its asset purchase program.

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• The NZD/USD is pushing higher despite New Zealand GDP coming in below expectations last night.

• Gold is also on the rise, with the precious metal finding support in the $1660 region.

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Coming up today:

• Coming up today, we have UK retail sales at 09.30.

• We then have a gap until Canadian retail sales, US GDP and unemployment claims all at 13.30.

• US existing home sales follow at 15.00, with the Philly Fed released at the same time.

Bet Idea:

• The yen is on the
rise this morning after the BoJ extended their stimulus plan. This could be one of the last known hurdles holding back the yen and after a sustained slump, there could be more upside for the Japanese currency.

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A LOWER trade predicting that the USD/JPY closes below 83.50 in 11 days time could return 203% 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:


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