Read the Daily Market Report from Dave Evans, Professional Trader
Markets pause after hitting fresh highs.
Morning Report: 08.30 London• After surging to fresh highs into the close last night, work stock markets are pausing for breath this morning, with currency markets following suit.
• The big mover this morning is the NZD/USD, dropping 0.66% overnight after poor PPI data late last night.
• The British pound continues to struggle, while the euro pushes higher on investor confidence that the eurozone crisis has peaked. The EUR/USD is up 0.20%, with the EUR/GBP up 0.19%.
• Coming up today we have UK claimant count change data, the release of the latest MPC minutes and unemployment figures all at 09.30.
• From 13.30 we have US building permits, PPI and housing starts. Then at 19.00, we have the release of the minutes from the last FOMC meeting.
Bet Idea:
• While stocks are reaching to new highs, there are some underlying indicators flashing red. The VIX options ‘fear’ index has hit a five year low, while at the same time a measure of institutional options purchases is implying an elev ated level of hedging from institutional investors. This implies that investors in general are becoming too complacent, while institutions are arming themselves against a decline.
• A short sharp drop could be in the offing in the next 30 days and the AUD/JPY could be the best place to play this.
Morning Report: 08.30 London• After surging to fresh highs into the close last night, work stock markets are pausing for breath this morning, with currency markets following suit.
• The big mover this morning is the NZD/USD, dropping 0.66% overnight after poor PPI data late last night.
Click here to view full-sized image
• The yen is on the move again, strengthening against the US dollar and other currencies for the second day in a row.Click here to view full-sized image
• The British pound continues to struggle, while the euro pushes higher on investor confidence that the eurozone crisis has peaked. The EUR/USD is up 0.20%, with the EUR/GBP up 0.19%.
Click here to view full-sized image
Click here to view full-sized image
Coming up today:
• Coming up today we have UK claimant count change data, the release of the latest MPC minutes and unemployment figures all at 09.30.
• From 13.30 we have US building permits, PPI and housing starts. Then at 19.00, we have the release of the minutes from the
last FOMC meeting.
Bet Idea:
• While stocks are reaching to new highs, there are some underlying indicators flashing red. The VIX options ‘fear’ index has hit a five year low, while at the same time a measure of institutional options purchases is implying an elev
ated level of hedging from institutional investors. This implies that investors in general are becoming too complacent, while institutions are arming themselves against a decline.
• A short sharp drop could be in the offing in the next 30 days and the AUD/JPY could be the best place to play this.
Click here to view full-sized image
A ONE TOUCH trade predicting that the AUD/JPY TOUCHES 92.50 in the next 33 days could return 276% if successful.
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 1999-2013 Regent Markets ALL RIGHTS RESERVED
–334348ee2ee181665e00647e82ca39c0_myaff–
Related Posts: