BetOnMarkets Daily Market Report (20th May)

Read the Daily Market Report from Dave Evans, Professional Trader


	Dollar peels back from highs Morning Report: 08.00 London • This morning, the dollar index is pulling back from the highs, helping the NZD/ USD and AUD/ USD to push up from multi month lows. Click here to view full-sized image Click here to view full-sized image • The NZD/USD is particularly strong after NZ finance minister English said that borrowers shouldn’t expect rates to stay low permanently. • The USD/JPY also strengthened after a morning gap higher. Japanese economic minister Amari suggested that the yen’s correction has now been corrected and added that further weakness could be detrimental. Click here to view full-sized image Coming up today: • We’ve slow day for the economic calendar with FOMC member Evans speaking at 18.00. Bet Idea: • The USD/JPY often response well to (inferred) economic policy announcement, which is why this morni ng’s strength in the yen could be telling. Click here to view full-sized image A lower trade predicting that the USD/JPY will close below 102.00 in 10 days time could return 125% 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

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