BetOnMarkets Daily Market Report (21st January)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen pushes higher ahead of BoJ meeting Morning Report: 08.30 London • This morning European stock markets are flirting with two year highs. Despite this apparent optimism, the ‘risk off’ barometer the Japanese yen is on the rise. This comes ahead of Tuesday’s Bank of Japan meeting where the panel are expected to inject more liquidity into the system. This move has been widely expected for some time and its thought that the yen pairs are pushing lower as traders sell off positions that were made in advance anticipation of this activity. • The USD/JPY is down 0.62%, with the EUR/JPY off by 0.55%. Click here to view full-sized image Click here to view full-sized image • The Canadian dollar is also struggling, with the USD/CAD up 0.26%. Click here to view full-sized image Click here to view full-sized image Coming up today: • Today look for headlines coming from the latest eurogroup meetings. Bet Idea: • The GBP/USD is rebounding off the November lows this morning, but this could be a temporary reprieve against the general trend of pound weakness. Click here to view full-sized image There could be more downside to come and a LOWER trade on the GBP/USD predicting that the pair closes LOWER than 1.5825 in 4 days time could return of 170%. 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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