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BetOnMarkets Daily Market Report (21st November)
November 21, 2012 9:11 amVideo
Latest News
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- Forecast for AUD/USD on April 18, 2024 April 18, 2024
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Morning Report: 08.15 London
• The euro is under pressure this morning after Eurogroup officials failed to reach an agreement on Greek debt. Officials are claiming that it is a mere ‘technicality’ that is holding back the final decision, but it is disappointing for markets either way.
• The EUR/USD is off by 0.38%, with the EUR/GBP down by 0.39%.
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• The dollar index is having a strong morning, with the NZD/USD off by 0.39%.
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Click here to view full-sized image
• The yen continues to weaken with the USD/JPY up by 0.47%, helping to force the GBP/JPY up by 0.32%.
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Click here to view full-sized image
Coming up today:
• US unemployment claims follow at 13.30, with 415k expected. US flash manufacturing PMI and revised UoM consumer sentiment follow from 14.00.
Bet Idea:
• Today is the day before Thanksgiving, a period with a seasonal bullish bias. This could add further fuel to the AUD/JPY which has been pulling ahead in recent days.
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A good way to play this could be a ONE TOUCH trade predicting that the AUD/JPY TOUCHES 85.75 in the next 2 days for a potential return of 197%
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Summary:
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