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BetOnMarkets Daily Market Report (21st September)
September 21, 2012 8:29 amVideo
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Morning Report: 08.30 London
• This morning, financial markets are the rise as the Financial Times reports that a Spanish bailout plan will be revealed on Thursday. Markets are wanting to put a lid on this issue, but the Spanish question is still a hot one with passions for an independent Catalonia running high.
• The Australian dollar is enjoying buying interest this morning, with the AUD/USD rising 0.32% in early trading. The AUD/JPY is not far behind, up 0.21%.
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• The EUR/USD is up 0.13%, with the GBP/USD up 0.19%
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Coming up today:
• Coming up today we have UK public sector net borrowing at 09.30 with an increase of 13.2 bn expected.
Bet Idea:
• Gold has been on a strong bull run since the start of August. There have been some quiet periods, but these have been pauses for breath rather than significant pull-backs.
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• The precious metal cannot go up forever, but there may be room for another spurt before a significant sell off sets in.
A HIGHER trade predicting that Gold closes above $1780 in 7 days time could return 133% 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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