Read the Daily Market Report from Dave Evans, Professional Trader
 
 

Euro rallies on Spain bailout hopes


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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