BetOnMarkets Daily Market Report (22nd August)

Read the Daily Market Report from Dave Evans, Professional Trader


	BHP profit fall hurts Aussie dollar Morning Report: 08.00 London • This morning the Australia dollar is suffering after mining giant BHP showed a fall in profits. The movement is exaggerated by the US dollar rebounding after yesterday’s big falls. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • Gold is bucking the trend, managing to nudge up by around 0.1%. Click here to view full-sized image Coming up today: • Today we have Canadian retail sails at 13.30. • Following this we have US existing home sales at 15.00, followed by crude oil inventories at 15.30. • The FOMC meeting minutes follow at 19.00. Bet Idea: It was a very poor day for the US dollar yesterday, but the Canadian dollar still failed to make much progress with the USD/CAD rising. Click here to view full-sized image If yesterday’s sudden surge in optimism is to correct itself slightly as expected, the weaker Canadian dollar could see further falls. A good way to play this might be a HIGHER trade predicting that the USD/CAD closes above 0.9925 in 7 days time for a potential return of 129%. Click here to view full-sized image Summary: This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. Click here to view full-sized image

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