BetOnMarkets Daily Market Report (22nd February)

Read the Daily Market Report from Dave Evans, Professional Trader


	Gold leads rebound as traders buy the dip Morning Report: 08.30 London • This morning, financial markets are rebounding off yesterday’s lows, but it remains to be seen just how much momentum markets have in them. Gold is leading the charge, up 0.44%, helped by the dollar index falling back from five month highs. Click here to view full-sized image Click here to view full-sized image • The yen pairs are also enjoying a rebound as demand for safe havens abates. The major pairs are all up around 0.35%-0.4%. It’s worth noting the AUD/JPY rallying to trade just under the short term moving average that previously acted as support. A strong close above this level could speak volumes. Click here to view full-sized image Click here to view full-sized image Coming up today: • The morning’s key event should be the 09.30 German Ifo business climate which is expected to come in at 104.9. • Following this we have the latest EU economic forecast at 10.00. • Canadian CPI and retail sales data follow at 1 3.30. Bet Idea: • Markets have a strong short term rebound potential right now and this is already starting to take shape across most pairs. The AUD/USD is strangely lagging though which opens up some potential for an upside bet. Click here to view full-sized image A HIGHER trade predicting that the AUD/USD closes above 1.0325 at Monday’s close could return 167% if successful. 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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