BetOnMarkets Daily Market Report (22nd January)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen rallies after BoJ action Morning Report: 08.30 London • In the early hours this morning, the Bank of Japan adopted a 2% inflation target and agreed to unlimited asset purchases. Rather than weakening, the yen is strengthening for a second day. The USD/JPY is down 0.85%, with the GBP/JPY off by 0.89%. Click here to view full-sized image Click here to view full-sized image • The pound is the standout weakest currency, with the EUR/GBP off by 0.35%. Click here to view full-sized image • The dollar pairs are on the rise as the dollar index slips as the AUD/USD rallies 0.48%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image Coming up today: • We’ve a busy day ahead today, starting with UK public sector net borrowing at 09.30. • German and European economic sentiment figures follow at 10.00. • US existing home sales follow at 15.00. • Finally, ECB president Draghi speaks at 18.00. Bet Idea: • There is still strong potential potential for a longer term USD/JPY decline, but in the short term, a rebound higher is looking likely. Click here to view full-sized image A good way to play this could be a HIGHER trade predicting that the USD/JPY closes higher than 89.25 in 1 days time for a potential return of 126% 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

–50ad758ed6e6b03d68e2e6431b770cb3_myaff–

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.