BetOnMarkets Daily Market Report (22nd November)

Read the Daily Market Report from Dave Evans, Professional Trader


	China data boosts markets Morning Report: 08.15 London • This morning financial markets are on the rise again after Chinese PMI rose to its highest level since October 2011. The strong sentiment around Thanksgiving played out once again, helping major pairs to close at the highest last night, with follow through buying this morning. • The yen pairs are the main movers once again, with the EUR/JPY and AUD/JPY out in front again as the yen continues to slip back. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • The euro is the strongest currency over all, with the EUR/USD up 0.19%. span> Click here to view full-sized image Coming up today: • This morning we have a series of European manufacturing and services PMI data sets from 08.00. This starts with French flash manufacturing, followed by German data at 08.30 then European wide data at 09.00. • At 11.00 we have UK CBI industrial order expectations. • Canadian retail sale f ollow at 13.30. Bet Idea: • The AUD/JPY has continued its strong trend, with the pair set for its seventh day of gains. While this can’t continue forever, there’s certainly a strong bias for the AUD/JPY to close even higher in a couple of weeks time. The day after Thanksgiving also has a historical pattern of being positive for world markets. Click here to view full-sized image A HIGHER trade predicting that the AUD/JPY closes above 86.00 in 14 days time could return 139% 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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