BetOnMarkets Daily Market Report (22nd November)

Read the Daily Market Report from Dave Evans, Professional Trader


	Dollar weaker as hopes rise Morning Report: 08.15 London • Financial markets have a positive bias this morning as hopes rise for a deal for Greece and for the EU budget. The dollar index is dropping off as investor demand for safe havens softens. The main movers this morning are the consequently the dollar pairs, with the NZD/USD up 0.26%, the AUD/USD up 0.2% and the the EUR/USD up 0.18%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have German Ifo business climate at 09.00, with the EU economic summit running throughout the day. • At 13.30 we have Canadian core CPI. Bet Idea: • Betting against the yen slump has not been a profitable strategy in recent weeks, but there are signs that the USD/JPY could finally be app roaching a tipping point. • The pair is approaching the point that has triggered reversals in the last year as the monthly chart below indicates. span> Click here to view full-sized image A good way to play this might be a LOWER trade predicting that the USD/JPY closes below 81.75 in 30 days time for a potential return of 121%. 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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