BetOnMarkets Daily Market Report (23rd April)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets slip on China manufacturing plunge Morning Report: 08.30 London • This morning world markets have slipped into reverse mode after Chinese manufacturing came in well below estimates and German manufacturing & services date shrank more than expected. • The news has added more fuel to the yen resurgence that started yesterday. The EUR/JPY is down 1.22%, with the AUD/JPYdown 1.11% and the off by 0.75 %. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • Elsewhere, one of the main ‘risk on’ pairs, the NZD/USD is off by 0.67%, while the EUR/USD drops by 0.48%. Click here to view full-sized image Click here to view full-sized image • Gold is also falling for the first time in six sessions. Click here to view full-sized image Coming up today: • Today we have UK public sector net borrowing at 09.30 with an increase to 14 bn expected. • From 13.30, we have Canadian core retail sales, with BOC gov Carney speaking at 13.45. • US new home sales follow at 15.00. Bet Idea: • The NZD/USD is selling off heavily this morning, but has still outperformed its neighbour the AUD/USD of late. Click here to view full-sized image • The law of averages could see the NZD/USD come back into line with its neighbour’s performance soon making a ‘LOWER’ trade attractive here. • A LOWER trade predicting that the NZD/USD is closes below 0.8325 in 6 days time could return 164% 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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