BetOnMarkets Daily Market Report (23rd January)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen dominates early trading Morning Report: 08.30 London • The Japanese yen continues to dominate early trading following the Bank of Japan meeting on Tuesday. The EUR/JPY is the morning’s biggest faller, down 0.71% with other yen pairs showing similar if less pronounced moves. Click here to view full-sized image Click here to view full-sized image • The euro is weak across the board this morning, with the EUR/USD the softest dollar pair, down 0.25%. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today, we have UK claimant count change data, and the release of the minutes from the last MPC meeting at 09.30. • From 15.00, Canada comes under focus with the latest Bank of Canada rate statement and conditions survey. Bet Idea: • Stock markets continue to look ‘toppy’ with a pull back on the cards. This could impact the main ‘risk on’ currency pair, the AUD/JPY which has been holding up well in recent days. The rising 12 period moving average is sitting below the price at the mom ent, but after a successful test last week, there could be more momentum for a downside move this week. Click here to view full-sized image A LOWER trade predicting that the AUD/JPY closes below 93.00 at the close on Friday could return 117% 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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