BetOnMarkets Daily Market Report (24th April)

Read the Daily Market Report from Dave Evans, Professional Trader


	Gold recovery back on track Morning Report: 08.30 London • This morning there is a positive bias as stock markets rise at the open and gold erases most of yesterday’s gains. Click here to view full-sized image • The yen pairs are showing signs of strength as risk appetite returns. Click here to view full-sized image Click here to view full-sized image • Dollar pairs are mixed though, with the AUD/USD lagging the NZD/USD after weaker than expected CPI numbers. 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 a dip expected. • In the UK, CPI realised sales are released at 11.00. • From 13.30, we have US core durable goods, which are expected to rise by 0.5%. Bet Idea: • The euro is still struggling today despite expectations that an Italian interim Prime Minister will be elected. Market expectations for the ECB may have got to far ahead of themselves, meaning some potential downside here for the EUR/USD. Click here to view full-sized image • A LOWER trade predicting that the EUR/USD closes below 1.2950 in 5 days time could return 174% 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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