BetOnMarkets Daily Market Report (24th August)

Read the Daily Market Report from Dave Evans, Professional Trader


	Gold slips to first loss in seven sessions Morning Report: 08.00 London • This morning, the US dollar is recovering after four days of losses. This strength is causing gold to slip back for the first time in seven sessions. The precious metal is down 0.34%. Click here to view full-sized image Click here to view full-sized image • The dollar’s strength is also helping the USD/JPY to rise after Wednesday’s sharp losses. Click here to view full-sized image Coming up today: • Coming up today we have UK revised GDP at 09.30. GDP is expected to be revised upwards to -0.5%. • US core durable goods follows at 13.30. Bet Idea: • The AUD/USD has been struggling this week, under performing the other major dollar pairs due to fears of a China slowdown. • The pair is sitting right on support around 1.0400. This holding for now, but it it breaks, there is potential for a rapid sell off early next week. A good way to play this might be a TOUCH TRADE predicting that the AUD/USD closes touches 1.0325 in 4 days time. This could return 155% if successful. Click here to view full-sized image Summary: This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. Click here to view full-sized image

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