BetOnMarkets Daily Market Report (24th May)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen surges on Bank of Japan comments Morning Report: 08.00 London • Overnight Asian stock markets have sold off after the Bank of Japan suggested that it wouldn’t be increasing its bond buying program. The yen has been given an immediate lift while the Australian dollar has been hit by further selling. Click here to view full-sized image • The AUD/JPY is off by 0.86%, while the AUD/USD down 0.65%. Click here to view full-sized image Click here to view full-sized image • The dollar pairs are generally stable though, with the dollar index continuing yesterday’s weakness. Click here to view full-sized image Coming up today: • Coming up today we have German Ifo business climate date followed by Buba president Weidman speaking at 11.00. • UK BBA mortgage approval data is released at 09.30, with US core durable goods orders at 13.30. Bet Idea: • The euro has continued to appreciate against the pound this week, but the EUR/GBP is fast approaching key resistance levels. Click here to view full-sized image • This could put a lid on further upside in the short term, especially with Europe never far from a crisis. Click here to view full-sized image A good way to play this is a LOWER trade predicting that the EUR/GBP closes below 0.8550 in 7 days time for a potential return of 119%. 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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