BetOnMarkets Daily Market Report (24th September)

Read the Daily Market Report from Dave Evans, Professional Trader


	Commodities drop on growth & euro concerns Morning Report: 08.30 London • This morning, commodities and commodity related currencies are on the back foot as traders fret over lower expected growth for the world economy. • The biggest casualty has been gold, which is down 0.76%. Click here to view full-sized image • Commodity related currencies and those with the biggest exposure to China are also suffering, with the AUD/JPY down 0.49% and the NZD/USD down 0.69%. Click here to view full-sized image Click here to view full-sized image • The euro holding up relatively well, with the EUR/JPY down 0.34% and the EUR/USD down 0.24% so far this morning. Click here to view full-sized image Coming up today: • Today’s main item is German ifo business climate at 09.00 with a slight rise expected. Bet Idea: • The post Fed euphoria is unwinding and may continue to unwind until there is a proven impact on world growth. Until then, the AUD/USD may suffer, making a LOWER trade attractive here. Click here to view full-sized image A LOWER trade predicting that the AUD/USD closes below 1.0400 in 2 days time could return 127%. 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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