BetOnMarkets Daily Market Report (25th April)

Read the Daily Market Report from Dave Evans, Professional Trader


	Euro steady despite Spanish unemployment Morning Report: 08.30 London • Markets are steady this morning, with a bullish bias despite Spanish unemployment rising more than expected to an eye watering 27.2%. Right now hopes for some ECB largess are trumping the poor underlying economic data. • The dollar index is the main casualty this morning as traders move away from safe harbour positions. Gold is the big winner as it continues its upwards surge, while the NZD/USD rallies by 0.64%. The EUR/USD itself is steady at +0.33% this morning. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • Elsewhere, the yen continues to fight back, with the USD/JPYdipping yet to make a significant move towards the recent highs. Click here to view full-sized image Coming up today: • This morning we have UK GDP figures at 09.30, with a gain of 0.1% expected. • US unemployment claims follow at 13.30 with no change expected. Bet Idea: • While not quite signalling a trend reversal, there’s no doubt theUSD/JPY rally has stalled. Given the USD/ JPY’s solid rally in recent weeks, a short term pullback could be healthy her. Click here to view full-sized image • A LOWER trade predicting that the USD/JPY will close below 99.00 in 5 days time could return 110% 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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