BetOnMarkets Daily Market Report (25th January)

Read the Daily Market Report from Dave Evans, Professional Trader


	All eyes on UK GDP Morning Report: 08.30 London • The British pound has come under some pressure this week, with the EUR/GBP rising over 1% over the last four days. This morning, we have the release of the latest UK GDP figures, with analysts expecting a post Olympic 0.1% drop in activity. Click here to view full-sized image • span>By contrast, the euro has been strong all week, with the EUR/JPY within sight of the Feb 2011 highs. The yen pairs are still weak, but it’s the EUR/JPY that leads the pack. Click here to view full-sized image • The dollar index has dropped off this morning, helping the dollar pairs to hold steady and gold to push higher after falling yesterday. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image Coming up today: • Aside from the aforementioned UK GDP figures at 09.30, we have Canadian core CPI at 13.30 and US new home sales at 15.00. Bet Idea: • The USD/CAD shot higher after this week’s Bank of Canada meeting, with the pair punching through the parity line for the first time since November. The USD/CAD rarely breaks cleanly through the 1.0000 level, so there could be some short term pullbacks in the offing. Click here to view full-sized image A good way to play this could be ONE TOUCH trade predicting that the USD/CAD will dip back below 1.0000 and touch 1.9985 in 3 days time for a potential return of 142%. 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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