BetOnMarkets Daily Market Report (25th July)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets waiting for cues. Morning Report: 08.15 London • After heavy selling yesterday, financial markets are flat this morning despite Australian inflation data coming in below estimates overnight. • The mai n mover so far is the NZD/USD which is down 0.23% after breaking through support levels in the small hours. Click here to view full-sized image • Aside from this pair though, the dollar is quit so far after the US dollar index hit the highs again yesterday. The USD/JPY is waiting for some direction today, while gold looks primed for a breakout. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • The AUD/JPY is worth watching today after bouncing off support in the early hours. Click here to view full-sized image • The EUR/USD has been as flat as a pancake in early trading as the pair finds support in the 1.20560 region. Click here to view full-sized image Coming up today: • Coming up today we have German Ifo business climate at 09.00 with a small drop in activity expected. • UK GDP is released at 09.30 with a drop of -0.2% expected. UK CBI industrial order expectations follow at 11.00. • Belgian business climate data is released at 14.00. • US new home sales follow at 15.00 with Treasury secretary Geithner speaking at the same time. Bet Idea: • The euro’s days look increasingly numbered, at least in its current form and line up, but that doesn’t exclude the possibility of some mini rallies in the short term. Away from the eurozone, the USD/CAD has rallied hard in the last three days as the US dollar dominates world currencies span>. Click here to view full-sized image • However, with markets potentially short term oversold and the US dollar index at overbought levels, there could be a correction due, with the USD/CAD a good pair to focus on A good way to play this might be a LOWER trade predicting that the USD/CAD closes below 1 .0180 in 2 days time (Friday) could return 114% 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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