BetOnMarkets Daily Market Report (25th March)

Read the Daily Market Report from Dave Evans, Professional Trader


	Euro nudges higher as Cyprus bailout confirmed Morning Report: 08.30 London • This morning a new Cyprus bailout has been confirmed with small depositors now protected. The news has been greeted with a lukewarm response from markets with the euro pushing higher with mild support. There is some optimism out there today, with the S&P 500 reaching back to the highs, but it is certainly a cautious optimism. • The EUR/GBP is up 0.27%, the EUR/JPY up 0.26% with the EUR/USD up around 0.22%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image Coming up today: • The day’s only real announcement of note is FOMC chairman Ben Bernanke speaking at 17.15. Bet Idea: • The euro is higher this morning though without much enthusiasm. One potential reason for this is the one step forward, one step back history of European politics. Click here to view full-sized image • There could be potential for a pull back here on the EUR/USD as traders sell off on the news. • A LOWER trade on the EUR/USD to close below 1.2950 could return 159% 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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