BetOnMarkets Daily Market Report (25th October)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets set for UK GDP boost Morning Report: 08.15 London • This morning, financial markets are on the rise, with the main risk on pairs leading markets higher. The AUD/JPY is up 0.62%, the EUR/JPY up 0.61% and the GBP/JPY up 0.51%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • All of these moves are helped by the ongoing weakness in the yen as well as the dollar ind ex backing off. The USD/JPY is up 0.39%, with the NZD/USD up 0.44% and gold up 0.52%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have UK GDP figures at 09.30, with a rise of 0.6% expected. • At 13.30 we have core durable goods orders, with unemployment claims released at the same time. Pending home sales are released at 15.00. Bet Idea: • Yesterday the EUR/GBP dropped sharply after David Cameron’s hint about ‘good news’ was interpreted as meaning that he’d seen the advanced GDP figures and they were impressive. Click here to view full-sized image • Today’s figures may well indeed show that the UK economy is out of recession, but it’s unlikely to be a straight line from here. There may be a good opportunity to ‘sell the fact’ here as markets could be getting ahead of themselves. A good way to play this could be a HIGHER trade predicting that the EUR/GBP closes above 0.8100 in 1 days time for a potential return of 111% 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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