BetOnMarkets Daily Market Report (25th September)

Morning Report: 08.15 London

• This morning, the euro is continuing to struggle as the enthusiasm for Draghi’s bailout plan, gives way to the reality of a struggling European economy.

• The euro is the top faller, with the main euro pairs down around 0.25%.

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• The yen continues to strengthen, with the USD/JPY on track for its fifth day of falls.

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Coming up today:

• We start the day with BBA mortgage approvals data at 09.30.

• Canadian retail sales follow at 13.30.

• The main event will be ECB president Draghi speaking at 14.00.

• US consumer confidence is released at the same time.



Bet Idea:

• The British pound is holding up remarkably well compared to its European cousin.



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• This is either a sign of underlying strength or a sign that traders should be wary of a sharp fall as reality catches up.

• With the dollar index still sharply over sold, a good bet could be on the latter condition.

A good way to play this might be a ONE TOUCH trade predicting that th
e GBP/USD touches 1.6175 in the next five days for a potential return of 208%.



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This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.  

Summary:

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