BetOnMarkets Daily Market Report (26th March)

Read the Daily Market Report from Dave Evans, Professional Trader


	Euro stable despite continued bank closure Morning Report: 08.30 London • This morning, markets are stable after some late session volatility in the US last night. Cyprus still dominates the news flow, with banks now expected to close until Thursday. • There’s little movement out there this morning as traders are wary of stepping on any news lan dmines. Gold is down 0.14% as the dollar index recovers sharply from the lows yesterday. Click here to view full-sized image Click here to view full-sized image • Elsewhere, the AUD/JPY is sitting right on its moving average after breaking below that level briefly yesterday. Click here to view full-sized image Coming up today: • UK Chancellor Osborne speaks this morning at 10.00, with UK CBI realised sales at 11.00. • US Core durable goods follow at 12.30, with CB consumer confidence due at 14.00 and new home sales due at the same time. Bet Idea: • The EUR/USD swung sharply lower from the highs yesterday and with the pair sitting right on support around 1.2850. Will this hold or break? One thing for sure is that the European situation is a tinder box ready to set fire. Click here to view full-sized image • The risk here is still to the downside and a ONE TOUCH trade could be the best way to play this. A ONE TOUCH trade predicting that the EUR/USD will touch 1.2725 at some point in the next 5 days could return 134%. 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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