BetOnMarkets Daily Market Report (26th November)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen leads in early trading Morning Report: 08.15 London • After markets staged a powerful rally into the close on Friday, ‘risk on’ assets are on the back foot this morning. The main winner has been the Japanese yen which finally looks as though it may have a solid rally for the first time in over seven days. • The USD/JPY is off by 0.43%, with the EUR/JPY and GBP/JPY off by 0.47%. Click here to view full-sized image Click here to view full-sized image • Gold is also suffering from profit taking after a strong rally on Friday. Click here to view full-sized image Coming up today: • Today we have the conclusion of the Eurogroup meeting (hopefully), with German GfK consumer climate the only item of note at 12.00. Bet Idea: • The yen is finally starting to show some fight this week after suffering significant selling pressure in the last two weeks. While it’s been hard to fight the flow in previous days, we could finally be at a point where the pressure reverses the other way. span> Click here to view full-sized image A good way to play this might be a LOWER trade on the USD/JPY predicting that the pair closes below 81.75 in 7 days time for a potential return of 139% 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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