BetOnMarkets Daily Market Report (26th October)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets lower after Apple profits warning Morning Report: 08.15 London • Financial markets are in ‘risk off’ mode this morning, after the world’s largest company, Apple released a profits warning ahead of Christmas. Stock market futures are falling, while the dollar index is back in favour. Click here to view full-sized image Click here to view full-sized image • The main mover is the Japanese yen as traders seek out traditional safe havens. The USD/JPY is down 0.44%, with the AUD/JPY the days main mover, down 0.85%. The EUR/JPY and GBP/JPY are not far behind at -0.59%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • As the dollar index recovers, gold is heading in the opposite direction, with the precious metal down 0.44%. Click here to view full-sized image Coming up today: • Coming up this morning, we have Spanish unemployment figures at 08.00. • Through the afternoon, we have US advanced GDP data, with an advance of 1.9% expected at 13.30. Revised UoM Consumer Sentiment follows at 14.55. Bet Idea: • The USD/JPY is falling back this morning after making strong gains this week. The could be some way to go though, as the sentiment against the yen has reached extreme levels. Click here to view full-sized image A good way to play this might be a LOWER trade predicting that the USD/JPY closes below 79.50 in 7 days time for a pote ntial return of 165%. Click here to view full-sized image This is presented as an idea to stimulate fixed odds financial betting ideas and is not f inancial advice. Summary: Click here to view full-sized image

–00acd60f43364d85f6b7c0ddd4561e2b_myaff–

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.