BetOnMarkets Daily Market Report (28th January)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen pairs dip in mixed Monday trading Morning Report: 08.30 London • This morning the yen pairs heading lower after a mixed session for Asian markets. The biggest movers is the British pound as traders react to the recent GDP disappointment and the prospect for a triple dip recession. The GBP/JPY is down 0.53% with the GBP/USD down 0.23%. Click here to view full-sized image Click here to view full-sized image • The pound is not alone in feeling the pressure this morning, with the EUR/JPY down 0.46%. Click here to view full-sized image • The dollar pairs are also feeling the pressure as the dollar index advances. The NZD/USD is off by 0.20%. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have US core durable goods orders at 13.30, with pending home sales at 15.00. Bet Idea: • The EUR/GBP has rallied hard today, with the pair set for its largest pips gain since the 2008 crisis. While the outlook for the UK economy is uncertain, the Eurozone is no picnic either. Click here to view full-sized image There’s downside potential here over the coming month and a good way to play this could be a LOWER trade predicting that the EUR/GBP closes below 0.8500 on Feb 28th for a potential return of 136%. 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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