BetOnMarkets Daily Market Report (28th March)

Read the Daily Market Report from Dave Evans, Professional Trader


	Pound leads cautious recovery Morning Report: 08.30 London • There is an air of cautious optimism this morning despite the imposition of strict capital controls across Cyprus. • The British Pound is leading with March house prices coming in unchanged and consumer confidence coming in slightly better than expected. Click here to view full-sized image • The euro is also recovering after hitting a four month low against the US dollar yesterday. Click here to view full-sized image • The yen pairs are noticeably weak though as the yen continues to find support from traders looking for safe havens. Click here to view full-sized image Coming up today: • Coming up today we have German unemployment change at 08.55, followed by European money supply data. • From 12.30, we switch to North America, with Canadian and US GDP released alongside US unemployment claims. Bet Idea: • The USD/JPY has been dropping lower in recent weeks, despite the US dollar index surging towards the highs. Click here to view full-sized image • The pair is still looking a tad over bought, which creates some downside potential here. • A LOWER trade on the USD/JPY predicting that it will close below 93.75 in 5 days time could return 142% if successful. 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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