BetOnMarkets Daily Market Report (28th November)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen pushes higher as markets focus on US fiscal cliff Morning Report: 08.15 London • This morning financial markets are slipping lower as attention returns to the dangers posed by the US fiscal cliff deadline. The Japanese yen is on the rise as investors shift their interest to perceived safer harbours. • The USD/JPY is is down 0.28%, the GBP/JPY down 0.34%, with the EUR/JPY off by 0.40%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • The dollar is also gaining ground today, forcing the EUR/USD down by 0.11%, with gold down by the same margin. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have US new home sales at 15.00, followed by crude oil inventories at 15.30 and the Beige book at 19.00. Bet Idea: • The USD/CAD has been travelling lower ever since it failed to pushing through the parity line in the middle of the month. Since then we’ve seen a pattern of big falls followed by some small rallies, leading to more selling. If this pattern continues, there could be some more downside to come. Click here to view full-sized image A good way to play this could be a LOWER trade predicting that the USD/CAD closes below 0.9925 in 2 days time for a potential return of 145%. 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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