BetOnMarkets Daily Market Report (29th May)

Read the Daily Market Report from Dave Evans, Professional Trader


	Potential China slowdown spooks markets Morning Report: 09.15 London • Financial markets are on the slide this morning as investors fret over another downbeat China growth report from the IMF. This alone would be enough to send the Australian dollar into a spin, but we have also had weaker than expected Aussie construction work done and analysts predicting further rate cuts by the RBA. • The AUD/JPY is down a chunky 1.07%, with the AUD/USD continuing its down trend. Click here to view full-sized image Click here to view full-sized image • The yen is strong overall, with the US dollar selling off. The USD/JPY is down 0.59%, helping to push gold higher by 0.46% and the dollar pairs such as the GBP/USD into the black Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image Coming up today: • From 09.00, we have European M3 money supply, preceded by German unemployment change at 08.55. • At 10.30 we have a speech from MPC member bean, with CBI realised sales at 11.00. • Canada comes into focus at 15.00, with the latest BOC rate statement. Bet Idea: • With analysts predicting further rats cuts in Australia and weak economic date, the AUD/ U SD down trend could extend even further. Click here to view full-sized image A good way to play this could be a LOWER trade predicting that the AUD/ USD will close below 0.9500 in 5 days time could return 184%. 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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