BetOnMarkets Daily Market Report (2nd November)

Read the Daily Market Report from Dave Evans, Professional Trader


	Dollar leads ahead of US Payrolls Morning Report: 08.15 London • This morning, the US dollar index is on the rise as traders head for safer assets ahead of US Non Farm Payroll data. The main loser is the AUD/ USD as it heads back from the highs. span> Click here to view full-sized image span> Click here to view full-sized image • Other dollar pairs are also suffering, including the EUR/ USD, USD/ JPY and gold. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have Spanish manufacturing PMI at 08.15. UK construction PMI follows at 09.30. • The day’s main activity is US Non farm employment change and unemployment rate, both released at 12.30. Canadian employment data is released at the same time. Bet Idea: • The USD/ JPY has been rising over the last three days as traders switch from the weakening yen. Today’s Non Farm Payroll is something of a lottery, but with the USD/ JPY hitting overhead resistance, there is some downside potential. Click here to view full-sized image A good way to play this might be a In/Out trade predicting that the AUD/JPY touches either 81.25 or 83.75 before the close on Friday for a potential return of 108%. 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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