BetOnMarkets Daily Market Report (30th August)

Read the Daily Market Report from Dave Evans, Professional Trader


	Kiwi dollar leads in mixed trading Morning Report: 08.00 London • This morning, the New Zealand dollar is leading markets higher, but looking across the board, it’s a decidedly mixed picture so far. The NZD/USD is the leader this morning, as the Kiwi continues to out perform the Australian dollar. The Aussie has continued to weaken on fears of a China slow down. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image ~~span>~~ • Stocks are heading lower this morning, but markets are still constrained by an unusually tight trading range. Click here to view full-sized image • The euro is pushing higher, but resistance still looms just overhead. Click here to view full-sized image Coming up today: • Coming up today, we have UK net lending to individuals figures, with a rise to 0.9bn expected. • US unemployment claims follow at 13.30 with a slight drop to 370k expected. Personal spending data is released at the same time. • Italian 10 year bond auctions run throughout the day. Bet Idea: • The EUR/GBP looks to be ending August on a high, as the pair looks to end the longer term down trend. Click here to view full-sized image Click here to view full-sized image • There is resistance in the 0.7950 region overhead, but if this can be broken, there is further upside to come. A HIGHER trade predicting that the EUR/GBP closes above 0.8000 in 14 days time could return 286% if successful. Summary: This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. Click here to view full-sized image

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