Read the Daily Market Report from Dave Evans, Professional Trader
Markets wary ahead of FOMC
Morning Report: 08.30 London• This morning, world markets appear wary ahead of a busy day on the economic calendar. Today sees the release of US GDP, ADP economic change and the latest FOMC statement – Little wonder that stock markets are little moved this morning.
• The dollar index is flat, but the yen is weakening once again, helping the EUR/JPY push to fresh highs, with the USD/JPY and GBP/JPY lagging behind but still firmly in the black today.
• The dollar pairs are relatively quiet with the exception of the NZD/USD which is selling off ahead of tonight’s rate statement and gold which is pushing higher for the second day in a row.
• Coming up today, we have European retail sales, and unemployment rate at 10.00, followed by Germany factory orders at 11.00.
Bet Idea:
• The British pound has lagged its European neighbour by some margin in recent weeks, but ther e are signs that this as gone a little too far. There’s good potential for the GBP/USD to recover from here and a HIGHER trade could be a good way to play this.
Morning Report: 08.30 London• This morning, world markets appear wary ahead of a busy day on the economic calendar. Today sees the release of US GDP, ADP economic change and the latest FOMC statement – Little wonder that stock markets are little moved this morning.
• The dollar index is flat, but the yen is weakening once again, helping the EUR/JPY push to fresh highs, with the USD/JPY and GBP/JPY lagging behind but still firmly in the black today.
Click here to view full-sized image
Click here to view full-sized image
• The dollar pairs are relatively quiet with the exception of the NZD/USD which is selling off ahead of tonight’s rate statement and gold which is pushing higher for the second day in a row.
Click here to view full-sized image
Click here to view full-sized image
Coming up today:
• Coming up today, we have European retail sales, and unemployment rate at 10.00, followed by Germany factory orders at 11.00.
Bet Idea:
• The British pound has lagged its European neighbour by some margin in recent weeks, but ther
e are signs that this as gone a little too far. There’s good potential for the GBP/USD to recover from here and a HIGHER trade could be a good way to play this.
Click here to view full-sized image
A HIGHER trade predicting that the GBP/USD closes above 1.5800 in 14 days could return 135%.
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This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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