BetOnMarkets Daily Market Report (30th May)

Read the Daily Market Report from Dave Evans, Professional Trader


	Gold rallies as investors take fright Morning Report: 09.15 London • Traders endured a negative Asian session, with Japanese Nikkei dropping more than 3% and the USD/JPY reaching its lowest level since the middle of the month. The dollar index continues to drop from the highs – leading the fortunes of the USD/JPY pair. Click here to view full-sized image Click here to view full-sized image • Elsewhere gold is profiting from the dollar weakness, rising more than 1% this morning. Click here to view full-sized image • Dollar pairs are generally quiet, though the AUD/USD is rallying from the lows, potentially recording two straight up days for the first time since the down trend began. Click here to view full-sized image Coming up today: • Coming up today we have Canadian current account data followed by US prelim GDP and US unemployment claims at 13.30. • US Pending home sales follow at 15.00. Bet Idea: • The EUR/GBP has been volatile of late, with a number of spikes to the upside. With the eur o crisis far from over and Britain’s monetary policy potentially about to shift with the new BOE governor, this volatility could well continue. Click here to view full-sized image A good way to play this could be a ONE TOUCH trade predicting that the EUR/GBP TOUCHES 0.8500 in 2 days time could return 109% if successful. 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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