BetOnMarkets Daily Market Report (30th November)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen sinks as Japan unveils stimulus package Morning Report: 08.00 London • This morning the main movement is on the yen pairs after the Japanese government moved early to action a 880bn yen stimulus package ahead of up coming elections. The USD/JPY is down by 0.43%, with the EUR/JPY the stand out performer, rallying 0.76%. Click here to view full-sized image Click here to view full-sized image • Markets are enjoying a positive day overall, with S&P 500 futures on the rise, the dollar index falling and gold rising. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • The euro is strong across the board, not just against the yen, with the EUR/USD up by 0.33% and the EUR/GBP by 0.23%. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today, we have ECB president Draghi speaking at 08.00. • European CPI flash estimate follows at 10.00, with the unemployment rate released at the same time. • From 13.30 we have US core PCE price index and personal spending data, followed by Chicago PMI at 14.45. Bet Idea: • The AUD/JPY is getting a boost today after under performing in recent days. World stock markets are now entering one of their most posit ive periods and as one of the main ‘risk on’ pairs, the AUD/JPY could benefit. Click here to view full-sized image A HIGHER trade predicting that the AUD/JPY will close higher than 86.50 on December 31st could return 140% 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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