Read the Daily Market Report from Dave Evans, Professional Trader
Dollar slips back as gold leads Morning Report: 08.00 London
• This morning, financial markets are mostly waiting on the speech from Ben Bernanke as the Jackson Hole symposium draws to a close. Markets are hoping for some strong hints that a third round of quantitative easing is on the cards.
• The only real movement out there today is from the Japanese yen, which is improving on yesterday’s gains. The USD/JPY is down 0.24%, with other pairs down around 0.2%.
• Today’s main item is Fed Chairman Bernanke’s speech at 15.00.
• We start the day with European CPI estimate and unemployment rate at 10.00.
• Canadian GDP follows at 13.30. At 14.45 we have Chicago PMI with UoM consumer sentiment at 14.55.
Bet Idea:
• Even just a hint of further Quantitative Easing from Bernanke could be enough for markets to keep their hopes up. This is far from guaranteed though and today could see some volatile trading as traders try to find some meaning in Bernanke’s speech.
Morning Report: 08.00 London
• This morning, financial markets are mostly waiting on the speech from Ben Bernanke as the Jackson Hole symposium draws to a close. Markets are hoping for some strong hints that a third round of quantitative easing is on the cards.
• The only real movement out there today is from the Japanese yen, which is improving on yesterday’s gains. The USD/JPY is down 0.24%, with other pairs down around 0.2%.
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• The biggest moving dollar pair is the NZD/USD which is down 0.10%.
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Coming up today:
• Today’s main item is Fed Chairman Bernanke’s speech at 15.00.
• We start the day with European CPI estimate and unemployment rate at 10.00.
• Canadian GDP follows at 13.30. At 14.45 we have Chicago PMI with UoM consumer sentiment at 14.55.
Bet Idea:
• Even just a hint of further Quantitative Easing from Bernanke could be enough for markets to keep their hopes up. This is far from guaranteed though and today could see some volatile trading as traders try to find some meaning in Bernanke’s speech.
Click here to view full-sized image
The EUR/JPY has been trading in a tight range in recent days, but today’s Bernanke speech could see a breakout from that range.
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Summary:
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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