BetOnMarkets Daily Market Report (31st October)

Morning Report: 08.15 London

• This morning, financial markets have stabilised, with risk appetite on the rise. The dollar index is slipping lower as investors switch into riskier assets.

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• The main winner from this increased risk appetite is the Australian do
llar, with the AUD/JPY up 0.21%.



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• It’s not a uniformly positive day today though, as the NZD/USD drops 0.17%. 

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• Gold is travelling well though, with the precious metal up 0.20%.



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Coming up today:

• Coming up today, we have European CPI Flash Estimates at 10.00, with the unemployment rate released at th
e same time.

• At 12.30 we have Canadian GDP, with a steady increase of 0.2% expected.

• The US employment cost index is released at 12.30, with Chicago PMI out at 13.45.

Bet Idea:

• The Canadian dollar has been beaten up of late, with the USD/CAD trading around the August highs and the 1.0000 level. The US dollar has started to slip back in the last few days which could spark a sell off for the over brought USD/CAD.


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A good way to play this might be a LOWER trade predicting that the USD/CAD closes below 0.9950 in 3 days time for a potential return of 159%.

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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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