BetOnMarkets Daily Market Report (3rd December)

Read the Daily Market Report from Dave Evans, Professional Trader


	China data boosts markets Morning Report: 08.00 London • Financial markets are on the rise this morning after Chinese manufacturing data came in better than expected. It was also a weekend which largely saw significant bad news from the eurozone. Gold is rising as the dollar index backs off. Click here to view full-sized image Click here to view full-sized image • The main mover is the Australian dollar which is falling despite the strong China data, primarily due to poor Australian retail sales data. Click here to view full-sized image • The euro is travelling well, especially against the British pound which is lagging again this morning. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have more meetings in Europe, with another round of Eurogroup meetings. • UK manufacturing follows at 09.30. • US ISM manufacturing follows at 15.00. Bet Idea: • The euro has been performing well in the last week as the latest crisis is averted and the hard decisions kicked into the long grass once again. With December historically offering a benign trading environment, there could be further upside to come for the euro. Click here to view full-sized image A good way to play this might be a HIGHER trade predicting that the EUR/USD closes above 1.3100 on the 28th of December for a potential return of 139%. 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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