BetOnMarkets Daily Market Report (3rd June)

Read the Daily Market Report from Dave Evans, Professional Trader


	Gold starts the month in front Morning Report: 08.30 London • This morning, financial markets are generally starting the new month on a positive note after May ended with a sell off into the close. Click here to view full-sized image • The dollar index is once again backing off, helping dollar pairs to rise, especially gold, which is up around 0.3%. Click here to view full-sized image Click here to view full-sized image • As the dollar slips, then yen gains more ground. The USD/ JPY is poised for its fourth straight day of declines, while the AUD/ JPYremains unchanged. Click here to view full-sized image Click here to view full-sized image • Elsewhere, the pound is outpacing the euro after weekend stories of slowing European interbank lending and 25% Eurozone unemployment. Click here to view full-sized image Coming up today: • Coming up today we have UK Manufacturing PMI at 09.30, followed by US ISM manufacturing at 15.00. Bet Idea: • The penultimate and first three days of the month have historically had a positive b ias. We are in the worst six months of the year statistically, though June does seem to buck this trend. With the euro showing impressive resilience in the face poor fundamentals, there could be room for upside in the next couple of days. Click here to view full-sized image A good way to play this could be a HIGHER trade predicting that the EUR/ USD closes above 1.3075 in 2 days time could return 135% 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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