Read the Daily Market Report from Dave Evans, Professional Trader
Euro rebounds ahead of Fed
Morning Report: 08.00 London
• This morning, financial markets have a positive bias with the EUR/USD the best performing currency. ECB member Nowotny has helped reverse euro sentiment by stating that there are no specific plans for negative rates.
•The EUR/JPY is up 0.40%, with the EUR/USD up 0.30%.
• Today’s main item is of course US non farm payrolls, with activity expected to rise to 146k. Unemployment is expected to remain steady at 7.6%. We also have US ISM non manufacturing PMI at 15.00.
• Before this, we have UK services PMI at 09.30, we a small increase expected.
Bet Idea:
With the Non Farm Payrolls data due at 13.30, market reaction is likely to remain muted from this point forward. One trend worth noting is a general tendency for medium terms trends to persist following a release of the numbers and its ensuing volatility.
Euro rebounds ahead of Fed
Morning Report: 08.00 London
• This morning, financial markets have a positive bias with the EUR/USD the best performing currency. ECB member Nowotny has helped reverse euro sentiment by stating that there are no specific plans for negative rates.
• The EUR/JPY is up 0.40%, with the EUR/USD up 0.30%.
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• Gold is performing well as the dollar index backs off, with the precious metal up 0.58%
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Coming up today:
• Today’s main item is of course US non farm payrolls, with activity expected to rise to 146k. Unemployment is expected to remain steady at 7.6%. We also have US ISM non manufacturing PMI at 15.00.
• Before this, we have UK services PMI at 09.30, we a small increase expected.
Bet Idea:
With the Non Farm Payrolls data due at 13.30, market reaction is likely to remain muted from this point forward. One trend worth noting is a general tendency for medium terms trends to persist following a release of the numbers and its ensuing volatility.
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• A good way to play this could be on the EUR/USD with a HIGHER trade predicting that the pair closes above 1.3125 in 3 days time for a potential return of 127%.
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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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