BetOnMarkets Daily Market Report (3rd October)

Read the Daily Market Report from Dave Evans, Professional Trader


	Aussie dollar plunges on trade balance data Morning Report: 08.15 London • There’s a negative bias in the morning’s trading after Australian trade balance came in well below estimates. The AUD/USD is down 0.56%, with the AUD/JPY down 0.46%. The NZD/USD is the day’s biggest faller, down 0.64%. Click here to view full-sized image Click here to view full-sized image • The EUR/USD is also struggling, with the pair down 0.15%. Click here to view full-sized image Coming up today: • Coming up today we have UK services PMI at 09.30. • European r etail sales follow at 10.00. • The main event for the day will be US ADP Non Farm Employment change at 13.15, with ISM non manufacturing PMI at 15.00. span>Bet Idea: • The NZD/USD is falling along with the Australian dollar this morning, with the pair having out performed the Aussie in recent weeks by some margin. However, if support in the region of 0.8170 breaks, there could be significant downside to come. Click here to view full-sized image A good way to play this might be a LOWER trade predicting that the NZD/USD closes below 0.8175 in 3 days time for a potential return of 144%. 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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