BetOnMarkets Daily Market Report (4th December)

Read the Daily Market Report from Dave Evans, Professional Trader


	Aussie rallies despite rate cut Morning Report: 08.30 London • This morning, the Australian dollar is on the rise despite the RBA cutting rates back to 3% for the first time since 2009. Click here to view full-sized image • Elsewhere, markets are mixed with a negative bias as the selling pressure continues from overnight. Gold is the biggest mover, falling by 0.57% despite the dollar index also falling. Click here to view full-sized image Click here to view full-sized image • The yen is on the rise thanks to the weakness in the dollar. The USD/JPY is down 0.28%, forcing the EUR/JPY lower by 0.18%. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have construction PMI at 09.30 with a slight drop to 50.7 expected. • At 14.00, we have the latest rate statement from the Bank of Canada, with rates expected to remain stable at 1%. Bet Idea: • The Australian dollar has been moving well today, with today’s push higher putting the AUD/ USD within a day’s move of the September highs. Click here to view full-sized image • The Santa Claus rally failed to arrive yesterday, but December’s historical positivity is hard to ignore and the Aussie could be the main beneficiary. A good way to play this could be a HIGHER trade predicting that the AUD/ USD closes above 1.0500 on December 31st for a potential return of 147%. 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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