BetOnMarkets Daily Market Report (4th December)

Morning Report: 08.30 London

• This morning Chinese equities have led the global rise in financial markets, with the S&P 500 futures pointing to a positive session for eq
uities and other risk assets. 

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• The yen pairs are seeing the biggest movements, with the EUR/JPY up 0.65%, the AUD/JPY up 0.59% and the USD/JPY up 0.48%.

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• The euro is strong across the board, thanks in part to the weakening US dollar, while gold is also continuing to rebound.


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Coming up today:

• This morning we have a series of European PMI data points starting with Spanish PMI at 08.15, following by Italian PMI at 08.45. UK services PMI follow at 09.30, with Spanish retail sales at 10.00.

• At 12.30 we have latest UK Autumn forecast.

• From 13.15 we switch to the US with ADP non farm employment change followed by US ISM non manufacturing PMI.

Bet Idea:

• After two indifferent days across world markets, the Christmas rally is showing signs of life this morning. This could be good news for the NZD/USD which could receive a boost with the RBNZ press conference tonight.

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• 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 HIGHER trade predicting that the NZD/USD will close above 0.8300 on December 31st could return 164% if successful


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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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