BetOnMarkets Daily Market Report (4th June)

Read the Daily Market Report from Dave Evans, Professional Trader


	Aussie hit again after RBA statement Morning Report: 08.30 London • Markets are mixed this morning with the Japanese yen weakening and the dollar index on the rise once again. Click here to view full-sized image Click here to view full-sized image • The Aussie dollar is the big mover after the RBA kept rates on hold but analyst took their statement to mean further cuts are imminent. The AUD/USD is down 0.96%, With the NZD/USD following suit at -0.95%. Click here to view full-sized image • The euro is showing relative strength with the EUR/JPY up 0.94% following better than expected Spanish unemployment data. Click here to view full-sized image Coming up today: • Coming up today we have UK Construction PMI at 09.30. • This is followed by Canadian and US Trade balance at 13.30 Bet Idea: • The USD/CAD has been back and forward these last few days, which is unsurprising given the US and Canadian economies are so interlinked. Click here to view full-sized image • With one up day followed by a down day, there’s a fair chance that we could see the USD/CAD lower come tomorrow’s close. • A LOWER trade predicting that the USD/CAD closes below 1.0300 in 1 days time could return 125% 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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