BetOnMarkets Daily Market Report (4th March)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets dip on China construction concerns Morning Report: 08.30 London • This morning, markets have started the week with ‘risk off’ bias as fears rose that Chinese plans to curb property development could have a ripple in growth prospects across the world. • The Australian economy is heavily reliant on supplying raw materials to booming China, so today’s worse than expected building approvals data came as a double blow. The Australian dollar is the weakest currency this morning, with the AUD/USD & AUD/JPY down 0.66%. Click here to view full-sized image Click here to view full-sized image • Gold is also still under pressure after heavy falls last week. Click here to view full-sized image Coming up today: • Coming up today, we have UK Construction PMI at 09.30, following by European PPI at 10.00. • Eurogroup meetings run in the background throughout the day.< /span> Bet Idea: • Markets have been extremely choppy in recent days, with trends reversing almost as soon as they’ve started. There are some signs that this chop behaviour has reached extreme levels, implying that a trending perio d is around the corner. Click here to view full-sized image • Considering how the AUD/USD has been beaten up in recent days, there could be room for one final reversal here, this time with some ability to stick around. • A good way to play this could be a HIGHER trade predicting that the AUD/USD closes above 1.0200 in 3 days time for a potential return of 247%. 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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