BetOnMarkets Daily Market Report (4th October)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets rise ahead of central bank meetings Morning Report: 08.30 London • Financial markets are on the rise this morning ahead of central bank meetings for the UK and Europe. Stock market futures are rallying for the fourth straight day. Click here to view full-sized image • Gold is the big winner, up 0.41% as traders take on more risk. Click here to view full-sized image • The European pairs are out performing, with the EUR/JPY up 0.44%, with the GBP/JPY up 0.37%, these moves are helped by the USD/JPY rising by 0.10%. Click here to view full-sized image Click here to view full-sized image Coming up today: • The main items around midday are first the MPC statement at 12.00, followed by the European ECB rate statement at 12.45 and the press conference at 13.30. • US unemployment claims follow at 13.30, with the release of the minutes from the last FOMC meeting at 19.00. • Canadian Ivey PMI follows at 15.00. Bet Idea: • The euro has rallied strongly in recent days, especially against the British pound. The EUR/GBP is on track to rally for the fourth straight day. Click here to view full-sized image • There are rumours of a rate cut to come from the MPC in November which could bring further upside for the EUR/GBP. A HIGHER trade on the EUR/GBP predicting that the pair will close above 0.8050 in 1 days time could return 141% 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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