BetOnMarkets Daily Market Report (4th October)

Read the Daily Market Report from Dave Evans, Professional Trader


	Big expectations for US Payrolls Morning Report: 08.15 London • This morning, markets are quiet ahead of the monthly lottery that is US Non Farm Payrolls. Analysts are expecting an increase in activity from last month to 114k, but with a corresponding in crease in the unemployment rate to 8.2%. • The early movements this morning have seen the NZD/USD rise by 0.25% in early trading. Click here to view full-sized image • By contrast, the euro and pound are backing off, with the EUR/JPY and GBP/JPY off by 0.17%. Click here to view full-sized image • Gold is still testing the recent highs, up another 0.09% this morning. Click here to view full-sized image Coming up today: • The main jobs data comes in at 13.30, with Canadian data released at the same time. • We start the day with German factory orders at 11.00, with a drop of 0.5% expected. Bet Idea: • Gold has been rallying nicely in recent days, helped by the weakening dollar and traders looking for an inflation hedge. Today’s market reaction will be something of a lottery, but if the numbers come in on the positive side, gold could extend its rally even further. Click here to view full-sized image A HIGHER trade predicting that gold closes above $1800 in 7 days time could return 129% if successful. Click here to view full-sized image span>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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