BetOnMarkets Daily Market Report (4th September)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets bounce, led by Aussie dollar Morning Report: 08.00 London • This morning, markets have started the day on solid ground, with the Australian dollar leading the way. The Aussie is in demand after the Reserve Bank of Australia voted to keep rates on hold despite a slowing economy. • The AUD/JPY is up 0.49%, with the AUD/USD up 0.41%. Click here to view full-sized image Click here to view full-sized image • The euro is also having a positive morning, as hopes rise ahead of Thursday’s ECB meeting. The EUR/JPY is up 0.38%, with the EUR/USD up 0.28%. Click here to view full-sized image Click here to view full-sized image • Gold is up around 0.14%, while the US dollar index drops for its third straight day. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have UK construction PMI with a slight drop expected. • US ISM manufacturing follows at 15.00 with a rise to 50.0 expected. Bet Idea: • The USD/CAD has been moving lower lately, thanks to the US dollar index slumping. The pair is sitting on support in the 0.9850 level, a level that has seen a rapid bounce twice in the the recent past. Click here to view full-sized image A good way to play this might be a HIGHER trade predicting that the USD/CAD closes above 0.9875 in 6 days time. This could return 133% if successful. Click here to view full-sized image Summary: This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. Click here to view full-sized image

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