BetOnMarkets Daily Market Report (5th April)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen stable after dramatic plunge Morning Report: 08.30 London • This morning, the Japanese yen is slightly higher after huge losses yesterday on the back of a dramatic Bank of Japan meeting. • The AUD/JPY saw the biggest gains, with the pair now reaching its highest level since January 2008. The EUR/JPY is pushing back the furthest as Italian politics remain volatile. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • Gold has continued to suffer and while it remains somewhat oversold, it certainly still hasn’t reached extreme levels yet. Click here to view full-sized image Coming up today: • There’s only one item that matters today, and that’s the US Non Farm P ayroll data due at 13:30. Analysts are expecting a gain of around 200k, but as always, any deviation from this will see big moves either way. Canadian jobs data is released at the same time. Bet Idea: • After yesterday’s dramatic moves higher on the AUD/JPY and Non Farm Payrolls due at 13:30, there could be more excitement to come for this pair. • It is highly likely that some of yesterday’s move will be retraced at some point in the next seven, making a one touch trade attractive here. • A ONE TOUCH trade predicting that the AUD/JPY touches 99.25 by the close on Monday could return 140% 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

–4db1203049facd72e2ff3086ebe37962_myaff–

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.