BetOnMarkets Daily Market Report (5th November)

Read the Daily Market Report from Dave Evans, Professional Trader


	Can Gold Rebound From Here? Morning Report: 08.15 London • This morning, the euro has started the week on the back foot after Spanish unemployment change came in worse than expected. The EUR/JPY is down 0.51%, with the EUR/USD down 0.23%. Click here to view full-sized image span> Click here to view full-sized image • The yen is the behind some of the big moves this morning, with the USD/JPY down 0.28% and the GBP/JPY down 0.37%.. Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have European Sentix Investor Confidence at 09.30, with UK Services PMI released at the same time. • Canadian building permits follows at 13.30, with US ISM Non Manufacturing PMI out at 15.00. Bet Idea: • Gold buyers suffered heavy losses on Friday as traders reacted to the latest Non Farm Payroll figures. The sharp move lower brings the precious metal into over bought territory at the same time that the US dollar index l ooks overheated in the short term. Click here to view full-sized image Click here to view full-sized image There is potential for a rebound here in gold. A good way to play this might be a HIGHER trade predicting that Gold closes above $1700 in 7 days time for a potential return of 306%. 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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