BetOnMarkets Daily Market Report (7th August)
August 7, 2012 8:41 amVideo
Latest News
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
- USD/JPY: trading tips for beginners for European session on April 26 April 26, 2024
- GBP/USD: trading tips for beginners for European session on April 26 April 26, 2024
- EUR/USD: trading tips for beginners for European session on April 26 April 26, 2024
- Hot forecast for EUR//USD on April 26, 2024 April 26, 2024
- Technical Analysis – GBPJPY close to a new 9-year high April 26, 2024
- Technical Analysis – USDCAD retreats beneath 20-day SMA April 26, 2024
- Key events on April 26: fundamental analysis for beginners April 26, 2024
- Trading plan for GBP/USD on April 26. Simple tips for beginners April 26, 2024
- Trading plan for EUR/USD on April 26. Simple tips for beginners April 26, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 26 2024. April 26, 2024
Morning Report: 08.15 London
• In the small hours of the morning, Australian interest rates were kept on hold as expected. “On hold” is an apt way to describe financial markets at the moment with with volatility lacking in the last couple of days.
• The stand out mover this morning
is the British pound which is continuing to show relative weakness due to a potential debt downgrade and low growth. The GBP/JPY is down 0.22% with the GBP/USD down 0.21%.
Click here to view full-sized image
Click here to view full-sized image
• Away from the pound, the euro is also down slightly, though the dollar index is relatively unmoved this morning.
• Gold looks primed for a breakout, but there would need to be a sustained move on the dollar index in either direction.
Click here to view full-sized image
Coming up today:
• Coming up today we have Italian industrial production at 09.00 with a 1% drop expected. Italy is under focus again at 10.00, with GDP expected to drop by -0.7%.
• At 09.30 we have UK manufacturing production with a huge drop of -4% expected. UK NIESR GDP estimates are released at 15.00.
• At 11.00 German factory orders are released, with a drop of 0.9% expected.
• Canadian building permits are r
eleased at 13.30, with Ivey PMI released at 15.00.
•
Fed chairman Bernanke speaks at 19.30.
Bet Idea:
• This morning the Reserve Bank of Australia elected to keep rates on hold. Australia has
benefited by supplying the raw materials for China’s boom and as such, the Aussie dollar has been an out performer in recent years. While the euro crisis continues to rumble on, the AUD/USD quietly putting a decent run together. The AUD/USD has traditionally been a trend following currency, so with the the dollar index continuing to flash over bought, there could be room for further upside in the coming week.
Click here to view full-sized image
A good way to play this might be a HIGHER trade predicting that the AUD/USD is above 1.0600 in 7 days time for a potential return of 119%.
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
© COPYRIGHT 1999-2012 Regent Markets ALL RIGHTS RESERVED
–8be36e70b20aee02358b0232f003b930_myaff–
Related Posts: