Read the Daily Market Report from Dave Evans, Professional Trader
Euro drops again ahead of US payrolls
Morning Report: 08.30 London• Markets are generally quiet as is usually the case before the release of the latest US Non Farm Payrolls, but there is notable movement on the euro which is dropping again after big falls last night.
• This morning’s weakness is a continuation of yesterday’s fears that the ECB will cut interest rates. We’ll find out more with Draghi’s speech today at 10.00. The euro weakness is helping to push the dollar index higher.
• Coming up today, we have UK manufacturing production at 09.30 with German industrial production at 11.00. ECB President Draghi speaks at 10.00.
• From 13.30, the main focus is on US non farm payrolls, with Canadian data released at the same time. The big number is expected to be +89k
Bet Idea:
• Predicting the NFP numbers can be something of a lottery, especially as the impact of a negative number can often by reversed by the close of play. With the short term trend generally positive, it may pay to bet on a continuation of this trend.
Morning Report: 08.30 London• Markets are generally quiet as is usually the case before the release of the latest US Non Farm Payrolls, but there is notable
movement on the euro which is dropping again after big falls last night.
Click here to view full-sized image
Click here to view full-sized image
• This morning’s weakness is a continuation of yesterday’s fears that the ECB will cut interest rates. We’ll find out
more with Draghi’s speech today at 10.00. The euro weakness is helping to push the dollar index higher.
Click here to view full-sized image
Coming up today:
• Coming up today, we have UK manufacturing production at 09.30 with German industrial production at 11.00. ECB President Draghi speaks at 10.00.
• From 13.30, the main focus is on US non farm payrolls, with Canadian data released at the same time. The big number is expected to be +89k
Bet Idea:
• Predicting the NFP numbers can be something of a lottery, especially as the impact of a negative number can often by reversed by the close of play. With the short term trend generally positive, it may pay to bet on a continuation of this trend.
Click here to view full-sized image
A HIGHER trade on one of the main risk on currency pairs – the AUD/ USD to close above 1.0525 in 4 days time could return 296% if successful.
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This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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