BetOnMarkets Daily Market Report (7th February)

Read the Daily Market Report from Dave Evans, Professional Trader


	Euro rallies ahead of ECB Morning Report: 08.30 London • The euro is firm this morning ahead of today’s ECB meeting. There had been speculation that Draghi may lean towards softer policies after Hollande’s statements that the euro was overvalued, but so far this morning, the opposite may be playing out. • The EUR/JPY is the morning’s top mover, up 0.52%, with the EUR/USD up 0.32%. span> Click here to view full-sized image Click here to view full-sized image • The euro also continues to outpace the British pound ahead of today’s Bank of England meeting. The EUR/GBP is up 0.25%. Click here to view full-sized image Coming up today: • We’ve a busy day ahead of us today, with the EU Economic Summit running throughout the day in addition to the rate statement and ECB press conference at 13.30. • We also have the future bank of England governor speaking at 09.45, followed by the MPC meeting outcome at 12.00. span> • Also keep an eye out for German industrial production at 11.00 and US unemployment claims at 13.30. span> Bet Idea: • The AUD/JPY is on the rise again this morning, back in line with the medium term trend. • Markets have shaken off some of their over bought status from earlier in the week and there cold now be further room for upside here. Click here to view full-sized image A good way to play this might be a HIGHER trade predicting that the AUD/JPY closes above 97.00 at the close on Friday. This could return 142% 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

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