BetOnMarkets Daily Market Report (7th February)

Read the Daily Market Report from Dave Evans, Professional Trader


	Japan surplus drops to lowest on record Morning Report: 08.30 London • The yen pairs are heading lower this morning after Japan posted a current account deficit for a second month in December. This means that it’s annual surplus is now the lowest on record. • The main yen pairs are down by around 1%, with the USD/JPY off by 1.2%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • The euro also continues to show relative weakness, with the EUR/GBP falling sharply in the last 24 hours. Click here to view full-sized image Coming up today: • Coming up today we have the second day of the EU summit after a landmark agreement to cut the budget overnight. • From 13.30, we have US and Canadian Trade balance data. Bet Idea: • Strong Chinese sentiment has helped pushed the AUD/USD higher this morning and it could be worth betting on this trend to continue into next week. Click here to view full-sized image A good way to play this could be a HIGHER trade predicting that the AUD/USD closes above 1.0350 in three days time for a potential return of 175%. 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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