BetOnMarkets Daily Market Report (7th November)

Read the Daily Market Report from Dave Evans, Professional Trader


	Obama Elected – Markets rally Morning Report: 08.15 London • Whether it is due to an Obama victory, or, simply relief that the whole thing is over, markets are pushing higher this morning. After a shaky start in the small hours of the morning, S&P 500 futures are pointing to a higher open for world markets, while the dollar index drops off from recent highs. Click here to view full-sized image span> Click here to view full-sized image • The big winner is gold, which continues to rally from last week’s lows. Click here to view full-sized image • The euro is also moving well, as the Greek austerity vote nears the event horizon. Other dollar pairs are also following suit, with the AUD/USD up by 0.36% and the USD/CAD down by 0.36%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today, we have European retail sales at 10.00, followed by German industrial production at 11.00. • T he Greek debt vote result should also come through at some point. • At 15.30 we have US crude oil inventories. Bet Idea: • The NZD/USD is pushing higher with the rest of the dollar pairs, but unlike the AUD/USD, has not regained the highs. Click here to view full-sized image There is pote ntial for the NZD/USD to play catch up from here. A HIGHER trade predicting that the NZD/USD closes above 0.8300 in 7 days could return 108%. 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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