BetOnMarkets Daily Market Report (8th April)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen extends slump Morning Report: 08.30 London • This morning the yen pairs have gapped higher after the Bank of Japan started to implement its long term purchases. Aside from this, markets are generally positive, though the euro is lagging after Portugal’s constitutional court rules that some of its bailout plans were unconstitutional. Click here to view full-sized image • Most yen pairs are up around 0.4%, with the AUD/JPY leading the charge. Click here to view full-sized image Click here to view full-sized image • Gold is also stable after rebounding on Friday. Click here to view full-sized image Coming up today: • German industrial production at 11.00 is the only real economic item of note today , with European sentix investor confidence due at 09.30. Bet Idea: • The USD/JPY gapped higher this morning as the radical Bank of Japan plans come into effect. Now that much of the news is out of the bag, we might expect some pullback and for this gap to be closed, or attempted to be closed at some point. Click here to view full-sized image • A good way to play this might be a ONE TOUCH trade predicting that the the USD/JPY touches 97.75 by the close of Tuesday. This could return 115% 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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