BetOnMarkets Daily Market Report (8th October)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets start week on back foot Morning Report: 08.30 London • This worries about the global economy returned , with gold falling off from the highs. The precious metal is down 0.60%, with the dollar index recovering from last week’s sell off. Click here to view full-sized image • The yen pairs are the main pairs for action this morning, with the GBP/JPY down 0.83% and the EUR/JPY down 0.92%. Click here to view full-sized image • The euro is the weakest currency overall, with the EUR/USD down 0.41% and the GBP/USD also down 0.31%. span> Click here to view full-sized image Click here to view full-sized image Coming up today: • Coming up today we have European Sentix investor confidence at 09.30. • Running throughout the day we have a Eurogroup meeting of European finance ministers. Watch out for eye catching headlines, especially anything from ECB preside nt Draghi. • Volumes could be lower today with US and Canadian markets closed in observance of Columbus day and independence day respectively. span> Bet Idea: • With the yen powering higher this morning, the main risk on/ risk off pair of the AUD/JPY is down another 0.60%. Generally this pair will follow though on bad days and with support around 79.75 potentially failing, there could be more downside to come. Click here to view full-sized image A LOWER trade predicting that AUD/JPY will close below 79.25 in 3 days time could return 141% if successful. Click here to view full-sized image span>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

–b035063cada53f5c5c67b51b66258a75_myaff–

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.