BetOnMarkets Daily Market Report (9th April)

Read the Daily Market Report from Dave Evans, Professional Trader


	Yen Finally Starts To Slip Morning Report: 08.30 London • This morning the Japanese yen is pulling back, with the USD/JPY off by 0.55%. The other major pairs are off by a similar deficits. Click here to view full-sized image Click here to view full-sized image • The dollar pairs are generally pushing higher, with the NZD/USD continuing its strong run. Click here to view full-sized image • Gold is also rising slightly after dropping yesterday. Click here to view full-sized image Coming up today: • Coming up today we have UK manufacturing production at 09.30, with a 0.4% rise exp ected. • Canadian building permits follow at 13.30. • UK GDP estimates are released at 13.30. Bet Idea: • Gold has started to recover recently, with gold starting to recover. The Hulbert market digest recently highlighted a marked change in sentiment against gold, with newsletter writers recommending a net 30% short position on gold. This is largest such position in history, with a strong rally historically following similar positions in the past. Click here to view full-sized image • A HIGHER trade on gold predicting that the precious metal is above $1625 in 60 days time could return 252% 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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