BetOnMarkets Daily Market Report (9th August)

Read the Daily Market Report from Dave Evans, Professional Trader


	Aussie leads after strong employment data Morning Report: 08.15 London • Financial markets continue to be quieter than normal due to slower summer trading. There is a positive bias in general with the Australia dollar leading markets higher after better than Australian employment data and strong Chinese inflation data. • The AUD/JPY is up 0.32%, with the AUD/USD up 0.23%. Click here to view full-sized image Click here to view full-sized image • Gold is up 0.26% as the dollar index treads water. Click here to view full-sized image • The British pound continues to recover well, with the GBP/JPY up 0.21%. Click here to view full-sized image Coming up today: • Coming up today we have UK trade balance figures at 09.30 with a slight worsening to -8.5bn. • US and Canadian trade balance follow at 13.30 with US unemployment claims released at the same time. Bet Idea: • The AUD/JPY continues to trend higher, riding high above the worst of the eurozone concerns. span> Click here to view full-sized image • The light summer trading could help this trend continue, at least in the short term. A good way to play this might be a HIGHER trade predicting that the AUD/JPY closes above 83.50 in 6 days time for a potential return of 159%. 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. Click here to view full-sized image

–8678fc68a9162ff62d36e992d393b181_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.