BetOnMarkets Daily Market Report (9th January)

Read the Daily Market Report from Dave Evans, Professional Trader


	Positive start after Asian market rally. Morning Report: 08.30 London • This morning, financial markets are on the rise after a strong session from Asian markets. The yen is heading south, helping the main yen pairs to push higher by around 1%. • The big winner is the AUD/JPY which is up by 1.03%. Click here to view full-sized image Click here to view full-sized image Click here to view full-sized image • Gold is also performing well this morning, as the dollar index eases off. Click here to view full-sized image Coming up today: • From 09.30, we have UK trade balance figures which are expected to show a reduced deficit. German industrial production figures follow at 11.00 with a 1.1% gain expected. Bet Idea: • The Australian dollar is performing well this morning, but the AUD/USD is sitting right underneath overhead resistance. Click here to view full-sized image • The new year rally could continue, but it’s unlikely to be in a straight line. There’s likely to be some volatility ahead so a sharp, short term move lower cou ld be on the cards here. A good way to play this could be a ONE TOUCH trade predicting that the AUD/USD touches 1.4500 before the close on Friday the 11th. This could return 168% 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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