BetOnMarkets Daily Market Report (9th May)

Aussie pushes higher after employment data

Morning Report: 08.00 London

• After another set of new highs for US stock markets last night, the Australian and New Zealand dollars are leading markets higher after stronger than expected employment data. New Zealand & Australian employment change and unemployment rates rose more than expected, while Chinese CPI also topped estimates.

• The AUD/USD and NZD/USD are both up 0.54%, with theAUD/JPY up 0.36
%.

Click here to view full-sized image

Click here to view full-sized image

• The yen pairs are weaker in general though, with the EUR/JPYdropping off by 0.29%.

Click here to view full-sized image

Coming up today:

• Coming up today we have the ECB bulletin at 09.00.

• UK manufacturing follows at 09.30, with the lates
t statement from the Bank of England’s MPC due at 12.00. UK NIESR GDP figures then follow at 15.00.

• US unemployment claims are released at 13.30.

Bet Idea:

While the intermediate term outlook for the euro is mixed, in the short, term the pervasive up trend is hard to ignore.


Click here to view full-sized image

• A HIGHER trade predicting that the EUR/USD closes above 1.3200 in 3 days time could return 179% 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