BetOnMarkets Daily Market Report (9th November)

Read the Daily Market Report from Dave Evans, Professional Trader


	Markets stable after China data Morning Report: 07.45 London • Financial markets are stable this morning after Chinese industrial production data came in slightly above estimates. The main ‘risk on’ currencies of the NZD/USD and AUD/JPY are seeing the most buying interest, up 0.29% and 0.21% respectively. Click here to view full-sized image • The euro is also lifting off recent lows, with the EUR/JPY up 0.17%. The moves so have are moderate at best and so far this is best seen as a stabilisation rather than a significant fight back. span> Click here to view full-sized image Coming up today: • Coming up today we have UK trade balance data at 09.30.. • From 13.30, we switch to the US where we have import prices followed by prelim UoM consumer sentiment at 14.55. Bet Idea: • Gold has been travelling well since the start of the week as it rebounds from the extreme oversold conditions at the close last Friday. Click here to view full-sized image There are signs that it may have run a little too hot in though, as the skew between the price and the Parabolic hits extreme levels. Another pull back could be in the offing here and a LOWER trade could be a good way to play this.. A LOWER trade predicting that gold will close below $1700 in 7 days time could return 364% 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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