• What crisis? That seems to be the view of markets this morning as traders bet the situation in Ukraine will blow over. US stock markets are pushing back to towards the highs, while precious metals are giving up most of yesterday’s gains. Putin has ordered his troops to return to their bases, but this does not cover troops already in the Crimea.
• The big winners are the yen pairs especially the AUD/JPY which is moving well on the back of strong Australian data.
• The GBP/JPY is also performing well as the pound out performs its European cousins.
Coming up today: • Coming up today we have UK Construction PMI followed by MPC member Cunliffe speaking at 10.30.
Trade Idea: • While Russia has appeared to de-escalate today, Russian and Ukrainian markets have recovered less than a quarter of the losses seen yesterday. Putin made a calculated gamble in moving into the Crimea and we are probably only seeing the first move in what is likely to be an extended period of political posturing. • As such today’s rebound may be a little premature and a bet looking the other way could work well. A LOWER trade predicting that the EUR/USD will close below 1.3700 in 3 days time could return 180%.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Russia Pulls Back For Now…
Morning Report: 08.45 London
• What crisis? That seems to be the view of markets this morning as traders bet the situation in Ukraine will blow over. US stock markets are pushing back to towards the highs, while precious metals are giving up most of yesterday’s gains. Putin has ordered his troops to return to their bases, but this does not cover troops already in the Crimea.
• The big winners are the yen pairs especially the AUD/JPY which is moving well on the back of strong Australian data.
• The GBP/JPY is also performing well as the pound out performs its European cousins.
Coming up today:
• Coming up today we have UK Construction PMI followed by MPC member Cunliffe speaking at 10.30.
Trade Idea:
• While Russia has appeared to de-escalate today, Russian and Ukrainian markets have recovered less than a quarter of the losses seen yesterday. Putin made a calculated gamble in moving into the Crimea and we are probably only seeing the first move in what is likely to be an extended period of political posturing.
• As such today’s rebound may be a little premature and a bet looking the other way could work well.
A LOWER trade predicting that the EUR/USD will close below 1.3700 in 3 days time could return 180%.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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