Wednesday 24 April 2013

BetOnMarkets Daily Market Report (24th April)

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Read the Daily Market Report from Dave Evans, Professional Trader
 
    Gold recovery back on track
Morning Report: 08.30 London

This morning there is a positive bias as stock markets rise at the open and gold erases most of yesterday’s gains.



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 The yen pairs are showing signs of strength as risk appetite returns.


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 Dollar pairs are mixed though, with the AUD/USD lagging the NZD/USD after weaker than expected CPI numbers.


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Coming up today:

Coming up today we have German ifo business climate at 09.00, with a dip expected.
 In the UK, CPI realised sales are released at 11.00.

 From 13.30, we have US core durable goods, which are expected to rise by 0.5%.


Bet Idea:

• The euro is still struggling today despite expectations that an Italian interim Prime Minister will be elected. Market expectations for the ECB may have got to far ahead of themselves, meaning some potential downside here for the EUR/USD.


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A LOWER trade predicting that the EUR/USD closes below 1.2950 in 5 days time could return 174% if successful.

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This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

Summary


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