Fixed Odds Investment

Morning Report: Gold rallies as markets stabilise

foiadmin — Thu, 17 May 2012 08:05:02 +0000

Morning Report: 08.00 London

This morning financial markets have a mild positive bias following better than expected Japanese GDP figures. Gold has been the biggest gainer so far, rallying 0.60% in early trading. Today is potentially the first significant rally for the precious metal since the end of April.

The euro is stable, without making significant gains. It continues to show relative strength against the British pound with the EUR/ GBP up 0.15%. The pound is flat this morning, after two major sell offs in the last two days.

The higher yielding Australian and New Zealand dollar are leading the gainers with the AUD/ USD and NZD/ USD up 0.35% and 0.28% respectively. The NZD/ USD is the worst performing pair over the last 30 days.

Coming up today:

We have a light morning on the economic news front with a French & German bank holiday.
MPC member Weale speaks at 12.00.
At 13.30 we have a number of North American items with Canadian foreign security purchases at 13.30 and wholesale sale at 13.30. US unemployment claims are released at 13.30 with a slight rise expected.
US Philly Fed Manufacturing index at 15.00 has perhaps the greatest market moving potential.

Bet Idea:

The dollar index is still looking overbought in the short term, but choosing the right pair to play could be problematic. Gold may be the best option for this. While Europe is a big unknown, support does seem to be holding in the $ 1515 to $ 1550 region.

A good way to play this might be a HIGHER trade predicting that Gold closes above $ 1575 in 7 days time for a potential return of 247%.

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

Summary:

BetOnMarkets Daily Report

Afternoon Report: Euro pressure eases, while pound struggles.

foiadmin — Wed, 16 May 2012 17:05:02 +0000

Afternoon Report: 17.15

It’s been a mixed afternoon on financial markets with pressure generally easing on the euro area. It’s not been a uniformly positive day though with the pound weakening in the wake of the Bank of England downgrading its UK growth forecasts. The GBP/ USD is down 0.44% with the EUR/ GBP up 0.39%.

Better than expected US economic data has helped lift the gloom in some areas, but a notable exception has been the Canadian dollar, with the USD/ CAD up 0.41%. This is certainly down from the day’s highs, but the pair has rallied significantly off the lowest set earlier this afternoon.

Summary:

BetOnMarkets Daily Report

Morning Report: Euro pain continues as gold tests 12 month low

foiadmin — Wed, 16 May 2012 08:05:02 +0000

Morning Report: 08.15 London

This morning, the euro crisis continues to put pressure on financial markets with ‘risk on’ assets selling off throughout the Asian session. By contrast, the US dollar continues to benefit from its safe haven status and is heading to its highest levels since November 2011.

This dollar strength is impacting the dollar pairs and gold. The latter is now close to testing its 12 month lows around $ 1515. The yen too is a haven of sorts, but its no match for the dollar, with the USD/ JPY is rising for the second day.

The euro itself continues to sell off, with the EUR/ USD falling 0.32%. The euro doesn’t appear to be subject to isolated selling though with the EUR/ GBP flat on the day.

The higher risk/ higher yielding pairs are the biggest movers this morning, with the NZD/ USD down 0.48% and the AUD/ USD off by 0.42%.

Coming up today:

At 09.30 we have UK claimant count change data with a rise in jobless claims expected. Unemployment is expected to stay steady at 8.3%.
European CPI figures are released at 10.00.
The Bank of England inflation report is released at 10.30.
US building permits follow at 13.30 with a slew of other economic items released from 14.15 including capacity utilisation rate and industrial production.
The minutes from the last FOMC meeting are released at 19.00.

Bet Idea:

The Canadian dollar has been hit hard lately, with the USD/ CAD rising strongly this morning. Such extreme weakness is quite unusual for Canadian dollar which is highly correlated with the US dollar.

The recent US dollar strength is reaching overbought levels, which could translate into an easing of the pressure on the USD/ CAD.
A good way to play this might be a LOWER trade predicting that the USD/ CAD closes below 1.0050 in 10 days time for a potential return of 164%.

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

Summary:

BetOnMarkets Daily Report

Afternoon Report: Euro slumps on Greek elections & Italy contagion

foiadmin — Tue, 15 May 2012 18:05:02 +0000

Afternoon Report: 18.30

The day started well for the euro – “Well” being a relative terms when French GDP growth is flat and Italian GDP worsening. Things got worse as the day drew on though with German and European ZEW economic sentiment coming in below estimates. The real bombshell was the news that Greece would be holding fresh elections, which increases the probability of a euro exit. On top of this, there were calls in Italy renegotiate Italy’s budget targets. Although this is just talk at the moment, it strikes at the heart of the issue – that what happens to Greece and how Greece is treated will have a knock on effect in how far other troubled nationals reject austerity and veer away from much needed structural reforms.
The euro has been hit hard today, with the EUR/ USD down 0.50%.

It’s not been a uniformly risk off day though, with other currencies falling further than the euro and some currencies even rising today. The NZD/ USD has been hardest hit, while the AUD/ USD and AUD/ JPY are in positive territory for the day.

The British pound has been suffering with the GBP/ USD off by 0.51% following worse than expected trade balance figures.

The US dollar index is having another strong day as traders hunt for safe havens on the back of poor US CPI and retail sales data. The dollar’s strength has pushed the USD/ JPY up 0.46%.

Summary:

BetOnMarkets Daily Report

Morning Report: German GDP boosts markets

foiadmin — Tue, 15 May 2012 08:05:02 +0000

Morning Report: 08.00 London

This morning, risk on assets have received a boost after preliminary German GDP came in well above estimates at +0.5%. French GDP came in as expected with 0% growth.
The AUD/JPY is leading the charge, up 0.50%, with the AUD/USD also up 0.47%.

The euro is also enjoying a rebound of sorts, with the EUR/JPY up 0.29% and the EUR/USD up 0.24%. Even the beaten up EUR/GBP is rallying, up 0.16%.

No such luck for gold though, which is off by another 0.15%.

Coming up today:

This morning, keep your eye on Italian GDP figures at 09.00 with a drop of 0.6% expected.
At 09.30 we have UK trade balance figures.
At 10.00, we have perhaps the morning’s most important items; German ZEW economic sentiment. European wide sentiment and flash GDP are released at the same time.
At 13.30 we have core US CPI and retail figures along with Empire state manufacturing index.

Bet Idea:

Is this morning’s Aussie rally the start of a turnaround, or simply traders covering profits on their short trades? It’s very hard to say what is going on right now, but with the questions in Europe still remaining unanswered, a downside trade could be the better option on the AUD/USD.

A good way to trade this might be a LOWER trade predicting that the pair closes below 0.9975 in 1 days time for a potential return of 162%.

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

Summary:

BetOnMarkets Daily Report

Afternoon Report: German bond yields hit record low

foiadmin — Mon, 14 May 2012 17:05:02 +0000

Afternoon Report: 18.00

This afternoon, demand for German bond’s (Bunds) has soared as investor seek out safe havens in Europe. By contrast Spanish bond yields have rocketed as traders fret over a smorgasbord of European worries. First we have the uncertainty surrounding Greek elections, though there is a general expectation that leaders will not want to rock the boat too much. Of greater concern is the continued pressure on Spanish banks which are being artificially propped up by the ECB. While this mechanism is providing unlimited liquidity, the Spanish banks are fast running out of capital to put up as collateral. In addition European industrial production numbers came in well below estimates.
Running in the background, there are also continued concern’s about JP Morgan’s trading losses. The dollar index trades higher when traders hunt out safer havens and this is what we’re seeing today.

The euro is being punished across the board, and this weakness is best seen in the EUR/ GBP pair.

Gold is also continuing to slide, further proof that the precious metal has become more of a speculation tool than a safe haven in recent months.

Summary:

BetOnMarkets Daily Report

Morning Report: Germany ready to do whatever it takes.

foiadmin — Mon, 14 May 2012 08:05:05 +0000

Morning Report: 08.15 London

Typical of a Monday morning, financial markets are yet to get going so far. The early bias is for further weakness, but so far the selling pressure is mild. The dollar index has reached its highest level since March, while stock markets look like they will struggle at the open.

The pound is continuing to show some relative strength this morning with the EUR/GBP falling 0.29%. This seems to be more a function of euro weakness than pound strength with the EUR/USD down 0.25% as the pair heads for levels not seen since January. John Mauldlin has some excellent analysis out in his recent newsletter (H/T Marketbeat) “Will it buy time? Yes, but time for what? To fix government deficits? To deal with bank debts? Sovereign debt? To somehow solve the massive trade imbalances between Germany and the European periphery? To force voters to accept a fiscal union? In the midst of a crisis? If there is some conspiratorial cabal that has a secret plan, they have kept it well hidden. Because from here it looks like they are making up the “plan” as they go along. Their actual intentions are no secret. They will do whatever it takes to keep the European Union and eurozone together. And whatever it takes is a very open-ended plan. But it is going to cost them trillions of euros”.

Coming up today:

Coming up today we have European industrial production figures at 10.00 with a slight drop in output expected.

Bet Idea:

The NZD/USD has resumed its trending bias, this time to the downside. The economic outlook remains uncertain, but the odds favour a continuation of the NZD/USD down move.

A good way to play this might be a LOWER trade predicting that the NZD/USD closes below 0.7775 in 1 days time. This could return 147% if successful.

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

Summary:

BetOnMarkets Daily Report

Morning Report: Markets resume downtrend on China data

foiadmin — Fri, 11 May 2012 08:05:02 +0000

Morning Report: 08.15 London

This morning, markets have resumed their downtrend after some disappointing data from China overnight. Chinese PPI, fixed asset investment & industrial production all came in below estimates. In the UK, Nationwide consumer confidence also fell below estimates. Banking stocks have also come under pressure following JP Morgan’s admission that a single trader has been allowed to rack up billions of pounds of losses.
Gold is the biggest mover, as the US dollar index continues its upwards trajectory.

With its strong reliance on China, the Australian dollar has been the hardest hit currency this morning, with the AUD/JPY is down 0.42%, with the AUD/USD down 0.32%.

The euro is down, but so far this seems to be more a function of the general sell off than any new specific news. It does send the EUR/USD towards new lows.

Coming up today:

UK PPI is released at 09.30 with a drop to -0.9% expected.
Canadian employment change and unemployment rates are released at 13.30.
US PPI figures are released at 13.30, with prelim UoM consumer sentiment released at 14.55.

Bet Idea:

The trend following AUD/USD is heading for new lows which creates an opportunity. The pair is just above parity, a level not reached since December. If the 1.0000 level breaks, there could be a short sharp move lower with follow up selling.

A good way to play this might be a LOWER trade predicting that the AUD/USD closes below 0.9950 in 5 days time for a potential return of 217%

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

Summary:

BetOnMarkets Daily Report

Afternoon Report: Market rally continues, but doubts still remain in Europe

foiadmin — Thu, 10 May 2012 17:05:03 +0000

Afternoon Report: 18.00

The morning’s positive mood has continued into the afternoon session despite some soft economic data throughout the day. French industrial production came in below estimates, while Canadian and US trade balance figures both disappointed. These appear to have had little impact though with markets keen to cover short trades made yesterday.
The big winner is still the Australian dollar with the AUD/ JPY up 1.12% and the AUD/ USD up 0.69%.

The yen pairs are generally having a good day as the USD/ JPY rallies 0.44%.

The euro has stabilised, but is certainly not out of the woods yet, with a Greek coalition government far from a done thing. The EUR/ JPY is up 0.63%, but the EUR/ USD is still lagging, up just 0.21%.

Summary:

BetOnMarkets Daily Report

Morning Report: Chinese data sparks rebound

foiadmin — Thu, 10 May 2012 07:05:02 +0000

Morning Report: 08.00 London

This morning, financial markets are rallying following a slew of positive data overnight. Japanese current account data came in better than expected with Australian employment data also impressing. However, the real catalyst has been better than expected Chinese Trade balance numbers that came in well above estimates.
With its close ties to China, the Australian dollar has been the main beneficiary this morning, with the AUD/ JPY up 0.80% and the AUD/ USD which is up 0.70%. The NZD/ USD is riding higher on the Aussie’s coat tails, up 0.43%.

Gold is stabilising this morning, but is still down significantly for the week.

The euro has improved somewhat this morning, but after Spain part nationalised its third largest bank, doubts still remain.

Coming up today:

Coming up today we have the ECB monthly bulletin at 09.00.
UK manufacturing production follows at 09.30 with an increase in production expected.
The UK comes under focus again with the latest interest rate statement and asset purchase facility numbers. As we have seen recently, it is the formal statement & press conference that will provide the most interest.
Canada comes under focus at 13.30 with trade balance figures.
US trade balance figures are also released at 13.30 with unemployment claims out at the same time.
Fed chairman speaks at 14.30.
Keep an eye out for UK NIESR GDP estimates at 15.00.

Bet Idea:

The USD/ CAD is travelling well this morning after hitting overhead resistance around 1.0050 yesterday.
The pair rarely travels too far too quickly in one direction without some sort of healthy correction so this morning’s sell off could have further to run.

A good way to play this might be a LOWER trade predicting that the USD/ CAD closes below 0.9975 in 1 days time for a potential return of 137%.
You can find direct links to this trade idea here and here.

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

Summary:

BetOnMarkets Daily Report