Please find below the Financial Fixed Odds report from David Evans, market analyst at BetOnMarkets.

Global equities are firmly in negative territory today, but at least we are getting a meaningful day’s action.

Assuming markets don’t recover; today will the first time since June 4th that the S&P 500 has closed 1% higher or lower. Markets will finally have broken out of the trading range that has restricted trading over the last two weeks.

Traders are questioning whether the talk of green shoots has been too premature and too optimistic. There is no doubting that the all-out free falling has abated, but this does not automatically mean that a recovery is imminent. Just that apocalypse has been averted.

Risk appetite is waning as money flows back into US treasuries, helped by supportive comments from the Russia regarding the strength of the dollar as a reserve currency.

Crude Oil, often seen as a dollar hedge is pulling back towards the $70 marker.

The euro is feeling the brunt of the selling after credit conditions worsened and unemployment increased more than expected.

EUR/GBP Fixed Odds Trade

The Euro has been hit hard recently and that trend could continue over the next few days. A One Touch Fixed Odds trade predicting that EUR/GBP will touch €0.84 by the close of play tomorrow could return 249%.

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