Spread Betting

AUD Sold Off – Markets Quiet Elsewhere

Posted on August 03, 2010 by James

It’s all quiet this morning after yesterday’s monster rallies.

Yesterday the FTSE rallied 2.65% with US markets also rising by around 2%, so it’s perhaps understandable that traders are pausing for breath so far this morning.

Looking at the forex markets, there is little movement bar a sell of in the AUD/USD which is down after poor Australian building approvals and retail sales.

The AUD/USD is down 0.55% and the AUD/JPY 0.50%. The Aussie is this morning’s standout mover by a long shot.

Today’s main announcement is US pending home sales at 15.00 with an increase on last month expected.

 

The Financial Fixed Odds update by David Evans, Market Analyst, BetOnMarkets.

 

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