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

 
Early Prices Moves

For the third time this week, the early trend this morning has been a move against the US dollar and Japanese yen.

The top beneficiary of this so far is the Canadian dollar, gaining by 0.31% against the US dollar. (Also see US Dollar/Canadian Dollar Spreads).

Aside from this, the euro and pound have made moderate gains against the US dollar and yen.

The Day Ahead

After yesterday’s raft of ‘worst than expected’ announcements, traders will be hoping for some good news from today’s offerings.

We kick things off with Gfk Consumer Climate at 07.00 and European industrial new orders at 10.00.

Keep your eye on the Euro/Dollar Spreads and Euro/Yen Spreads around these times.

The big events come at 15.00 with Federal Reserve chairman Ben Bernanke testifying to congressional committee and the latest new home sales. The Dollar/Yen Spreads will be the pair to watch at this time.

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