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

Last week ended in a surge of optimism with the Dow Jones & tech heavy Nasdaq breaching fresh new highs for the year.

Investors and traders were throwing caution to the wind across a wide variety of markets on Friday, especially forex.

Even further negative news surrounding the Greek bailout could not derail this rally.

This morning we are seeing some follow through with risk taking once again back in vogue.

The British pound is the morning’s top mover as analysts question the perceived wisdom that a hung parliament would be devastating for the UK economy.

Of most interest is the Pound – Yen, with the pair breaking out of a tight range with &yebn;145.00 forming the ceiling.

Without doubt though, the hottest news item this week is the US Federal reserve statement on Wednesday.

• Will the Fed take rising stock markets as an opportunity to raise interest rates?
• Will there be hints that a rate high will happen sooner rather than later?
• Are there other ways that the Fed might temper the rally without nipping the nascent growth in the bud?

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