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

Yesterday markets threw caution out of the window with big moves for the Dow Jones and currency pairs such as the AUD/USD and GBP/JPY.

The Dow recorded its third best day of the year so far, gaining 2.76% on the day. However it’s worth noting that all three of those best days have come during the ‘correction’ since April.

In early trading, currency markets are relatively quiet with Yen weakness the key trend so far this morning.

Coming up today:

Today’s top economic announcements include UK manufacturing production and PPI input at 09.30. Both announcements are expected to put out numbers lower than last month.

With the new government claiming that the economy is worse than expected, the question is just how much lower these two data points will be. The GBP/USD and GBP/JPY will be the pairs to watch.

US retail sales at 13.30 are also expected to come in lower than last month, but US consumer sentiment at 14.55 are expected to show some improvement.

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