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

 
In early trading this morning we’re seeing a move against the yen as investors…

regain their appetite for risk and hunt out higher yielding assets.

So far the euro appears to be the currency of interest as the pendulum confidence surrounding the Greek crisis swings over to the optimistic side.

Today is, so far, the first time in 5 days that the yen has lost ground to the euro.

The dollar and yen have been cancelling each other out of late.

The Dollar-Yen market is stuck in a 100 pip range. Is a breakout imminent?

Coming up today we have UK inflation data (CPI) at 09.30, followed by realised sales from the CBI at 11.00.

The pound has been acting strangely of late with good economic news resulting in a weakening in the pound.

This may be due to good news strengthening Labour’s election chances which in turn may mean a hung parliament which the markets hate the prospect of.

The next announcement of note is US existing home sales at 14.00 which slight easing in the pace of growth expected.

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