The world is bereft of good news. Perhaps the most optimistic thing the bulls can cling onto right now is new polls are predicting that pro-bailout party New Democracy would get 23% of the votes, with Syriza and Pasok achieving 21% and 13% respectively.

This would mean that if the previous coalition of New Democracy and Pasok were to cobble their seats together, they would have 164 seats and subsequently enough to form a government, certainly a positive, and a shift from Wednesday’s poll.

We had been expecting some sort of consolidation in risk assets given the steep falls of late. Perhaps we are too early (or wrong), but it feels that any bounces will be minimal and traders will be quick to put on new shorts if a move higher eventuates.

China seemed to be the ‘new news,’ which seems to have the market even more on edge.

Goldman Sachs has cut its Q2 2012 GDP forecast to 7.9% from 8.5%, given the slowdown in April activity data, while the China Securities Journal suggested the print will be closer to 7.5%.

China five-year credit default swaps have blown out twenty basis points this month to 133 basis points, reflecting the overall concern.

We feel this is a key reason why the Aussie is under such pressure today, not to mention comments from CBA that the commodity super cycle could be at an end.

That being said, whilst Q2 GDP may show signs of weakness, it’s about Q3 and Q4.

Local media are reporting that after recent research, the government may be ready to announce new stimulus on a fiscal level to boost domestic demand, through infrastructure and agriculture investment worth up RMB 1 trillion.

Still, the talk hasn’t really had a huge impact, and the liquation we have seen in resource stocks has been aggressive and relentless; expect similar price action in London.

Stocks such as BHP are trading at similar levels to July 2009, however, commodities such as iron ore, copper and WTI were trading at $80 pm/t, $2 per pound and $80 per barrel respectively back then.

Either stocks were really expensive back then, or the current valuation is pricing in an Armageddon-type event in commodities.

ANZ (Australia and New Zealand bank), one of Australia’s biggest banks, CEO Mike Smith spooked spread betting investors even more, detailing that funding markets are ‘closed’ once again and that European problems indicate ‘political contagion’.

All in all, it leads to a dark and tiresome open for European bourses, with around 1.5% expected to be wiped off on open.

However, we have seen more aggressive selling, predictably in the IBEX given the downgrades to 16 banks and four regions, not to mention the technicals looks woeful.

The FTSE looks set to open about 49 points from the March 2009 uptrend, which we feel, if tested in the short term, should offer some support.

But tonight is all about Facebook, and we thoroughly expect a good day’s showing on its first day of trade. One hopes a positive tape will lift spirits, if for no other reason than to give traders something other than Greece to think about.

What is going to be the good news release that causes the elastic band to snap back, if at all?
Bearish sentiment on US investor surveys is as high as it was in October (days before we saw a 32% rally in the S&P), RSI’s in equities are oversold and, in the case of AUD/USD the lowest since May 2010.

So whilst the trend is clearly down, perhaps some brave souls may play the contrarian trade soon.

Data is thin on the ground today, so invariably price action will be determined by headlines, Facebook and a very downbeat Asian trade.

Keep an eye on EUR/USD though, as its options expiry today, and there is huge interest in 1.27 puts.

As a result, it is hard to see a sustained break above 1.27 and subsequently other risk assets given the correlations in the capital markets.

Can the dollar index push through the January highs and make it a fifteenth consecutive gain?

Ahead of the open we are calling the FTSE at 5266 -72, the DAX at 6225 -83, the CAC at 2979 -32 and the IBEX at 6395 -142

 
Contracts for differences (“CFD”) trading and spread betting carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.
 
Market Commentary by IG Index.
 
This material should not be construed in any circumstances as a recommendation or offer to sell or recommendation or solicitation of any offer to buy any security or other financial instrument by IG Index or Online-Spread-Betting.com, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. The material is not a personal recommendation and you should seek independent advice as to your suitability to speculate in any related markets..
 
IG Index is a spread betting provider and is authorised and regulated by the Financial Services Authority, register number 114059.

It’s been a soft start to the morning session with commodity currencies continuing to show signs of distress.

This morning, emerging powerhouse India cut its interest rates by more than expected.

The impact is hard to read at the moment, but the implications are not good for the Australian economy which is reliant on supplying the new growth economies of the world.

Europe is still a background fear, with key sentiment data still to come later today.

The NZD/USD, AUD/USD and AUD/JPY are the morning’s biggest movers, falling around 0.45%.

There was a muted response to the release of the minutes from the last Reserve Bank of Australia meeting.

The gold spread betting market continues to struggle as market sentiment swings from day to day.

The euro is again struggling with the EUR/JPY heading back to test the lows.

Trading Today

Coming up today we have UK inflation data with CPI expected to rise to 3.5% and RPI to drop to 3.6%.

German and Europe wide ZEW sentiment follows at 10.00 with a deterioration in confidence expected. European inflation numbers are released at the same time.

From 13.30 we have US building permits and a number of middle tier data points including housing starts, capacity utilisation and industrial production.

Canada releases its latest interest rate levels at 14.00 with the Bank of Canada expected to keep rates on hold.

AUD/JPY Trading Idea

The AUD/JPY has been in a fairly consistent downtrend since peaking in March, with this morning possibly making it three down days in a row.

The AUD/JPY has not been as consistent with its downside follow through as its upside, but what is notable is the potential for a big move lower here. Of all the pairs, the AUD/JPY has perhaps the greatest potential for shock moves lower.

Such a move is a relative long shot, so a way to trade this might be LOWER trade predicting that the AUD/JPY closes below 81.25 for a potential return of 582%.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

The Markets Yesterday Afternoon

Yesterday afternoon, there were some positives from the economic calendar, but concerns over Spain and Portugal continued to temper any rally attempts.

US retail sales came in better than expected which helped soften below consensus Empire State Manufacturing data.

The US dollar index came off the day’s highs, helping to push the EUR/USD into positive territory for the day.

The NZD/USD forex spread betting remained under pressure though, with the pair down by 0.54%.

The yen pairs were also showing continued stress as money flowed out of the dollar and into the Japanese currency.

The USD/JPY was down 0.6% with the AUD/JPY down 0.75%.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

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

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

Yesterday much noise was made of the potential for Chinese GDP figures to come in well above expectations, but as is often the case, the rumours were just that.

GDP came in at 8.1% vs the expected 8.4%.

Helping to soften the blow was industrial production coming in at 11.9%, above estimates.

There is a sense of profit taking in today’s early trading as traders book profits made yesterday, especially on the high flying Australian dollar.

The AUD/USD is down 0.49%, with the AUD/JPY down 0.37%.

Away from the Aussie, forex spread betting markets are generally quiet, with the US dollar index clawing back some of the ground lost yesterday.

The EUR/USD is down 0.14% in early trading.

Trading Today

Coming up today we have UK PPI input at 09.30 with a drop to 1.2% expected.

US CPI follows at 13.30 with preliminary University of Michigan Consumer sentiment numbers released at 14.55. Analysts will be looking for a slight increase in sentiment.

Finally Fed Chairman Bernanke leads us into the weekend with his speech at 18.00.

USD/CAD Trading Idea

The USD/CAD plunged yesterday, a large move by the tight standards of this closely correlated pair.

After such a big move, the bias is for the USD/CAD to trade back in the other direction.

This is already happening so far this morning, but this is room for further upside.

A way to trade this might be a HIGHER trade predicting that the USD/CAD closes above 0.9975 in 3 days time for a potential return of 143% if successful.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

The Markets Yesterday Afternoon

Yesterday afternoon’s economic data was mixed, but this was put aside as online spread betting markets focused on rumours of better than expected Chinese GDP numbers.

This added fuel to the commodity currency rally with the Australian dollar continuing to lead the charge.

The AUD/JPY and AUD/USD were both up 1.27%.

The US dollar suffered as traders flick the switch to ‘risk off’ with the NZD/USD up by 1.03% and the USD/CAD down by 0.88%.

Gold also benefited from US dollar weakness, with the precious metal rallying over 1%.

In Europe, the euro had a solid day, comfortably outpacing the British pound which was sluggish after poor trade balance data.

The EUR/USD was up 0.52% with the EUR/GBP up 0.26%.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

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

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

It’s the first proper trading day after the Easter holiday and spread betting markets are decidedly mixed.

On the positive side, commodities have received a boost following China’s unexpectedly positive trade balance data.

Unfortunately, the Bank of Japan cooled any hopes of providing a liquidity boost by stating that an expansion of stimulus was not discussed at the recent meeting.

The gold spread betting market is rallying 0.59% this morning, with the US dollar index heading the opposite direction.

The yen pairs are showing the biggest movement so far, with the USD/JPY down 0.30%.

The pound is coming in for some selling pressure with the GBP/JPY down 0.32%.

Trading Today

Coming up today we have European Sentix Investor Confidence at 09.30 with a drop of 7.7 expected.

In the afternoon we have a number of minor UK and US data points with FOMC member Lockhart speaking at 17.45. Analysts will be looking for any clues on quantitative easing there.

AUD/JPY Trading Idea

The AUD/JPY has recently followed a pattern of an up day being followed by a much stronger day as the down trend continues.

The same pattern appears to be playing out so far today, with a small down move in force.

There’s room for further downside over the next few days, especially if concerns over global growth continue to fester.

A way to trade this might be a LOWER trade predicting that the AUD/JPY closes below 83.25 in 3 days time could return 157% if successful.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

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

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

After the Fed dashed hopes of a further round of Quantitative Easing, strength in economic data is ever more important.

Unfortunately the omens weren’t good yesterday with a disappointing auction of Spanish bonds contributing to a risk asset sell off.

Things are looking a little more optimistic this morning however, with commodities and commodity related currencies leading the rebound.

The NZD/USD and AUD/USD are leading the fight back, with both pairs up 0.45%.

The AUD/JPY is not fair behind, up 0.28%.

Gold spread betting market is also trading higher after a two day plunge, up 0.30% this morning.

The euro is also holding its own so far this morning, with the EUR/USD up 0.13%.

Trading Today

Coming up today we have UK manufacturing production at 09.30 with a 0.1% gain expected. The pound has been on a good run lately (relative to the euro) and this manufacturing data could be key to the sustainability of this out performance.

German industrial production follows at 11.00. With increasing signs of a Eurozone recession, traders will be looking for any big deviations from the expected loss of -0.3%.

At 12.00 we have the latest rate statement from the Bank of England with rates expected to stay the same.

NIESR GDP estimates follow a 15.00.

From 13.30 we have a series of data points that could provide hints for Friday’s big jobs report.

From 13.30 we have Canadian employment change data with US unemployment claims released at the same time. Any big deviations here could cause traders to jump the gun on Friday’s numbers.

EUR/USD Trading Idea

The EUR/USD has been on a three day slump as Eurozone fears rise again. The EUR/USD has generally been a good pull back currency especially following slumps like this, so there’s a fair chance of some upside from here even if tomorrow’s US jobs data is a big unknown.

A way to trade this might be a HIGHER trade predicting that the EUR/USD closes above 1.3175 in 1 days time for a potential return of 120%.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

The Markets Yesterday Afternoon

It was not a good day for the bulls yesterday with markets selling off for the second day running.

The euro and gold were under considerable pressure as online spread betting investors sought out safe havens (i.e. the US dollar and Japanese yen).

ECB President Draghi fuelled fears in his press conference by warning of downside risks to Eurozone growth.

The economic data generally disappointed today as well. Although US ADP jobs data came out roughly in line with estimates, European retail sales dropped as did German factory orders.

US ISM non manufacturing PMI also came in below estimates
.
Gold was been the biggest faller, underlining its new status as a risk asset rather than a safe haven. The precious metal was down 1.62% on the day.

The euro was also faring poorly, with the EUR/JPY dropping 1.02% and the EUR/USD off by 0.79%.

The exception was the British pound with better than expected services and house price data.

The EUR/GBP was down 0.60% as the euro falls faster than the pound.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

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

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

Last night markets plunged on the release of the minutes from the last US Federal reserve meeting.

Markets were hoping for some strong hints of plans for further quantitative easing from the FOMC, but were left disappointed.

The US dollar rallied strongly into the evening and the selling pressure has continued this morning.

Australian trade balance data heaped more concern in online spread betting markets in the early hours of the morning, by coming in well below estimates.

The AUD/JPY is down 0.59%, with the AUD/USD down 0.44%.

Yen pairs are under the most pressure as demand for safe havens increase.

The EUR/JPY is down 0.43%, with the GBP/JPY down 0.33%. The USD/JPY is down 0.18%.

The biggest casualty last night was gold, which plunged as investors switched back into the US dollar.

The pound and euro continue to show signs of stress, with the EUR/USD down 0.27% and the GBP/USD down 0.17%.

Trading Today

We’ve an extremely busy day today, starting with UK Halifax Price data at 08.00.

The UK data continues at 09.30 with the release of Services PMI.

Europe comes under focus starting at 10.00 with European retail sales at 10.00 and German factory orders at 11.00.

European interest rates are released at 12.45 with the follow up press conference at 13.30. The press conference is likely to be more market moving.

From mid day, the focus turns to the US with ADP Non Farm Employment Change figures acting as a warm up to Friday’s big job report.

ISM Non Manufacturing PMI numbers are released at 15.00.

AUD/JPY Trading Idea

With today’s heavy calendar, we have the potential for some heavy follow through selling or rapid rebounds.

One pair to focus on is the AUD/JPY which has a strong trend following bias, which could mean more downside to come.

A way to trade this might be a LOWER trade predicting that the AUD/JPY closes below 84.50 in 1 days time for a potential return of 266%.

There does seem to be some support at 85.00, which is a risk factor, but if this breaks, there move lower could be damaging.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

The Markets Yesterday Afternoon

Markets were waiting for the 19.00 release of the minutes from the last Fed meeting, so any moves up until that point could have been quickly erased.

The day’s trading pressure focused on the British pound and Australian dollar.

There were no clear catalysts for yesterday’s fall for the British pound, but ongoing growth concerns were certainly a factor with the British Camber of Commerce reiterating its calls for the UK government to focus more on growth.

The EUR/GBP forex spread betting pair was one of the days biggest movers, down 0.46% as the euro held steady. The GBP/USD was down 0.34% by contrast.

The Australian dollar hit further selling pressure as analysts reacted to dovish statement from the Reserve Bank Of Australia that may hint at further rate cuts to come.

The AUD/USD was down 0.48% with the AUD/JPY down 0.42%.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

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

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

It’s been a firm, if unspectacular start to the day’s trading in the forex spread betting markets this morning, with the euro leading a general trend higher for dollar pairs.

This comes despite reports in Der Spiegel that the recent EU fiscal pact may breach the German constitution.

The EUR/USD is up 0.21% with the EUR/JPY up by 0.11%.

By contrast, the Australian dollar is struggling, following a decision by the Reserve Bank of Australia to keep rates on hold at 4.25%.

Australia retail sales came in as expected.

The AUD/JPY is down 0.14% with the AUD/USD down by 0.08%.

The Canadian dollar is faring better though, with the USD/CAD down 0.14%.

The gold spread betting market is also just about keeping its up trend intact, rising 0.07% this morning.

Trading Today

Coming up today we have UK Construction PMI at 09.30 with a slight drop to 53.6 expected.

The main announcement of note today is the release of minutes from the last FOMC meeting, with online spread betting investors looking for any clues for evidence of further monetary easing from the Fed.

USD/JPY Trading Idea

The USD/CAD has historically been a good pair for trading pullbacks.

With the US and Canadian economies so closely tied, any large move in one direction tends to be corrected in the short term more often than not.

The pair are currently sitting on a support level with some room for upside over the next couple of days. While nothing is guaranteed, the odds favour a higher move here.

A way to trade this might be a HIGHER trade predicting that the USD/CAD will close above 0.9915 in 1 days time for a potential return of 176%.

The big risk is that the FOMC statement sparks a move lower, but the odds are enough to make this a potentially attractive bet.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

The Markets Yesterday Afternoon

It was a distinctly mixed start to the month with commodity related assets out pacing the pound and euro.

Yesterday’s economic data failed to impress, despite UK manufacturing PMI coming in above estimates.

Commodity pairs benefited from better than expected Chinese factory surveys, while the euro suffered on the back of weak Spanish and Italian price action.

There were concerns about bank exposure to the region, especially with the Italian unemployment rate coming in higher than anticipated.

The EUR/JPY was down 0.92%.

By contrast, gold was up 0.66% on the day.

The Australian dollar powered higher with the AUD/JPY up 1.14% and the AUD/USD up 0.15%.

The yen was at the centre of price action with the USD/JPY up 0.99%.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

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

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

Financial spread betting markets are showing signs of optimism this morning ahead of a key meeting for Eurozone finance ministers in Copenhagen.

The number one item for discussion is exactly how they might radically boost the size of firewalls.

Overnight economic data from Japan and Australia has been fair to good, also helping the optimistic bias this morning.

The US dollar index continues to retreat with the GBP/USD leading the charge of the dollar pairs.

The EUR/USD is also continuing to show good strength in the face of Eurozone pressure.

The yen continues to strengthen, helped by the weakening US dollar, with the USD/JPY down 0.30%.

The Australian dollar is also showing some interest a few days of selling pressure.

Trading Today

The main item of note today should be the meeting of Eurozone finance ministers hoping to put some decisive plans in for the Eurozone firewall. Expect some tape bombs and then reactionary analysis over the next few days.

Canadian GDP is released at 13.30 with a gain of 0.1% expected.

There are a number of middle tier economic announcements from the US including personal spending at 13.30, Chicago PMI at 14.45 and revised UoM consumer sentiment at 14.55.

USD/JPY Trading Idea

The USD/JPY has put on a good few days of selling recently, but historically this has been a good opportunity to buy rather than sell. There is also support around 82.00 to contend with.

The trend from this recent high needs some respect though so an In/Out trade may be a good hedge.

A way to trade this might be an IN/OUT trade predicting that the USD/JPY closes outside of either 81.15 or 82.75 in 3 days time for a potential return of 121%.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

The Markets Yesterday Afternoon

Markets had a decidedly negative tone yesterday with a number of factors dragging sentiment lower.

Ongoing tensions in the gulf were having an impact, with Israel buying airspace in Azerbaijan.

Russia also entered the debate on Iran, by declaring the Iranian nuclear program transgresses UN resolutions.

In Europe, Spanish bonds were under pressure with liquidity thin on the ground. The S&P 500 is set for its third consecutive day of selling.

The ‘riskiest’ assets were under the most pressure with the AUD/JPY down 1.05% and the AUD/USD down 0.43%.

The euro was also under considerable pressure, with the EUR/JPY down 0.98% and the EUR/GBP down 0.55%.

In gold spread betting, the precious metal continued to trade as a risky asset rather than a safe haven, with the precious metal down 0.61% today.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

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

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

This morning markets are continuing the sell-off that started late last night.

The initial euphoria coming from Fed Chair Bernanke’s comments that further easing might be needed, has given way to concern that the US economic recovery may be more fragile than first hoped.

Traders are also re-assessing plans for a massive extension of the European firewall. Some argue that such a big firewall could send mixed signals.

It may be reassuring, but it could also infer that the Eurozone’s worst case scenario is bigger than previously thought.

The latter thought is gathering traction on news that Spain has re-entered recession, further questioning the harsh austerity conditions being imposed there and in Greece.

The yen pairs are on the move, with the AUD/JPY dropping by 0.86%.

The GBP/JPY is down 0.60% with the USD/JPY down 0.53%.

Elsewhere in FX spread betting the Aussie is certainly being singled out this morning, with the AUD/USD leading the dollar pair fallers, down 0.38%.

Gold is slipping slightly, down 0.22%.

Trading Today

Coming up today we have European M3 money Supply at 09.00.

UK current account data follows at 09.30 with a significant drop to -8.5bn expected. Final GDP figures are also released at the same time.

US core durable goods orders are released at 13.30 with an increased to 1.6% expected.

AUD/USD Trading Idea

The Australian dollar has come under pressure in the last couple of days, with the AUD/USD failing to break through the upper part of the falling channel.

The lower channel line could beckon, which creates an opportunity with a LOWER trade.

A LOWER trade predicting that the AUD/USD closes below 1.0320 in 3 days time could return 295% if successful.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

The Markets Yesterday Afternoon

Online spread betting markets started yesterday morning on the back foot and didn’t make much progress as we moved into the evening session.

Most pairs were as they were in the morning, with the exception of the AUD/USD which was down 0.50% on a nationwide fall in Chinese industrial profits.

With Australian exports so reliant on the emerging powerhouse, any signs of growth slowing will hurt the Aussie dollar.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

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

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

Commodities and commodity currencies are on the back foot this morning with the Australian dollar singled out for punishment.

The AUD/USD is down 0.63%, with the AUD/JPY off by 0.50%.

The NZD/USD is not far behind, dropping 0.51% so far this morning.

The movements so far seem to be down to a lack of good news, than a lack of any particularly bad news.

The gold spread betting is also struggling with the general commodity slump this morning as the precious metal drops 0.55%.

Other trading movements to note is the relative strength of the euro, with the EUR/GBP up 0.09% this morning.

Trading Today

The main economic items of note today start with UK inflation figures at 09.30. CPI is expected to drop to 3.4% and RPI to 2.4%. These increases would be the smallest since early 2010.

UK CBI Industrial Order Expectations follow at 11.00.

At 12.30 we have US building permits and housing starts.

Treasuring secretary Geithner is due to speak at 14.00 with Fed chairman Bernanke speaking at 16.45.

AUD/JPY Trading Idea

The AUD/JPY has been on a great run of late, but the pullbacks continue to be shallow aside from the early March reversal.

A move higher from here would be the path of least resistance, but there any down moves, if they come could be significant.

A way to trade this might be an IN/OUT trade skewed to the downside.

A HIGHER trade on the AUD/JPY predicting that the pair closes outside of either 88.25 or 87.00 could return 135%.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

The Markets Yesterday Afternoon

There was a ‘risk on’ tone to yesterday’s trading, with US spread betting index markets powering to their highest levels since June 2008.

Apple’s announcement of a share buy back scheme certainly helped the general enthusiasm.

On forex spread betting markets, Italian bond yields helped ease the pressure, with 10 year yields hitting nine month lows.

The dollar index slumped as the bulls took control, helping to push the EUR/USD higher by over 0.5%.

The yen also reversed early strength, helping to push the likes of the GBP/JPY to new highs.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

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

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.