This morning, markets and commodity currencies in particular are staging a mild rebound this morning after yesterday’s sell off.

The economic calendar has been fairly light so far this week, with markets trading based around broad global economic concerns rather than country specific news releases.

In FX trading, the NZD/USD is trading higher by 0.43%. Other currencies are a step behind with the other commodity related assets of the USD/CAD, AUD/USD, AUD/JPY and gold all around 0.25% to the good.

The euro continues to outpace the British pound with the EUR/GBP set for its third straight day of gains.

There will be a lot of noise surrounding the UK budget, but financial spread betting markets generally are unaffected by this unless radical measures are announced.

Of more importance are the public sector net borrowing figures released at 09.30.

Trading Today

Coming up today we have UK public sector net borrowing figures released at 09.30. This is expected to show another cyclical increase of 5.2bn.

The minutes from the last MPC meeting are also released at 09.30.

The budget announcement starts at 12.30.

US Fed chairman Bernanke testifies at 13.30 with existing new home sales released at 14.00.

EUR/USD Trading Idea

It’s been all quiet on the euro front in recent days and evidence for this can be seen in the ever decreasing daily trading range, which appears to be breaking its almost daily cycle of large days following small days and vice versa.

A breakout day could be on the cards, though the direction right now is unclear.

A way to trade this might be an IN/OUT trade predicting that the EUR/USD trades outside of either 1.3175 or 1.3300. This could return 130% 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, commodities continued to reverse following Saudi Arabia’s intervention in the oil markets.

The main oil currency, the Australian dollar was the hardest hit with the AUD/USD down 1.14% and the AUD/JPY down 0.85%.

The NZD/USD was closely tracking these moves, as was the USD/CAD which was up 0.44%.

Markets were fairly quiet away from this group, with the euro showing some relative strength.

 
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.
 

The yen pairs are seeing the most activity with the EUR/JPY heading the fallers, down 0.46%.

The USD/JPY is not far behind at -0.37%. The USD/JPY reversal keeps threatening to happen, but so far the three day sell off has been shallow and indecisive, today’s activity could be crucial for the rest of the week.

Trading Today

Coming up the Eurozone current account at 09.00 with an increase to 3.3bn expected.

Canadian wholesale sales follow at 12.30.

There are also so minor US economic data points on what is a light day for the calendar.

USD/CAD Trading Idea

On a weekly basis, the USD/CAD can be a useful pair to trade for reversals. Last week the pair tried but failed to reverse the previous week’s sell off, but this week could bring more success.

A way to trade this might be a HIGHER trade predicting that the USD/CAD closes above 0.9950 in 7 days time for a potential return of 162%.

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 Friday Afternoon

The bulls were in control going into the weekend as the EUR/USD lead the dollar pairs higher by around 0.83%.

A successful Spanish bond auction helped forex spread betting markets overcome what was a pretty poor day on the economic data front.

Nevertheless, the dollar index suffered one of its worst days for some time.

 
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.
 

The spread betting markets are generally quiet, with a positive bias following yesterday’s encouraging US economic data.

The NZD/USD is leading the early movers, up just 0.17%.

Gold is not far behind with the precious metal consolidating yesterday’s gains, up 0.13%.

Trading Today

Coming up today we have Canadian manufacturing sales due at 12.30.

At the same time, we have US CPI numbers followed by capacity utilisation rates and industrial production at 13.15.

US preliminary UoM Consumer Sentiment is probably the highlight of the day at 13.55.

EUR/GBP Trading Idea

The EUR/GBP has continued its trend of weekly reverses, which could present an opportunity for the coming week.

With the current week set for a negative close, it could be time for a ‘HIGHER’ trade predicting that the EUR/GBP closes above 0.8350 in 7 days time for a potential return of 147%.

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 two days of dollar dominance, FX spread betting markets are correcting with commodity pairs leading the way so far this morning.

The NZD/USD, AUD/USD and AUD/JPY are all around 0.33% higher in early trading so far.

Gold is also recovering, trading up 0.29%.

The euro is also showing signs of relative strength with the EUR/GBP up 0.25%. The pound is under pressure on speculation that England is ‘odds on’ to lose its coveted AAA rating.

Trading Today

Coming up today we have the ECB monthly bulletin at 09.00.

The UKs MPC member Broadbent speaks at 11.30.

US PPI and unemployment claims are due at 12.30 with improvements expected in both areas.

US TIC long term purchases follow at 13.00 with Philly Fed Manufacturing index coming in at 14.00. Again both are expected to indicate an improvement economic climate for the US.

Gold Trading Idea

The AUD/JPY has been stuck below 88.00 of late and a breakout above this is on the cards.

The main danger for this trade would be a major rebound for the oversold yen, so it would pay to have some downside exposure.

A way to trade this might be an IN/OUT trade predicting that the AUD/JPY closes outside of 87.00 or 88.75 in 4 days time for a potential return of 122%.

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, the US dollar was firmly in the driving seat after a set of poor economic data points throughout the day.

UK claimant count change came in worse than expected, as did European, Canadian and US data through the day.

Gold was hit the worse, dropping 1.81% on the day.

The NZD/USD was not far behind, trading down 1.54%.

The yen also weakened against the dollar, with the USD/JPY rising 0.80% on the day.

 
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 in forex spread betting, the US dollar is dominating early trade flow with the NZD/USD the standout mover, down 0.55%.

The yen is continuing to weaken with the USD/JPY down another 0.37%.

This is helping to push the GBP/JPY higher as the British pound shows relative strength compared to its peers. Analysts are expecting an improvement in the jobless claims numbers today.

The gold spread betting market is suffering as the US dollar dominates, with the precious metal down 0.33%.

Trading Today

This morning we have UK claimant count change data due at 09.30 with a drop expected to 6.5K. The unemployment rate is expected to remain stable at 8.4%.

At 10.00 we have European CPI and Industrial production.

At 12.30 we have US current account data and import prices with US Fed chairman Bernanke speaking at 14.00.

Gold Trading Idea

Gold has been struggling since its recent peak in February, but there are signs that the recent bear run is becoming over stretched.

Measuring the size of the stretch between the Parabolic SAR and the price, gold is now over sold by historical standards.

The signal is much stronger if gold is also over stretched on the weekly chart which so far it is not, but it could mean that the balance of risk reward is becoming more balanced for an upside move.

A way to trade this might be a HIGHER trade predicting that Gold closes higher than 1675 in 7 days time. This could return 120% 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, the British pound was the star performer, with the GBP/JPY rallying over 1%, the EUR/GBP by 0.87% and the GBP/USD by 0.55%.

The UK’s trade deficit came in marginally better than expected and was the catalyst for such activity.

Elsewhere, the euro weakened due to ongoing Eurozone fears, this time focusing on the disagreements between the Bundestag and the ECB.

The EUR/USD was down 0.33%.

 
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.
 

The weekend news flow has been generally neutral but early this morning, Chinese trade deficit numbers have caused a continuation of Friday’s negative bias.

China’s trade deficit expanded on the back of slow demand from a weakened Eurozone, sparking concerns that China’s spectacular growth story may be running out of steam.

The biggest casualty so far this morning has been the AUD/JPY which is down 0.52% this morning. The EUR/JPY is also struggling this morning with the pair down 0.27%.

Things are quieter on the dollar pairs, with the dollar generally showing gains so far this morning. The dollar index has been on a strong two week run. The AUD/USD is down 0.25%.

In gold spread betting is also suffering, with the precious metal down around 0.50%.

Trading Today

The economic calendar is considerably lighter than Friday’s packed itinerary, with US Federal budget balance the only real economic item of note today at 18.00.

However, there will no doubt be a few tape bombs to come this week from the Eurozone.

GBP/USD Trading Idea

The GBP/USD has shown an interesting pattern recently of big sell offs followed by smaller gains.

So far the pattern is playing out again this morning with small gains coming on the GBP/USD after Friday’s big losses.

While the upside from here might be limited, at least there appears to be a bias in that direction.

A way to trade this might be a HIGHER trade predicting that the GBP/USD closes above 1.5700 in 1 days time for a potential return of 113%.

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

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.
 

This morning, the euro is giving back some of its recent gains as forex spread betting investors unwind some of yesterday’s positions after the Greek bond deal.

The EUR/USD is down 0.34% with the EUR/JPY down 0.22%

It’s not one way traffic for the US dollar today though with gold up by around 0.25%.

The yen is so far having a quiet morning, with the AUD/JPY unchanged after solid gains in the last two sessions.

Trading Today

We have a number of big UK economic announcements today starting with Manufacturing Production and PPI Input at 09.30. Mixed results are expected.

At 12.00 we have Canadian employment data with a positive result expected.

At 13.30 we have the main event, US Non Farm payrolls. A figure of 209k is expected, but as ever, any major deviations from this will result in significant volatility.

EUR/GBP Trading Idea

The EUR/GBP has shown a reversion effect on a weekly basis as the two currencies remain closely correlated.

An up week is generally followed by a down week and vice versa.

This week has recovered some of last week’s losses, but the weak bounce could be a signal of further weakness to come.

A way to trade this might be a LOWER trade predicting that the EUR/GBP closes next week (Fri 16th) below 0.8325 for a potential return of 212%.

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

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 heavy falls yesterday, forex spread betting markets are showing some stability and even some fight back this morning.

The NZD/USD is leading the charge, gaining 0.78% ahead of the Reserve Bank of New Zealand’s rate decision later today.

Market’s are evidently expecting rates to stay at 2.5% for a little while longer.

After suffering the biggest losses yesterday, the AUD/JPY is also showing some fight, gaining 0.44% as the yen backs off slightly.

The euro is also recovering fairly well with the EUR/USD up 0.25%.

Trading Today

Coming up today we have the aforementioned NZD rate decision at 20.00 this evening.
Prior to this we have German factory orders at 11.00.

The day’s most important announcement is probably US ADP Non-Farm Employment Change which is due at 13.15, a rise of 204k is on the cards.

AUD/JPY Trading Idea

After yesterday’s big drop, the AUD/JPY is a prime candidate for a recovery bounce today.

Looking at its price history following big moves like this against the trend, the AUD/JPY is more likely to rally, but any further selling could be brutal.

So the most likely scenarios from here are a smallish gain or a large loss.

A way to trade might be an IN/OUT trade with the barriers skewed to meet our expectations.

An IN/OUT trade predicting that the AUD/JPY closes outside of either 83.25 or 86.15 could return 120% in 2 days time (Friday).

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

After months/years of trying to put off the inevitable, it seems that the Greek default drama is moving closer to an end game.

Greece is now threatening default on any bondholder that does not take part in a new debt swap.

The fact that many of these bond holders are unpopular hedge funds may not raise much sympathy, but it is still a very dangerous situation.

Michael Cartine of IFR put this very well: “We may be walking into a minefield and we just won’t know for sure until either everyone makes it to the other side or someone goes “boom” in between.”

The Japanese yen was firmly in ‘risk-off’ mode, with the AUD/JPY dropping by 2.4% and the GBP/JPY not far behind at -2.08%.

Gold spread betting market took another big hit yesterday, with the precious metal down over 2%.

The euro itself was not performing too badly on a relative basis with the EUR/USD down 0.82% compared to the NZD/USD‘s -1.27%.

 
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 forex spread betting markets are still reeling from lower than expected Chinese growth projections.

The currencies most impacted so far are those that have the strongest trading links with the emerging powerhouse.

The Reserve Bank of Australia kept rates on hold as expected, but the accompanying rate statement provided strong hints of rate cuts in the future.

The AUD/JPY is down 0.74%, with the NZD/USD down 0.62% and the AUD/USD down 0.43%

Gold is also under pressure, with the precious metal off by 0.46%.

The yen is strengthening for the second day in a row, with most yen pairs falling back. The GBP/JPY and EUR/JPY are down 0.50%.

Trading Today

The only major economic announcement due today is Canadian Ivey PMI which is due at 15.00 and expected to show a significant drop in activity.

USD/CAD Trading Idea

The USD/CAD has displayed a fairly regular trading pattern of a down week following an up week and vice versa.

This is playing out so far this week, and the question now may be whether there is enough room for further upside to make this a worthwhile trade.

As the price oscillates around the 1.0000 parity line, the 1.0050 has acted as an upper barrier, making this a useful potential target.

A way to trade this might be a ONE TOUCH trade predicting that the USD/CAD touches 1.0050 at some point before the close on Friday the 9th of March. This could return 136% 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

Markets started yesterday on the back foot following news that China had downgraded its growth forecasts.

European and UK trade data also came in wore than expected which added to the generally negative tone.

However, it’s not been an outright victory for the bears with US manufacturing data coming in ahead of expectations.

The hourly chart of the AUD/JPY captured the day’s trading flow fairly well.

Financial spread betting markets rallied into lunch time, but tailed off to trade at slightly lower levels than the morning session.

 
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.