Financial spread betting markets are starting the week on the back foot, with the Australian dollar showing signs of early stress on the back of disappointing PPI numbers.

Meanwhile, Chinese manufacturing figures released in the small hours of the morning continue to imply contraction.

The yen pairs are seeing the most movement so far this morning, as the risk on/risk off pendulum swings back towards negative.

The AUD/JPY leads the fallers, with the pair down 0.76%, the GBP/JPY down 0.39%, with the USD/JPY off by 0.32%.

The GBP/JPY’s morning losses break what had been a solid four day run.

The Australian dollar continues to be a slave to the growth prospects of China with the AUD/USD also the largest moving dollar pair, down 0.46% and testing support around 1.0300.

The euro is struggling this morning after gapping lower at the open of the Asian session early this morning.

Early election results indicate trouble for French president Sarkozy in the French elections and there is nothing financial markets hate more than uncertainty – whether it be political or economic.

The EUR/JPY is down 0.70%, with the EUR/USD down 0.34%.

Trading Today

The aforementioned French, German and pan European services and manufacturing PMI data starts at 08.00, 08.30 and 09.00 respectively.

MPC member Fisher speaks at 10.00 with Canadian wholesale sales at 13.30.

USD/JPY Trading Idea

Since March, the USD/JPY‘s overarching bias has been negative.

The recent rally has pushing things a little higher, but there is a down channel forming that could indicate that the morning’s weakness has some space to run.

A way to trade this might be a LOWER trade predicting that the USD/JPY closes below 81.00 in 1 days time for a potential return of 115%.

Editor’s note: If you lose a financial fixed odds trade you lose 100 percent 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

Forex spread betting markets were been encouraged by the economic data from Europe on Friday afternoon.

German IFO business climate came in marginally ahead of expectations while UK retail sales also beat estimates.

The euro showed some relative strength on Friday after being bolstered by the broad commitment from other nations to contribute to the IMF bailout fund.

The euro was consequently outperforming on Friday afternoon with the EUR/USD and EUR/JPY up 0.57%.

The pound also continued to perform well, though for the first time in a few days is lagged the euro, with the EUR/GBP up 0.16%.

 
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.
 

Traders in the US session looked one way and saw disappointing data, while looking the other and seeing pleasing earnings from companies like Microsoft, Morgan Stanley, Bank of America and Peabody.

Today though, with little US data, online spread betting investors may take their lead from GE who is expected to report Q1 adjusted EPS of 33 cents and $3.47 billion of revenue.

GE, who source earnings from so many parts of the economy, has the premise to move an equity market around that really seems to be struggling for direction at present.

However, history, if anything to go by, doesn’t provide too much reassurance, with the conglomerate having fallen 8 of the last 11 quarterly reporting days.

European markets look set to open lower after another dull and yawn-inspiring Asian trade, with traders likely to adjust positions ahead of the weekend’s drama, or lack of it, as we have become accustomed to in G-20 meeting of past.

While the fiscal woes of Europe will be talked about with smiles all-round, the real issue the market wants to hear about is whether the IMF can achieve financial commitments of $400 billion to potentially lend to Eurozone members as and when it needs them.

As it stands, $320 billion seems in the bag, although we are still to hear from BRIC nations on where they stands; rhetoric from China perhaps the most anticipated.

IMF chief Christine Lagarde is expected to give a press conference at 09:00 EDT on Saturday, and logically you will probably only hear mention of the funds if they have been achieved by that time.

Any narrative over the weekend that the total amount of funds committed is going to be over $400 billion should set us up nicely for next week and put risk on the front foot.

The German IFO is also released today, and expectations are for a modest decline in the business climate survey.

In forex spread betting, EUR/USD has been moving sideways from early April and a move closer to the April 12 pivot high of 1.3213 could be a level in which traders may look to sell. Moreover, an improvement in the IFO may see the single currency push towards this level sooner, rather than later.

It is also the first round of the French Presidential elections on Sunday and there is no escaping the move higher that we are seeing in French yields.

Part of the move yesterday was premised on Citigroup putting out a note suggesting France may get a credit rating downgrade in the next two years.

However, there is still no denying whoever gets the gig as French President needs to persuade the markets they are serious about debt reduction, plus give indications that they plan to model themselves on Germany as opposed to Spain or Italy.

Still, while everyone is rightly looking at Spain’s borrowing costs, keep one eye on French yields as well, as uncertainty may push yields higher.

The Spanish IBEX as well looks terrible, and has convincingly broken the multi-year uptrend.

Although it is clearly oversold in oscillator terms, it seems the March 2009 lows of 6702 are firmly in its sights. The index went on to rally 82% to the January 2010 high of 12240 from these lows, so we expect good buying support to kick in if it retreats further.

Ahead of the open we are calling the FTSE at 5735 – 9, the DAX at 6661 -10, the CAC at 3161 – 13 and the IBEX at 6883 -25

 
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.

Yesterday the European and US stock markets reversed some of the previous session’s gains after Spanish yields moved higher again.

In addition, news surfaced that Spain’s non-performing loans as a percentage of total lending had jumped to 8.1% in February. This was the highest level since 1994 and well removed from levels of 1% back in 2007.

This negative European news was enough to set spread betting markets on the back foot and they never really recovered. Particularly with Intel and IBM disappointing with their forward outlook statements.

Yesterday we also saw the BoE meeting minutes revealing a softening in the push for further quantitative easing.

The members of the committee seemed to acknowledge it was still a possibility that the UK could slip into recession in the first half of the year. However, the more pressing concern appeared to be that inflation might push higher at a faster-than-expected rate.

As a result of this we saw Adam Posen, who has been seen as one of the ultra doves on the BoE board, ending his push for further stimulus.

This had an immediate impact on the FX spread betting and bond markets, with the sterling / dollar rate firming and gilt yields also edging higher.

Looking ahead to today’s session, it’s all about another Spanish bond auction.

The Spanish treasury will issue as much as €2.5bn in two and ten-year bonds, with demand levels and clearing yields sure to be a key determinant of sentiment over the course of the session.

Ahead of the European open we’re calling the UK 100 to open +13 at 5758, the DAX -2 at 6730 and the CAC -6 at 3234.

 
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.

This morning markets have a positive bias with the yen being pushed back as online spread betting investors move into riskier assets.

The main catalyst this morning is unconfirmed talk of China cutting its interest rates to stimulate more growth.

Yen pairs are the biggest movers, with the GBP/JPY prominent ahead of the release of the minutes from the last Bank of England meeting.

Yesterday showed that inflation continues to stick in the UK, causing MPC member Posen to hint that the central bank may need to change course if this continues.

The GBP/JPY is the top mover, gaining 0.48 percent.

Elsewhere in currency spread betting, the other yen pairs are not far behind, with the USD/JPY, AUD/JPY and EUR/JPY all gaining around 0.45 percent.

Gold is improving this morning, but the precious metal is still within its down channel.

Dollar pairs are showing little movement so far, though there is a general negative bias in pairs such as the EUR/USD.

Trading Today

The morning’s main announcement is UK claimant count change data and unemployment rates released at 09.30. Unemployment is expected to remain the same with a slight drop in jobless claims.

We also have the release of the minutes from the last MPC meeting at the same time with MPC member Tucker speaking at 10.00.

European current account data starts proceedings at 09.00.

At 15.30 we have the BOC monetary policy report and press conference to follow at 16.15.

USD/CAD Trading Idea

The Canadian dollar is continuing to show strength against the US dollar with the USD/CAD dropping for the second day running.

The pair has been range bound for some time, making it potentially more likely that yesterday’s big move lower could be reversed in the next couple of days.

A way to trade this might be a HIGHER trade predicting that the USD/CAD closes above 0.9915 in 1 days time for a potential return of 179 percent.

Editor’s note: If you lose a financial fixed odds trade you lose 100 percent 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 saw a more positive trading environment with the Canadian dollar the stand out performer.

The Canadian dollar was rallying strongly after the Bank of Canada unexpectedly spoke of the potential for interest rates to increase due to improved economic forecasts.

The USD/CAD was down 1.28 percent.

The yen pairs were heading higher as traders cycled out of safe haven assets.

The AUD/JPY was the biggest mover, up 0.93 percent, with the GBP/JPY up 0.62 percent.

The euro continued to lag other markets with Spanish bonds still not out of the woods.

The EUR/GBP was down 0.30 percent.

 
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 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.
 

This morning, financial spread betting markets are under pressure again as a follow on from Friday’s fears about Spain and lower Chinese growth.

The euro is under pressure, with the EUR/JPY down 1.01% (one month low), the EUR/USD down 0.49% and the EUR/GBP down 0.38% (lowest level since August 2010).

Concerns continue to mount over the ability of the Eurozone to control any pressure on the likes of Spain.

The yen pairs are showing the biggest movement, with the AUD/JPY down 0.85%, the GBP/JPY down 0.63% and the USD/JPY down 0.50%

The US dollar index is pushing higher, with gold slumping against the strong greenback.

Trading Today

At 13.30 we have US core retail sales with a drop expected in activity for both core and general sales.

Empire State Manufacturing index figures are released at the same time.

At 14.00 we have US TIC Long Term Purchases with a drop to 40.7bn expected.

USD/CAD Trading Idea

The USD/CAD has traditionally been a highly correlated pair which moves in one direction generally corrected over the coming days as the balance is restored.

Added to this, we can also observe that the pair’s trading range has been dropping to its lowest levels since before the credit crunch.

Given the recent uptrend, a move lower could be on the cards, but once we account for the constriction in the trading range, it might be wise to maintain some exposure to a potential breakout in either direction.

A way to trade this might be an In/Out trade skewed to the downside predicting that the USD/CAD closes outside of 0.9950 or 1.0150 in 3 days time could return 156%.

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 spread trading markets opened lower on Friday following China’s disappointing GDP figures.

It was surprising that the morning’s selling pressure wasn’t more intense considering how markets were ramped up by rumours of better than expected Chinese data.

It seemed like reality was settling in as we headed into the weekend with worrying Spanish bank borrowing data helping to fuel the sell off.

The US dollar index quickly reversed the losses from the last couple of days with the euro sinking heavily.

Commodity currencies felt the pinch with the AUD/USD down 0.73% and the USD/CAD up 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.
 

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.
 

This morning the Australian dollar is the stand out performer following better than expected employment change and unemployment data.

With its strong reliance on China, the Australian data is often seen as a proxy for assessing the health of the emerging powerhouse, therefore the wider spread betting markets have received a boost as well.

The AUD/JPY is up 1.06%, with the AUD/USD not far behind, up 0.88%.

The other commodity pairs are also receiving a boost with the NZD/USD up 0.45% and the USD/CAD down 0.34%.

The NZD/USD remains range bound at the moment though.

The yen pairs are the biggest movers overall, this time to the upside with the EUR/JPY up 0.41%. The EUR/USD is also up 0.23% after bouncing off support around 1.0303.

Trading Today

Today’s economic calendar kicks off with the ECB monthly bulletin at 09.00, with industrial production following at 10.00.

UK trade balance of the figures come out at 09.30.

We switch to North America at 13.30 with Canadian and US trade balance numbers at 13.30.

US trade balance numbers are expected to ease slightly. US PPI and unemployment claims are also released at the same time with unemployment claims expected to improve slightly.

NZD/USD Trading Idea

The NZD/USD has been stuck in a trading range in recent weeks, with the pair struggling to put more than two bullish days together in a row.

With resistance overhead and the eurozone crisis still far from resolved, there could be room for downside here despite the firm Australian employment data.

A way to trade this might be LOWER trade predicting that the NZD/USD closes below 0.8175 in 1 days time for a potential return of 193%.

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 FX spread betting markets maintained their bullish edge, but did not make much progress from the morning’s rebound.

The lack of any heavyweight data put a limit on yesterday’s positive trade higher.

The AUD/JPY lead the gainers, but the AUD/USD showed how the bulk of the day’s moves were done by the start of the European 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.
 

This morning spread betting markets are recovering strongly after last night’s sell off, with the yen pairs seeing the biggest rebound.

There is no clear catalyst so far this morning, though the stronger than expected Australian and Japanese data have helped markets recover somewhat.

The AUD/JPY is the fastest moving pair so far this morning with the AUD/JPY up 0.61%. The GBP/JPY and EUR/JPY are not far behind at +0.5% each.

The dollar pairs are displaying a similar theme, with the AUD/USD leading the charge, up 0.37%.

Trading Today

Today we have a number of middle tier economic announcements starting with US import prices at 13.30, followed by crude oil inventories at 15.30.

The US Biege Book and Federal Budget Balance follow at 19.00.

USD/CAD Trading Idea

The USD/CAD shot higher yesterday and as often happens with the closely correlated US and Canadian dollars, the pair is reverting back lower this morning.

Looking out longer term, there appears to be resistance in the 1.0050 region with the pair dropping from this level on a number of previous occasions.

Although there has already been a decent movement lower so far today, the overhead resistance level implies that there is more downside to come.

A way to trade this might be a LOWER trade predicting that the USD/CAD closes below 1.0000 in 5 day’s time for a potential return of 118%.

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 dropped significantly yesterday as the ‘risk off’ theme gathered pace.

There was an element of catch up being played following the bank holidays and Friday’s soft US Non Farm payroll data, but this could only partially explain yesterday’s sell off.

Europe was back on the radar, especially Spain as its bond yields reached 6% and its stock market plunged to its lowest level in three years.

The biggest fear with the euro crisis has been the domino effect of a large economy like Spain failing. In many ways, this is the real test.

The yen pairs saw the biggest movements as forex spread betting investors sought after perceived safe harbours.

The yen was also strengthening after the latest Bank of Japan meeting quashed hopes of further asset purchases.

The AUD/JPY was down around 1.2% as investors piled out of the highest yielding currencies.

The EUR/JPY was not far behind at -1.10%.

There was a similar theme being played out on dollar pairs with the higher yielding AUD/USD and NZD/USD leading the fallers.

 
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.