Afternoon Report: 18.00

• This afternoon the Dow Jones passed 13,000 briefly for the first time since 2008. However, away from this milestone, it has been a decidedly mixed days trading.
• The euro has made little progress through the day as analysts unpick the latest Greek bailout, with many already predicting the need for another one soon.
• The big mover has been gold, which is pushing higher by over 1.3%.

Summary: 

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This entry was posted on February 21, 2012 at 6:28 pm and is filed under Economic news, Forex, Index, Market News. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/21/afternoon-report-bailout-scepticism-keeps-lid-on-rally/

Morning Report: 08.30 London

• This morning offers further proof  that financial markets are forward looking machines. After yesterday’s pre-announcement rally, the euro is unchanged this morning on the official confirmation of a Greek debt deal.
• The EUR/ USD is unchanged while the EUR/ JPY is up 0.28%, primarily on the back of further yen weakness, with the USD/ JPY up another 0.23%.

• The biggest movements this morning are coming from down under with the AUD/ USD off by 0.39% and the NZD/ USD off by a similar margin. This follows hints from the Reserve Bank of Australia that it has room for monetary easing if required.

• Gold looks like it may be putting two consecutive up days together for the first time since the start of the month.

•  Coming up today we have UK public sector net borrowing at 09.30 with a drop in borrowing expected.
• Running in the background all day we have a meeting of European Economic Finance Ministers.
• Canadian retail sales follow at 13.30 with wholesale sales released at the same time.

Bet Idea:

• The AUD/ USD has been particularly prone to pull backs this year with an up day often followed by a down day.
• Applying the 2 period RSI to the pair and buying on weakness (RSI below 50) and selling on strength would have been profitable since January 2011. Buying into weakness in this way has a 65% success rate on the pair, but this would this normally wouldn’t be much of a trading strategy because the losses when they do come are very large.

• With fixed odds betting things are a little different though so today’s dip could present a buying opportunity.
• A HIGHER trade predicting that the AUD/ USD closes above 1.0750 in 1 days time could return 116%.
• You can find direct links to this trade idea here and here.

Summary: 

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This entry was posted on February 21, 2012 at 8:44 am and is filed under Economic news, Forex, HigherLower, Index, Market News, Trading Ideas. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/21/morning-report-euro-shrugs-off-greek-deal/

Afternoon Report: 18.00

• With US stock markets closed today and a lack of any real economic data, forex markets are pretty much as they were at the start of the European session. The main exception is the euro which has leapt on news that a Greek deal may finally be in the offing.
• The EUR/ USD is up 0.82% with the EUR/ GBP up 0.68%.

Summary: 

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This entry was posted on February 20, 2012 at 5:56 pm and is filed under Economic news, Forex, Index, Market News. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/20/afternoon-report-euro-jumps-as-greece-inches-towards-a-deal/

Morning Report: 08.30 London

• This morning markets are extending their recent 2012 rally after Chinese authorities opted to pump more money into the economy and the Greece inched closer to a resolution. The FTSE 100 is up over 0.50% in early trading with US index futures up by around 0.2%.
• The main ‘risk on ‘ currencies are leading the rally with the NZD/ USD up 0.87% and the AUD/ USD up 0.49%.

• The euro is also pushing higher with the EUR/ USD up 0.41% and the EUR/ GBP up 0.20%.

• The USD/ JPY‘s rally is showing signs of slowing this morning with the USD/ JPY down by 0.10%.

Coming up today: 

• There’s no meaningful economic data due out today and volatility could be extra light due to the US Bank Holiday.

Bet Idea: 

• The USD/ JPY has been on strong rally lately as the yen backs off. The pair has been as high as 79.80 this morning, a level that has previously acted as a support point. Previous support can often act as resistance, so if the current USD/ JPY run is to stop, here is a good a place as any.

• A good way to play this might be a LOWER trade predicting that the USD/ JPY closes below 79.25 in 3 days time for a potential return of 107%.
• You can find direct links to this trade idea here and here.

Summary: 

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This entry was posted on February 20, 2012 at 8:42 am and is filed under Economic news, Forex, HigherLower, Index, Market News, Trading Ideas. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/20/morning-report-markets-rally-on-chinese-money-easing/

Afternoon Report: 18.00

• It’s been a mixed day’s trading with the main theme being the continued weakness shown by the Japanese yen.

Summary:

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This entry was posted on February 17, 2012 at 5:46 pm and is filed under Economic news, Forex, Index, Market News. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/17/afternoon-report-yen-extends-losing-streak/

Morning Report: 08.30 London

• This morning markets are showing impressive resilience in the face of ongoing Greek difficulties. The Dow Jones close up nearly 1% higher last night as traders chose to focus more on the better than expected US economic data.

• This optimism is good news for the commodity currencies of the Aussie and Kiwi dollar, especially against the yen which continues to weaken. The NZD/ USD is up 0.35% with the AUD/ JPY extending its up trend, up 0.35%.

• The USD/ JPY is up another 0.25%, its highest level since August last year. The weakness is helping extend the trends of other yen pairs such as the GBP/ JPY.

• Coming up today we have UK retail sales at 09.30 with a slowdown expected.
• Canadian core CPI and leading index follow at 13.30.
• US CPI and Core CPI are released at the same time.

Bet Idea: 

• The normally trend following NZD/ USD remains stubbornly range bound, as do many other dollar pairs. It’s not hard to see why, with Greek worries cancelling out better than expected economic data. This also may present an opportunity. If either of these situations ease in the short term the Kiwi could resume its previous trend following characteristics. We’ve already had two false breakouts so the third push through the range could be meaningful.

• A good way to play this might be an IN/ OUT trade predicting that the NZD/ USD closes outside of either 0.8200 or 0.8400 in 3 days time (Monday 20th) for a potential return of 221%.
• You can find direct links to this trade idea here and here.

This is presented as an idea to stimulate your own trading ideas and is not financial advice. 
 

Summary: 

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This entry was posted on February 17, 2012 at 8:40 am and is filed under Economic news, Forex, HigherLower, Index, Market News, Trading Ideas. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/17/morning-report-markets-show-impressive-resilience/

Afternoon Report: 18.00

• This afternoon markets have rallied on the back of stronger than expected US economic data. Unemployment claims Core PPI and the Philly Fed Manufacturing Index all came in above expectations. As the dollar has been popular as a ‘safe haven’ trade, the good news has caused the Greenback to fall.
• The biggest dollar gainers have been the GBP/ USD which is up 0.61% and the AUD/ USD which is up 0.54%.

• The USD/ CAD is back below parity, down 0.32% on the day.

• The yen has continued to fall back, with the USD/ JPY rallying another 0.64%. This has helped push the GBP/ JPY higher by 1.20%.

• The euro continues to lag though with the Greek saga still running in the background. The EUR/ GBP is down 0.30% on the day.

Summary: 

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This entry was posted on February 16, 2012 at 5:57 pm and is filed under Economic news, Forex, Index, Market News. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/16/afternoon-report-markets-rally-on-us-economic-data/

Morning Report: 08.30 London

• This morning markets are trading lower on news that the second Greek bailout may be delayed until March 2nd. According to the FT, European officials are sceptical about Greece’s willingness or ability to meet the conditions of such a bailout. On the other side, Greek leaders are increasingly pushing back against what they see as outside interference.
• US stock market futures are down 0.40% with European markets expected to open lower by a similar margin.
• The euro is down for the fifth day in a row, with the EUR/ USD off by 0.35% and testing the 1.3000 level. The EUR/ GBP is off by 0.31% as the pound shows relative strength.

• The biggest faller is the NZD/ USD which is off by 0.64% in early trading. The Aussie is faring better after better than expected employment data.

• The yen has continued to weaken with the USD/ JPY trading at what would be its highest closing level since August.

Coming up today: 

• Coming up today we have a number of US economic data points released at 13.30 including US building permits, PPI and unemployment claims.
• At 14.00 Fed chair Ben Bernanke speaks, while at 15.00 we have the Philly Fed Manufacturing Index.

Bet Idea:

• Many are sceptical of the long term viability of Greece remaining in the euro in the medium term, and rightly so. However, in the short term, things are a lot more difficult to predict. One confident or reassuring headline from European or Chinese leaders can be enough to bring significant short term relief.
• The EUR/ GBP has been beaten up over the last two days, but the British economy itself is no bed of roses.  The EUR/ GBP has been more likely than not to rebound in such situations. So although there is a risk of further downside, there is a fair chance of a rebound here. It’s a good example of where fixed odds trading can be extremely useful. If the euro plunges to the abyss, the risk is limited.

• A HIGHER trade predicting that the EUR/ GBP will close above  0.8325 in 1 days time could return 166%.
• You can find direct links to this trade idea here and here.

Summary: 

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This entry was posted on February 16, 2012 at 8:39 am and is filed under Forex, Economic news, HigherLower, Market News, Trading Ideas, Index. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/16/morning-report-markets-lower-as-greek-deal-slips-away/

Morning Report: 08.30 London

• It’s seems the bulls really do have the bit between their teeth at the moment. Despite lingering doubts are about Greece’s long term future, the dips have been shallow the mood generally positive. Last night US stock markets closed near break even with stock market futures trading 0.52% higher this morning.

• The euro is pushing higher, though lagging the commodity currencies after traders bought into the prospect of China helping the eurozone bail out Greece. Whether this will actually happen remains to be seen. The EUR/ USD is up 0.27%.

• The commodity currencies are once again on the charge with the AUD/ USD, AUD/ JPY NZD/ USD all up by around 0.47%. The USD/ CAD is following suit, down 0.33% and trading below the 1.000 level (A down move on the USDCAD implies Canadian dollar strength).

• Gold is pushing higher after a couple of days of indifferent trading, up 0.43% this morning.

Coming up today: 

• Coming up today we have UK unemployment count change at 09.30 which is expected to come in slightly higher. The unemployment rate is also expected to remain at 8.4%.
• At 10.30 Bank of England governor King speaks, with the BOE inflation report released at the same time.
• From 13.30 we have a number of important US economic announcements including US Empire state manufacturing index with TIC long term purchases released at 14.00.
• The minutes from the last FOMC meeting are released at 19.00.

Bet Idea: 

• Last week the NZD/ USD was stuck within a trading range between 0.8400 and 0.8300. The lower range was broken on Friday and the upper range looks under threat this morning. Given the NZD/ USD nature is more typically trend following than being range bound, this upper breakout may have legs.

• A good way to play this might be a HIGHER trade predicting that the NZD/ USD closes above 0.8450 in 2 days time for a potential return of 219%.
• You can find direct links to this trade idea here and here.

Summary: 

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This entry was posted on February 15, 2012 at 8:41 am and is filed under Economic news, Forex, HigherLower, Index, Market News, Trading Ideas. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/15/morning-report-markets-rally-on-chinese-euro-support/

Afternoon Report: 18.00

• This afternoon financial markets have been on the back foot for most of the day following the negative outlook from Moody’s this morning. There have been a number of important marketing moving events through the day as follows:
• This morning, UK inflation figures came in below expectations, sending the GBP/ USD 0.46% lower on expectations that the Bank of England will be able to keep rates on hold for a longer period.

• The euro is not immune either following news that Greece’s recession has deepened. With EUR/ USD is down 0.35%.

• Its a different story with the yen pairs though with the USD/ JPY rallying over 1%. Against the yen, the euro looks fairly strong, with a gain of 0.68%.

Summary: 

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This entry was posted on February 14, 2012 at 5:52 pm and is filed under Economic news, Forex, Index, Market News. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/14/afternoon-report-markets-swing-lower-on-economic-crosswinds/

Morning Report: 08.30 London

• The two main themes this morning are continued yen weakness and the impact of the credit ratings agencies ‘negative outlook’ being applied to the UK.
• The USD/ JPY is up 0.45%, testing the 2012 highs following downbeat comments from this morning’s Bank Of Japan press conference and an expansion of its asset buying program. Industrial production also came in below estimates.

• The rating agency’s negative outlook for the UK has hit the headlines, but the pound is relatively unaffected. The EUR/ GBP is up 0.05% while the GBP/ JPY is up 0.18%.

• The higher yielding commodity currencies are falling the most this morning with the AUD/ USD down 0.38%. Gold is on a similar path and down by the same amount.

Coming up today: 

• Coming up today we have UK inflation data at 09.30 with CPI expected to drop significantly to 3.6% and RPI expected to drop to 4.1%.
• German ZEW Economic Sentiment follows at 10.00 with a reduction in negative sentument expected.
• US core retail sales follow at 13.30 with a jump to +0.6% expected.

Bet Idea: 

• The USD/ JPY is heading for the 78.00 buffer zone that has proven so troublesome in the past.

• Since November, the pair has made little progress past this level, so it could be a good opportunity for a LOWER trade.
• A LOWER trade on the USD/ JPY predicting that the pair closes below 78.00 in 6 days time could return 108%.
• You can find direct links to this trade idea here and here.

Summary: 

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This entry was posted on February 14, 2012 at 8:35 am and is filed under Economic news, Forex, HigherLower, Index, Market News, Trading Ideas. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/14/morning-report-yen-heads-for-2012-highs/

Afternoon Report: 17.30

• It’s been a relatively quiet afternoon with no real economic news. As quite often happens, the rally has dissipated somewhat as analysts unpick the weekend headlines from Greece. Still, the main ‘risk on’ pairs if the AUD/ USD and NZD/ USD have held on the to the bulk of their gains.

• By contrast, the dollar has eaten into the morning’s euro erophoria with the EUR/ USD now back to break even on the day.

Summary: 

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This entry was posted on February 13, 2012 at 5:23 pm and is filed under Economic news, Forex, Index, Market News. You can follow any responses to this entry through the RSS 2.0 feed.
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Article source: http://betonmarketsdailyreport.wordpress.com/2012/02/13/afternoon-report-markets-step-off-the-gas/