Morning Report: 08.15 London

• This morning, financial markets are on the rise, with the main risk on pairs leading markets higher. The AUD/JPY is up 0.62%, the EUR/JPY up 0.61% and the GBP/JPY up 0.51%.

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• All of these moves are helped by the ongoing weakness in the yen as well as the dollar ind ex backing off. The USD/JPY is up 0.39%, with the NZD/USD up 0.44% and gold up 0.52%.

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Coming up today:

• Coming up today we have UK GDP figures at 09.30, with a rise of 0.6% expected.

• At 13.30 we have core durable goods orders, with unemployment claims released at the same time. Pending home sales are released at 15.00.

Bet Idea: 

• Yesterday the EUR/GBP dropped sharply after David Cameron’s hint about ‘good news’ was interpreted as meaning that he’d seen the advanced GDP figures and they were impressive.

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• Today’s figures may well indeed show that the UK economy is out of recession, but it’s unlikely to be a straight line from here. There may be a good opportunity to ‘sell the fact’ here as markets could be getting ahead of themselves.

A good way to play this could be a HIGHER trade predicting that the EUR/GBP closes above 0.8100 in 1 days time for a potential return of 111% if successful.

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

Summary:  

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