Morning Report: 08.15 London
 

• Financial markets are in ‘risk off’ mode this morning, after the world’s largest company, Apple released a profits warning ahead of Christmas. Stock market futures are falling, while the dollar index is back in favour.

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• The main mover is the Japanese yen as traders seek out traditional safe havens. The USD/JPY is down 0.44%, with the AUD/JPY the days main mover, down 0.85%. The EUR/JPY and GBP/JPY are not far behind at -0.59%.

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• As the dollar index recovers, gold is heading in the opposite direction, with the precious metal down 0.44%.
 

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Coming up today:

• Coming up this morning, we have Spanish unemployment figures at 08.00.??

• Through the afternoon, we have US advanced GDP data, with an advance of 1.9% expected at 13.30. Revised UoM Consumer Sentiment follows at 14.55.?


Bet Idea:

• The USD/JPY is falling back this morning after making strong gains this week. The could be some way to go though, as the sentiment against the yen has reached extreme levels.

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A good way to play this might be a LOWER trade predicting that the USD/JPY closes below 79.50 in 7 days time for a pote ntial return of 165%.

 

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

Summary:  

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