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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 20, 2009.

  1. Erik

    Erik BetOnMarkets Representative

    Jul 23, 2008
    Likes Received:
    Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

    The FTSE currently indicates a weak open, even after the righmove house prices index showed that home prices have increased for the third straight month. It now seems that while the housing situation is improving, the equities market is expecting a faster recovery. With no other economic news today, look for the FTSE to open in the red.
    Crude oil trading around the 52 dollars per barrel mark as reports this week may show any economic recovery in the U.S., the worldメs biggest oil user, will be slow to develop. Traders will probably wait until the inventories report to see if a move above the 55 dollar level is warranted.
    Here is a good value play
    A break out play on the euro/usd with the upper level being 1.32 and the lower one being 1.27 for 11 days pays a 20% ROI.

    Predicted opens as of 06:00 GMT
    FTSE: 4073.9 (-21.4)
    CAC40 3082.70 (-5.60)
    DAX30 4642.2 (-7.3)
    DOW: 8086 (-46)
    SP500 864.53 (-5.50)
    Gold: 865.90 (-1.05)
    Oil: 52.23 (-0.21)

    BetOnMarkets.com is the worlds leading fixed odds financial trading website. Since inception in 2000 it has processed over 15 million trades on financial indices, UK and US equities, gold and currencies. Over 130,000 clients have the ability to place trades from 1 to 25,000 GBP.


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