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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 21, 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, as traders are waiting for the release of the UK CPI numbers. Analysts are worried that inflation might grow faster then expected especially since the UK interest rate is at an all time low. The FTSE is most likely to open in the red this morning.
    Oil prices are back under the 50 dollars per barrel level, as analysts are worried that the economy is in worse shape then previously predicted. There will be a few economic reports released this week that have a chance to seriously move oil prices. They will be released later this week, look for oil prices to stabilize under the 50 dollars per barrel level.
    Here is a good value play
    A no touch on the USD/CAD for 9 days, with the trigger at 1.1945 returns 12% ROI.

    Predicted opens as of 06:00 GMT
    FTSE: 3967.7 (-17.8)
    CAC40 2952 (-14.30)
    DAX30 4474.6 (-14.7)
    DOW: 7866 (+20)
    SP500 836.28 (-0.50)
    Gold: 886.45 (+1.45)
    Oil: 48.70 (+0.27)

    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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