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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 22, 2009.

  1. Erik

    Erik BetOnMarkets Representative

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    Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

    The FTSE currently indicates a stronger open, as traders are hoping that the UK employment numbers will hint at an improving economy. Also being released this morning is the minutes from the last meeting of the BOE. With all this data, we can expect a very wild morning for the FTSE.
    Crude oil is trading just under the 50 dollars per barrel level following gains in U.S. equities, after Treasury Secretary announced that モvast majorityヤ of the nationメs banks passed the capitalization stress test. Crude futures rose as financial shares led U.S. equities higher. Energy prices also increased as the euro climbed against the dollar, bolstering the appeal of commodities as an alternative investment. Oil prices are likely to be quiet today, until the release of the inventory numbers later in the day.
    Here is a good value play
    A no touch on the USD/JPY for 8 days, with a trigger at 102.00 pays 11% ROI.


    Predicted opens as of 06:00 GMT
    FTSE: 4013.1 (+30.1)
    CAC40 3001.70 (+28.90)
    DAX30 4533.3 (+36.3)
    DOW: 7948 (-14)
    SP500 847.83 (-2.75)
    Gold: 883.30 (+2.20)
    Oil: 49.02 (+0.57)


    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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