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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 23, 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 very weak open, as traders are organizing their portfolio ahead of tomorrows UK GDP report. Analysts are expecting a contraction of almost 2% for the first quarter. However there has been talk that the number could come much worse then that. The FTSE is likely to spend the day in the red.
    Crude oil is currently trading around the 48 dollars per barrel mark after the risk of widening bank losses dragged U.S. equities and other commodities lower. Oilメs two-day climb stalled after lenders including Wells Fargo & Co. said credit markets havenメt recovered yet. Adding to the weak crude price is the report from U.S. regarding the oil inventory which rose for a seventh week to its highest level since September 1990.
    Here is a good value play
    A bull/bear bet, on the FTSE closing below 4005 on April 30th returns a 99% ROI

    Predicted opens as of 06:00 GMT
    FTSE: 3978.8 (-46.5)
    CAC40 2971.40 (-40.40)
    DAX30 4528.2 (-62.1)
    DOW: 7839 (-43)
    SP500 837.08 (-2.00)
    Gold: 892.00 (+2.25)
    Oil: 48.51 (-0.34)


    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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