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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 24, 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 strong open, as rumors of better then expected UK retail sales numbers have traders ready to jump back into the market. This morning, we can expect lots of volatility as UK will unveil its retail sales as well as the GDO numbers. We so much uncertainty ahead of the opening bell, its hard to predict where the FTSE will open this morning.
    Crude oil is trading around the 49 dollars per barrel level, after rising in the past three days as U.S. equity markets gained and the dollar dropped against the euro, bolstering the appeal of commodities. The decline in the U.S. currency increased demand for crude and precious metals as a hedge against inflation. Look for oil prices to test the 50 dollars per barrel mark today.
    Here is a good value play
    A no touch bet on the euro/usd with a trigger at 1.28 for 7 days pays 8% ROI

    Predicted opens as of 06:00 GMT
    FTSE: 4045.1 (+33.6)
    CAC40 3027.80 (+20.50)
    DAX30 4573.7 (+42.2)
    DOW: 7939 (-23)
    SP500 848.58 (-3.00)
    Gold: 905 (-0.85)
    Oil: 49.29 (-0.38)



    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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