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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 29, 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 rumours that todays US GDP numbers might be stronger then expected has traders ready to press the buy button. Analysts are expecting for a reading of -4.7% however some traders are now only pricing in a -4% loss. Just a warning, that should the number come out as expected, look for the markets around the world to take a dive.
    Crude oil is trading around the 49 dollars per barrel mark on concern that fuel demand will drop as the swine-flu outbreak causes delays in the recovery from the global recession. The U.S. Energy Departments supply report will be out later today, which may show another buildup, which can cause oil prices to test the 45 dollar per barrel mark.
    With there being a risk for oil prices to fall, we can expect the USD/CAD to follow so a no touch on the USD/CAD for 14 days with a trigger at the 1.1900 level pays 68% ROI.


    Predicted opens as of 06:00 GMT
    FTSE: 4112.6 (+23.8)
    CAC40 3060.70 (+12.70)
    DAX30 4616.9 (+8.4)
    DOW: 8056 (+45)
    SP500 858.98 (+4.75)
    Gold: 892.70 (-1.65)
    Oil: 49.47 (-0.32)



    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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