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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 30, 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 flat open, as traders are waiting for the release of the UK Nationwide house prices. Analysts are expecting for UK homes prices to fall by 1.2% month over month, however there are some indications that the numbers might be worse then expected. The FTSE is very likely to open the day in the red.
    Crude oil is trading just above the 51 dollar mark, as a surge in equity markets increased optimism that the global economy and fuel demand will recover soon. U.S. and Asian stock markets gained on better-than-expected earnings and factory output data in Japan. There is a risk that oil prices might try and test the 55 dollar per barrel mark by the end of the week.
    Here is a play that has some value to it.
    A 14day no touch on the EURO/USD with a 1.3700 trigger pays 21% ROI

    Predicted opens as of 06:00 GMT
    FTSE: 4182.5 (-4.5)
    CAC40 3112.70 (+2.20)
    DAX30 4696.6 (-12.4)
    DOW: 8197 (+22)
    SP500 875.63 (+4.25)
    Gold: 895.15 (-4.70)
    Oil: 51.24 (+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.

    BetOnMarkets.com
     

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