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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, May 5, 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 market open, as traders are coming back from a long weekend. With only the UK purchasing managers index being released today, we can expect a very quiet morning. Look for the FTSE to stay quiet most of the day.
    Crude oil is trading around the 54 dollars per barrel level, which is around a five-month high as pending sales of U.S. existing homes jumped along with spending on construction projects, signaling energy demand may improve with the economy. Oil prices are likely to test the 56 dollars per barrel level before running into resistance
    While this recent strength in the price of oil has pushed the USD/CAD lower, analysts are predicting oil prices to fall again. Should that happen, they will take the CAD with them, which is where our play comes in. a 27 day Bull bet, which pays if the USD/CAD closes on June 1st above 1.2000. The bet pays 189%, a good speculation play in my books.


    Predicted opens as of 06:00 GMT
    FTSE: 4316.2 (+1.3)
    CAC40 3251.00 (+17.50)
    DAX30 4904.3 (+15.3)
    DOW: 8391 (-36)
    SP500 903.28 (-2.50)
    Gold: 904.00 (+2.00)
    Oil: 54.00 (-0.47)
    Contacts:


    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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