Fixed Odds Trading » Financial Market Analysis

Fixed Odds Trading Tip – AUD/USD One Touch Bet

admin — Thu, 11 Feb 2010 08:52:23 +0000

AUD/USD - Daily Candle Chart One Touch 11th February 2010

For fixed odds trading this morning the currency to watch is the Aussie Dollar, which is already up by 1.5% in early trading, with the Aussie vs Yen also up by a similar percentage at 1.30%. This dramatic move has also helped to drag the New Zealand dollar to the upside, with the NZD/USD currency trading up by 0.75%. The reason for the move higher was the release overnight of the Australian employment data, which came in well ahead of forecast at 52.7, and exceeding analysts forecasts of 15.1 by some margin. This news coupled with the recent move by the Australian Government to remove its guarantee of banking deposits. has been seen by the markets as a signal that the worst of the recession is now over, and the these two news items have combined to produce the surge higher seen in the currency markets today. Whilst the AUD/USD remain well below the highs of 2009, this is nevertheless and encouraging signal for AUD/USD bulls, and my fixed odds trading tip for today is to bet that this pair will achieve a price of 0.94 in the next 55 days. If correct this bet will return 250%.

The MT4 platform from ODL offers all the above with the choice of either mini or standard trading accounts so you can begin to trade with as little as 500 euros so why not download your free demo copy of the metatrader 4 software by clicking on the following link – download metatrader free - and get started today, and don’t forget to follow my daily posts for updates and analysis of the forex markets to help you with your forex trading – so good luck and good trading.

Fixed Odds Trading – Economic Calendar 8th February 2010

admin — Mon, 08 Feb 2010 08:18:59 +0000

It’s a quiet start to the week for fixed odds trading, with little major fundamental news due for release today, but the focus of attention in Europe will no doubt continue to be over the sovereign debt problems in both Greece and Portugal which continue to dominate the European markets and weigh heavily on the euro as a result. As always on quiet news days we could see some unexpected moves in the forex markets, with rumour and speculation driving prices, always very unpredictable!

Today sees two items of news planned for release later, the first of which is Swiss retail sales due out shortly, which is then followed by the Housing Starts data in Canada, which unlike Europe, has been improving steadily following the long deep recession of the last two years, no doubt helped to some extent by the Winter Olympics which are due to start in Vancouver on the 12th February.

For fixed odds trading today, the forex pair to watch is the dollar Swiss and should the numbers better than expected then this could be good news for the Swiss currency, and an opportunity to enter the market with a no touch bet this morning over the next few hours. This afternoon look for fixed odds trading opportunities in the usd to cad pair, where the forecast is for an improvement once again from 175,000 last time to 180, 000 this time, and if the number is better than expected then again this will be good news for the Canadian dollar.

Fixed Odds Trade – Pounds vs Dollars 21st July 2009

admin — Wed, 22 Jul 2009 13:13:59 +0000

Pound vs Dollar - Daily Candle Chart 21st July 2009

The FTSE, CAC and DAX opened up in mildly positive fashion. US markets rallied late into the close to push the wider benchmark S & P 500 index into positive territory for the year. Other markets such as the FTSE 100 still have some way to go to achieve this milestone, but at least it is a positive sign. Yesterday in the US, earnings, data and sentiment all combined to push markets higher and that momentum carried over onto Japanese markets overnight. Today’s market moving events include UK Public Sector Net Borrowing at 08.30 GMT. This is followed by a rate statement from the Bank of Canada at 13.00 GMT where rates are expected to stay unchanged at 0.25%. Finally, Fed Chairman Ben Bernanke speaks at 14.00 GMT.

Aside from this, we have some major US companies releasing their latest profit numbers. Before the open of US markets, we have Caterpillar and Coca Cola and after the bell with have statements from Apple, Starbucks and Yahoo amongst others. Earnings from these companies could have a major impact on the Dow Jones from Midday. If economic data flow remains positive and US companies continue to surprise to the upside with their profits, there could be fireworks today.

My Fixed Odds Trade

Yesterday there was a flight from safety with the dollar and yen getting hammered. Today there’s been a partial reversal as traders book sizeable gains from yesterday. One of the biggest reversals has been on the GBP/USD (British pounds vs US dollar) which has dropped over 0.5% in early trading. With UK public sector net borrow due at 08.30 GMT, this makes the GBP/USD today’s pair in play.The 1.6500 appears to be acting as an overhead resistance level with the GBP/USD struggling to make much headway above this. A break-out trade might be a good way to play this with the barriers set to around 1.6250 and 1.6750 over the next 3 days.

Good luck with this fixed odds suggestion and remember, you can find all the latest currency trading news, live news, latest prices on the currency charts, latest movements on the index charts or commodity prices, by following the appropriate links. Remember also that if you are looking for a good fx broker or fixed odds broker, then again just click the relevant link and this will take you to a new page on the fixed odds site, and good luck with this one.

Fixed Odds Trading News – Fixed Odds Bet 20th July 2009

admin — Mon, 20 Jul 2009 11:20:57 +0000

US Dollar vs Canadian Dollar - 20 July 2009

With strong overnight markets in Asia the FTSE, CAC and DAX have started the week in positive territory. Although the bankruptcy of CIT bank in the US rumbles on, there were no significantly negative news stories over the weekend to dent the bull’s confidence. Commodities were strong in the Asian session, though miners and oil stocks have pared gains in the first hour of the European session.

This week, money is continuing to flow away from the perceived safety of the US dollar and Japanese yen and into the pound, euro and Aussie dollar. Oil continues to act as a great barometer of economic sentiment and the recovery in crude prices has helped exporting countries such as Canada. With no major fundamental news on the economic calendar the market will focus on some middle tier economic announcements affecting the Canadian dollar are 12.30 GMT. With oil prices recovering, this puts the USD/ CAD (US dollar vs Canadian dollar) as today’s pair in play.

The Canadian dollar’s recovery against the dollar has been more dramatic than similar moves in the euro and pound, thanks largely due to the accompanying rise in oil prices. This multiplier effect has the potential to push the USD/CAD ever closer to the 1.1000 level. A One Touch trade around the 1.1000 level or below over the next few days could be a good way to play this.

Breakout Trade – GBP/USD Daily Candle Chart 14th July 2009

admin — Tue, 14 Jul 2009 08:59:02 +0000

Pounds To Dollars Daily Candle Chart - GBP/USD 14th July 2009

It’s all a bit flat this morning, but this certainly won’t last. Yesterday, stock markets rallied on rumours that the profits from investment bank Goldman Sachs will tip $2 billion. This was the first positive catalyst that investors have had in a few days and they grabbed it with both hands. This morning we’re seeing the calm before the storm with Goldman’s actual results being released just before the opening of US markets. It could therefore be a volatile open for the Dow Jones depending on how well Goldman’s actual results are received. It’s not just Goldman’s results that could excite today, we have a raft of important economic announcements to come this morning. From 08.30 GMT we have UK CPI and RPI which will give trades an idea of the current inflation expectations for the UK economy. This could have a knock effect on the pound especially with MPC member Posen speaking at the same time. At 09.00 we have German and European ZEW economic sentiment which could impact the euro. Then at 12.30 we get US retails sales and PPI. It’s quiet now, but this really could be the calm before the storm today.

Fixed Odds Suggested Trade

With Goldman Sachs releasing their results from midday, and a raft of important economic announcements, dollar pairs could be in play today with the pound vs dollar potentially the most active of all the pairs. It’s relatively calm until 08.30 GMT so it may be a good time to profit from the coming volatility before it happens. A one day breakout trade could be a good way to play this as the GBP/USD can go in either direction and the trade still winning as long as it goes somewhere fast as it could do today.

Fixed Odds Markets – One Touch Trade Pounds To Dollars 13th July 2009

admin — Mon, 13 Jul 2009 10:03:24 +0000

Pounds To Dollars Daily Chart - GBP vs USD 13th July 2009

Unfortunately the new week offers no respite as the FTSE, DAX and CAC are all down by at least a third of a percent in the first hour of trading. Weekend economic sentiment drifted downwards as rumours of a second massive US stimulus package continue to grow. Today’s top economic announcement is the Bank of Canada business outlook survey at 14.30 GMT. In addition to this we have ECB president Trichet speaking at 10.30 GMT and the US Federal budget balance at 18.00. Perhaps more important than any standard economic announcement, is the start of US earnings season this week. Every quarter, US giants such as Microsoft and Apple release their latest numbers resulting in huge volatility in US stock markets as traders adjust their expectations. There is a fear that company profits will be even worse than previously expected which is one of the reasons behind recent falls.

My Fixed Odds Suggested Trade

The pound is under pressure this morning against the euro (-0.85%), the dollar (-0.88%) and the yen (-1.15%). The Aussie dollar is also out of favour, falling by similar amounts against the major currencies. Weakening commodity prices is a common factor with oil once again starting the trading session below $60. The pound is continuing to tumble this morning, making it my suggested fixed odds trade for today.

The GBP/USD (pound/US dollar) found support at 1.6000 on Wednesday, with the pair rebounding swiftly off this level. Now we’re heading for a retest and this time the 1.6000 level might not hold. A one touch trade might be a good way to play this, predicting that the GBP/USD will touch 1.5950 in the next 24 hours could return 120%. The level has to be touched just once for you to win.

Fixed Odds Markets – Trading News 8th July 2009

admin — Thu, 09 Jul 2009 07:23:46 +0000

USD vs CAD - Daily Candle Chart US Dollar Canadian Dollar

The FTSE, DAX and CAC are down by around a quarter of a percent at the open. Asian markets were weak overnight, with losses ultimately following the evening sell off in US markets. Wall Street slumped to a six week low as traders dismiss talk of green shoots. UK PM Gordon Brown has warned of a second wave in the recession and there are rumours of second massive stimulus package being required to kick start the US economy. Oil is a good barometer of economic sentiment and judging by the 5th consecutive session of declines in crude prices, the omens aren’t good. Today we have the UK Halifax House Price index at 08.00 GMT followed by Eurozone GDP at 09.00.

My Fixed Odds Trade

Currency markets are quiet so far today as traders adjust to the renewed strength in the dollar seen over the last few days. The yen pairs have seen the most action so far today with AUD/JPY the biggest mover after better than expected Australian home loans data. The biggest movement seen on a non yen pair is the USD/CAD (US Dollar/Canadian dollar) which is often influenced by the price of oil. So far the pair has moved less than the equivalent move in the price of crude and If oil keeps up the pace of declines, this relative inaction might not last. This makes the USD/CAD today’s pair in play. A break out trade can be a good way to trade a range bound market as the range cannot last forever. One way to play this would be a break out trade on the USD/CAD over 3 days with the lower level set as 1.1500 and the higher level set as 1.1850.

Financial Markets – Weekly Update For Fixed Odds Trading

admin — Mon, 29 Jun 2009 08:23:28 +0000

It was certainly a mixed week for world stock markets last week with Monday’s opening slump almost being cancelled out by Thursday’s strong rally. The S&P 500 just managed to nudge into positive territory for the week, while the FTSE, CAC and DAX could only were firmly in the red. In the US house prices fell by 6.8% in April and existing home sales fell by 3.0% providing further evidence that the housing market is still in decline. The pace of the global meltdown has slowed, but judging by last week’s US unemployment claims increase, any meaningful recovery will be very long and drawn out. After the frantic days of the first quarter, perhaps a quiet crawl back to growth might be the best outcome for the next few years. Indeed, the World Bank dimmed the lights on the nascent global economic recovery after predicting that progress would be subdued and economic output will drop by 3%.

On the currency markets, the pound managed to finish the week flat against the dollar, but lost some ground against the euro. The euro also managed to make good gains against the dollar and held firm against the Japanese Yen. Gold recovered well from a mid week dip and closed slightly up on the week. Crude oil fared slightly worse, finishing the week just below $70 for the first time in three weeks.

This week’s action starts with the UK’s Nationwide House Price Index on Tuesday and with uncertainty still surrounding the recovery, or otherwise, in the housing market could cause volatility to sterling. UK current account figures are due at 12.30 GMT and these too could have a similar impact. The Halifax House Price Index is also scheduled for release next week, although so far the exact date has not been determined.

Australian retails sales are due for release on Wednesday and are expected to show a slight improvement on the previous month. The Australian economy continues to show resilience compared with other western economies. At around midday we get the warm up to US Non Farm Payrolls with ADP employment data. It could be a volatile period with ISM manufacturing and pending home sales following just a couple of hours later.

On Wednesday we also have some central bank action from both the BOE (Bank of England) and ECB. Various MPC members are due to speak and the BOE credit conditions survey is due for release. These are followed by the ECB press conference. Meanwhile the US Non Farm payroll is brought forward one day to Thursday owing to a national holiday on Friday. With so much data we could see significant volatility in the EUR/ USD on what will, in effect, be the last trading day of the week. With US markets closed on Friday, Forex markets should be quieter than usual.

You can find all the latest currency trading news, live news, latest prices on the currency charts, latest movements on the index charts or commodity prices, by following the appropriate links. Remember also that if you are looking for a good fx broker or fixed odds broker, then again just click the relevant link and this will take you to a new page on the fixed odds site.

Fixed Odds Trade – Euro vs Yen No Touch 16th June 2009

admin — Tue, 16 Jun 2009 11:53:04 +0000

Euro vs Yen - Daily Chart For The EUR/JPY Currency Pair

The FTSE 100 index is currently indicating a weak open, as traders are waiting for the release of the UK CPI numbers, amid concerns that with low interest rates inflation might begin to rise, damaging any longer term recovery of the fragile economy, and as a result the leading UK share index is likely to start the day in the red.

Crude oil is trading below $70 a barrel in New York as a stronger US dollar limited investor demand for commodities as a hedge against inflation. Asian stock markets fell this morning, eroding optimism that fuel demand may increase. Oil prices are likely to trade in a tight range for the next few days as we push ever higher towards our next target at $75 per barrel.

Fixed Odds Trade Of The Day

My suggestion for today’s fixed odds bet is on the euro vs yen currency pair, and is a 7 day no touch bet with a trigger just above the recent high, which if correct pays 12% ROI. Good luck with this fixed odds suggestion and remember, you can find all the latest currency trading news, live news, latest prices on the currency charts, latest movements on the index charts or commodity prices, by following the appropriate links. Remember also that if you are looking for a good fx broker or fixed odds broker, then again just click the relevant link and this will take you to a new page on the fixed odds site, and good luck with this one.

Fixed Odds Trading News – Market Roundup 15th June 2009

admin — Mon, 15 Jun 2009 08:06:00 +0000

Last week, equities were dead in the water, with no meaningful moves in either direction on all the world’s major stock markets. Markets have gone from extreme volatility, to dead calm recently. The FTSE’s weekly trading range was just 135, its lowest level since May 2008 excluding Christmas. Incredibly, you have to go back as far as October 2007, to find a weekly trading range as tight as this one for the Dow Jones excluding the Christmas holiday season. In addition, the New York Stock Exchange recorded its lowest volume excluding holiday sessions, twice this week. The wild panic of the credit crunch appears to be easing, and the grim reality of a slow recovery is taking hold. It’s not as though the bad news has stopped, it’s just become more manageable, and almost predictable.

There appears to be a standoff between those who believe higher oil prices and the prospect of higher interest rates are indicators of the worse being over. On the other hand, the pessimists believe that growth will continue to falter, and higher oil prices will bring the stagflation monster out of hiding.

The optimists scored a point last week, with US jobs data topping analysts’ estimates and retails sales rising for the first time in three months. However, it will take a meaningful breakout of the recent trading range before it can be said that either the bulls or the bears have got the upper hand.

Oil finished the week up strongly, breaking through and holding above the $70 level. The pound recovered more of the ground lost last week against the dollar, and has continued to make multi month highs against the Euro and Japanese Yen. Sterling has been one of the strongest currencies over the last month, but there is still a long way to go if the pound is to reach pre Northern rock levels from almost two years ago.

This week promises to be busier, with more top tier economic announcements due. On Tuesday, the central bank of Australia releases the minutes from their last meeting, and the Bank of Japan release their monetary policy statement. Later that day we have UK CPI, German ZEW sentiment and US building permits. Wednesday brings UK claimant count change, and the release of the minutes from the last MPC meeting. Governor King is also scheduled to speak at some point in the day. After Midday we have US CPI data and Bernanke speaking. Thursday brings UK retail sales and US unemployment claims, so a busy week in prospect for fixed odds trading, with plenty of opportunities across all the markets.