Fixed Odds Trading » currency trade

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.

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Fixed Odds Trading – Double Bet AUD/JPY 23rd July 2009

admin — Thu, 23 Jul 2009 10:07:29 +0000

Aussie Dollar vs Japanese Yen - Daily Chart 23rd July 2009

It’s another flat opening for the FTSE, CAC and DAX this morning as the excitement over renewed bank profits start to subside. The US earnings season continues to roll on and so far the period has passed without any landmines going off. Unfortunately, it appears that Goldman Sachs got the earnings season off to such a spectacular start that reactions to positive reports such as Apple have been muted. Earnings season gives investors a chance to assess the overall profitability of US stocks and as European stock markets usually follow the American lead, the results can have global implications. The so called Big Mac indicator will be put to test today with McDonald’s releasing their results before the US open. After the close of US markets we have results from other another global behemoth, Microsoft. At 08.30 GMT we have UK retail sales followed by US unemployment claims at 12.30. The afternoon brings US existing home sales at 14.00 and a Bank of Canada monetary policy report at 14.30.

My Fixed Odds Bet

The Yen is being hit hard in early trading as investors look elsewhere for better returns. The biggest moves have been on the GBP/ JPY, EUR/JPY and the AUD/ JPY in particular. Investors are looking particularly attracted by the higher yields available with Australian securities. This makes the AUD/JPY today’s pair in play. Currently trading around 77.20, the AUD/JPY has recently had a habit of reversing gains made in early trading. A good way to play this might be a ‘Double Trades’ predicting that the AUD/JPY will fall today. Double Trades always return 100% if correct.

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Fixed Odds Trade – GBP/USD Daily Chart Bear Trade 22nd July 2009

admin — Wed, 22 Jul 2009 13:20:28 +0000

Pound vs Dollar - Daily Candle Chart 22nd July 2009

It’s been a flat opening for the FTSE, CAC and DAX as the bulls and bears continue to trade punches. There was excitement after the close of US markets last night as Apple smashed its earnings estimates. Unfortunately this excitement has proven to be short lived and there has been a steady decline in optimism overnight. Investors didn’t get anything too bullish from Fed chairman Ben Bernanke and other company announcements such as Yahoo were a muted affair. After such a spectacular run up, a bout of profit taking or buying fatigue is natural. At 08.30 GMT today we have the release of the minutes from the last MPC meeting, followed by Canadian retail sales at 12.30, then at 14.00, Fed Chairman Bernanke continues his testimony. Aside from a number of middle tier economic announcements, these will be today’s main market movers today.

My Fixed Odds Suggested Trade

The pound is getting hammered in early trading, most notably against the dollar where it stands 0.75% down on the day. Investors are taking fright at the size of the UK debt mountain and news that up to 9% of tax revenue could go to debt repayments in the next 5 years. Money is flowing back into the perceived safety of the US dollar and Japanese yen, making the GBP/ USD today’s pair in play. 1.6500 looks like it’s becoming a tricky level to surpass on the GBP/USD. A bear trade predicting that the GBP/USD will be below this over the next few days could be best way to play this.

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 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.

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.

Fixed Odds Trading News – Fixed Odds Bet 17th July 2009

admin — Fri, 17 Jul 2009 09:15:11 +0000

Pound vs Dollar - Daily Candle Chart 17th July 2009

It’s been a good start to the day for the FTSE, CAC and DAX. This is largely down to a final hour surge in US markets last night with the European indices playing catch up this morning. Speculators rushed to take a position in Google last night ahead of their earnings announcement after JP Morgan beat expectations. Although markets are higher this morning, there are reasons to be cautious. Firstly, Google’s results were mixed with their share price plunging in after hours trading, and secondly the overnight bomb blasts in Jakarta have also forced investors on the defensive, putting the brakes on gains in financial markets this morning.

Fixed Odds Bet Today

As we saw in early trading yesterday, investors have reverted to risk averse mode, moving to safer assets overnight. The yen and dollar are in demand with the pound and Aussie dollar particularly out of favour with investors. There is little by the way of economic announcements this morning apart from US building permits at 12.30. The pound vs dollar has been one of the morning’s biggest movers and if US building permits come in better than expected, the pound’s slump could continue. One way to play this might be a one touch trade with the trigger level set at around 1.6100. A One touch trade over three days could return 259% over this period.

Fixed Odds Bets – No Touch On Euro vs Yen Daily Chart 16th July 2009

admin — Thu, 16 Jul 2009 09:00:44 +0000

Euro vs Yen - Daily Candle Chart 16th July 2009

It’s a quiet start to the day for the FTSE, CAC and DAX, with investors taking a breather after a tremendous start to the trading week. In just three days, recent fears have been swatted away as investors see reasons to be cheerful in the economy and corporate profits. The recent rally has been sparked by Goldman Sachs and Intel with other companies such as Exxon Mobil and American Express pitching in. There were no major US companies announcing earth shattering earnings after the close last night so sentiment has drifted overnight. Before US markets open, we have earnings from JP Morgan and after the close we have earnings numbers from Google & IBM. If the Californian search giant is able to beat profit estimates, we could have a week to remember with the rally this would spark. It’s a quieter day on the economic news front today with the principle piece of news being US unemployment claims at 12.30 GMT and TIC Long Term Purchases at 13.00.

My Fixed Odds Bet Today

The dollar and yen have been under pressure as investors look to take on more risk. During the wobble in recent weeks, the yen was seen as a safe haven, but with the mega rally we’ve seen this week, traders have been dumping safety in favour of the dollar and other currencies such as the euro. This morning we’re seeing a reversal of that trend with the yen strong across the board, especially against the euro and Aussie dollar. This makes today’s pair in play the EUR/ JPY (euro vs Japanese Yen). If the recent rally falters, we could see further strength in the yen. The best way to play this might be a No Touch trade predicting that the EUR/JPY won’t rise again and touch something like 133.00 over the next 5 days. This currently could yield around 100%.

Fixed Odds Trade Of The Day, Expiry Miss – 15th July 2009

admin — Wed, 15 Jul 2009 13:20:46 +0000

Euro vs Dollar - Daily Candle Chart 15th July 2009e

It’s been a strong opening for the FTSE, CAC and DAX with the main European indices up between 0.5% and 1.2%. The prospect of higher than expected earnings from US companies is getting traders excited after Intel produced encouraging results late last night. Asian markets kept the momentum going and markets look set for another good day. We’ve a very busy day on the economic news front with UK claimant count change, average earnings and unemployment rate at 08.30 GMT. At 09.00 we get the release of European CPI numbers. At 12.30 we have the first of a stream of US economic announcements starting with US CPI, then various announcements leading up to the release of the last FOMC meeting minutes. Markets seem to be in a bullish mood and any one of these announcements could push shares even higher today.

My Fixed Odds Suggested Trade

The Euro is in play today on the currency markets, rising strongly against the dollar especially. With a steady stream of announcements due today that could impact on the dollar, and the euro vs dollar could be where the main price action is today. A two day expiry miss might be the best way to play this trade. An expiry miss wins if the pair is below your lower target or above your higher target within that time. Basically, as long as it moves out of a trading range and stays there, you win.

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.