Pound vs Yen - Daily Candle Chart GBP/JPY 9th July 2009

There is a divergence in the fortunes of the FTSE, CAC and DAX in early trading this morning. The FTSE 100 is up a third, while the CAC and DAX are up 0.5% and 1% respectively. The commodity heavy FTSE is suffering as oil prices remain under pressure. This morning we have the ECB monthly bulletin at 08.00 GMT followed by UK trade balance at 08.30 GMT. Today’s top announcement is the Bank of England rate statement due at 11.00 GMT. Rates are highly likely to remain unchanged, but traders will be looking for some significant comments on quantitative easing from governor King that could spark some volatile action. Canadian housing starts follow 12.15 and US unemployment claims at 12.30 could also cause so big movements in North American markets.

Fixed Odds – Suggested Fixed Odds Bet Today

There was a huge increase in yen pairs yesterday and a corrective move is in place this morning. The yen increased by 3% against the dollar in just a few days, causing Japanese officials to blame speculators. The dollar is also under pressure as confidence returns to financial markets and the dollar’s safe haven status seems less attractive. Predictably the yen pairs are in play this morning with the EUR/JPY (Euro vs Japenese Yen) and GBP/JPY (Pound vs Yen) moving nearly 1% this morning alone. With a rate announcement due from the bank of England today, today’s pair in play is GBP/JPY. The GBP/JPY hit 146.75 and is now trading around 150, but for now the longer term trend is still intact and the 146.75 level could be revisited in the next couple of days. A good way to play this might be a one touch trade which returns a profit if the level is hit just once. At current levels a one touch trade predicting that the GBP/JPY will hit 146.75 in the next 4 days could return 183%.

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.

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.

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.

Euro vs Dollar - Euro To Dollar Daily Chart 3rd July 2009

The FTSE 100 index is currently indicating a flat open, as traders are wait for the release of the UK Purchasing Managers service index, due out shortly. With the US off for a long weekend for the 4th of July celebrations, this might be a very quiet trading session across all the markets, but in equities in the UK the FTSE 100 will need less then 30 points to finish the week in the positive territory.

Crude oil is heading for a third week of declines after a U.S. report showed unemployment in the worlds largest energy consuming nation last month rose to the highest in almost 26 years, with the release yesterday afternoon of the monthly NFP data. The numbers were far worse than forecast coming in at -467,000 against a forecast of -360,00, suggesting that the anticipated recovery is some way off. Meanwhile in Europe the ECB kept rates on hold once again, and as expected. Adding to yesterdays sell off were traders who had been buying heavily in oil futures, on speculation that the US employment data would improve. As a result there was a flight to the safe haven currencies of the US dollar and the Japanese Yen once again.

Fixed Odds Trade Of The Day

The euro vs dollar failed to breach the 1.4200 level in the last few weeks, but another run at the number is probably on the cards in the short term despite yesterday’s fall. A one touch bet on the Euro/USD with a 6 day term and a 1.4200 trigger pays 133% ROI if correct. 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.

Pound vs Yen – Daily Candle Chart For Currency Rates 1st June 2009

The FTSE 100 is currently indicating a flat open, as traders are waiting for the release of the UK Purchasing index for Manufacturing. Analysts are expecting an improvement over last months reading of 45.4, which could signal that there is optimism for a recovery in the manufacturing sector,despite yesterdays truly appalling GDP data in the UK.

The price of oil tumbled from an eight month high as U.S. consumer confidence declined in June, indicating lower fuel demand. The UK economy shrank by the greatest amount since 1958, after the final GDP reading showed worsening conditions. Oil prices are likely to continue to trade around the 70 dollar level, as traders are worried that the economy has not yet hit rock bottom.

Fixed Odds Trade Of The Day

The GBP/JPY failed to clear the 160.00 price level last time, however yesterday’s  inside candle suggests another run at the resistance area. My suggestion for today’s fixed odds trade is therefore a 2 day one touch on the GBP vs JPY currency pair with a trigger at 160.00. If correct this pays 41% 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.

Pound vs Yen - Daily Chart 23rd June 2009

The FTSE 100 is currently indicating a weak open, as investors are worried that the sell off that started yesterday is set to continue, as the markets begin to realise that the sentiment that has taken equity markets soaring, may have been overdone. Indeed many investors now believe that the markets have been trading on optimism rather than fact for too long, and this week may be a seminal one, with increased volatility and a change in market sentiment as we wait for Wednesday and the FOMC statement. This effect is likley to be seen across many markets including commodities, currency and equities. With both the Nikkei and the Australian ASX200 closing down more then 3% there are concerns that the bad news is not over, with the FTSE 100 likely to open in the red.

Crude oil is trading around the 66 dollars per barrel level after the World Bank predicted that the global recession will be deeper than forecast, raising concern fuel demand will shrink. Oil dropped more than $2 a barrel yesterday after the bank projected the world economy will contract 2.9 percent this year, more than an earlier projection of 1.7 percent.

Fixed Odds Trade Of The Day

With the GBP/JPY breaking below the 155.00 level, this opens the door for a test of the 150.00 level. A 3 day one touch option on the GBP/JPY with a trigger at 152.00 pays a potential 148% ROI if correct. 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.

Crude oil continues to trades near the $71 a barrel mark, and is set to mark its first declining week since early May. Oil prices have enjoyed support at the 70$ mark on expectations that an economic recovery will increase fuel consumption, and the sideways consolidation on the daily oil chart, suggests that this may provide the springboard to a move higher, to retest the $75 per barrel price level. The moving averages seem to be providing support and it would not be a great surprise to see this level reached in next weeks trading. Gold and silver traded sideways again yesterday, but both found support from their respective 40 day moving averages, always a positive signal when looking for technical trading signals. This would seem to suggest that these two commodities have found a base from which to build once again, but much will depend on the performance of the equity markets in the next few days, coupled with any return to strength for the US dollar.

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.

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.

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.

Euro vs Yen - Daily Chart EUR/JPY Currency Rates 10th June 2009

The FTSE 100  is currently indicating a flat open, as traders are waiting for the release of  the UK industrial production numbers before deciding where the FTSE index will go next. While analysts are expecting an improvement from the latest numbers, there is concern that they could be are overly optimistic, and the pattern for this morning’s share trading and the FTSE 100 opening price will greatly depend on the economic data later in the trading session.

Crude oil prices continue in bullish tone, with the price of oil currently trading above the 70 dollars per barrel level after an industry group reported U.S. crude stockpiles dropped and the dollar declined, bolstering the appeal of energy as an alternative investment. In the short term we can expect to see oil reach the $75 per barrel outlined by OPEC ministers at their recent meeting, and thereafter we may see a period of consolidation at this level in the medium term.

Fixed Odds Trade Of The Day

It seems as though the euro has hit a wall against the Japanese yen, with prices currently stalled in the 137.75 region  and from a technical perspective we have a shooting star coupled with a ‘hanging man’ bearish signal on the daily chart. Whilst all three moving averages are currently pointing higher, there are signs of weakness in the current rally and therefore my suggested fixed odds trade today is a 7 day no touch bet on the EUR/JPY with the trigger at 142.5o. If correct this offers a 12% return on investment.

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.

Crude oil is up in early trading once again, as most Asian stocks rose after economist Paul Krugman said the U.S. recession may end this year, coupled with increasing demand oil, which also received a further boost as the US dollar declined, raising the appeal of commodities as a hedge against a weaker U.S. currency. Oil prices are likely to continue to test the 70 dollar level today, and possibly push on towards the $75 per barrel outlined by the OPEC members at their last meeting in Austria.

My Fixed Odds Trade Of The Day

My suggestion for today on the fixed odds market is once again in the currency markets, and this time the euro vs yen pair,  with a 7 day no touch bet on the EUR/JPY with a trigger at 140.00 which pays  a 24% return if correct. Good luck with this fixed odds bet 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.