BetOnMarkets.com Morning Report
The effects of last weeks US employment numbers
seem to linger, as all the equity markets are indicating a weak start to the
week. With no economic news out of UK this morning, the FTSE is likely to open
on Monday in the red.
Crude oil fell to the lowest in five weeks on a
stronger dollar and speculation that the ongoing recession in the worlds largest
economy will curb the demand for oil. An attack on Nigerian oil fields has
helped to put some support for oil prices; however that might not hold for long
should the bigger traders decide to dump their inventory. Oil prices are likely
to test the 63 dollars per barrel level this week.
Trade Of The Day
With the AUD/USD being stuck in a 4 cent between 0.7800 and 0.8200
for the last month, a 7 day barrier range bet on the AUD/USD with triggers at
0.7725 and 0.8250 which pays 38% ROI seems like a good value bet.
Predicted opens as of 06:00
GMT:
FTSE: 4231.7 (-13.6)
CAC40:
3112.1 (-10.7)
DAX30: 4703.0 (+4.0)
DOW:
8251 (-51)
SP500: 891.93 (-6.25)
GOLD:
930.50 (-2.25)
OIL: 65.26 (-0.42)
