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Date Posted: 00:54:07 11/07/12 Wed
Author: Charisse Bartoli
Subject: Obama Elected – Markets rally

Whether it is due to an Obama victory, or, simply relief that the whole thing is over, markets are pushing higher this morning. After a shaky start in the small hours of the morning, S&P 500 futures are pointing to a higher open for world markets, while the dollar index drops off from recent highs. The big winner is gold, which continues to rally from last week's lows. The euro is also moving well, as the Greek austerity vote nears the event horizon. Other dollar pairs are also following suit, with the AUD/USD up by 0.36% and the USD/CAD down by 0.36%.

Coming up today, we have European retail sales at 10.00, followed by German industrial production at 11.00. The Greek debt vote result should also come through at some point. At 15.30 we have US crude oil inventories. The NZD/USD is pushing higher with the rest of the dollar pairs, but unlike the AUD/USD, has not regained the highs.

There is potential for the NZD/USD to play catch up from here.

A good way to play this on BetOnMarkets.com might be a HIGHER trade predicting that the NZD/USD closes above 0.8300 in 7 days could return 108%.

Get this trade now, go to: http://goo.gl/T5CaJ

http://record.betonmarkets.com/_YRrMQmitWwJHH6eEtUVc2GNd7ZgqdRLk/100/?market=forex&H=0.83&type=CALL&payout=100&underlying_symbol=frxNZDUSD&time=7d&date_start=now


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