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Date Posted: 01:05:26 09/04/12 Tue
Author: Charisse Bartoli
Subject: Markets bounce, led by Aussie dollar

This morning, markets have started the day on solid ground, with the Australian dollar leading the way. The Aussie is in demand after the Reserve Bank of Australia voted to keep rates on hold despite a slowing economy. The AUD/JPY is up 0.49%, with the AUD/USD up 0.41%. The euro is also having a positive morning, as hopes rise ahead of Thursday's ECB meeting. The EUR/JPY is up 0.38%, with the EUR/USD up 0.28%. Gold is up around 0.14%, while the US dollar index drops for its third straight day.

Coming up today we have UK construction PMI with a slight drop expected. US ISM manufacturing follows at 15.00 with a rise to 50.0 expected. The USD/CAD has been moving lower lately, thanks to the US dollar index slumping. The pair is sitting on support in the 0.9850 level, a level that has seen a rapid bounce twice in the the recent past.

A good way to play this on BetOnMarkets.com might be a HIGHER trade predicting that the USD/CAD closes above 0.9875 in 5 days time. This could return 133% if successful.


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


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