While you were watching… Brazil v Croatia 12th June, 2014

June 13, 2014

Brazil v Croatia, 12 June 2014

Brazil’s World Cup

The FIFA World Cup is considered the most widely watched sporting event internationally, with even more viewers than the Olympic Games. The World Cup draws to a serving host nation thousands of visitors and millions of dollars into the nation. The 20th FIFA World Cup is hosted this year by the most successful team since its inception – Brazil. This year’s World Cup is expected to bring to Brazil R$25 billion (US$11.2 billion) in revenue and over half a million of visitors1. The South American nation had much to prove with fevered excitement on the opening game against European nation, Croatia.

 

National Pressures

Brazil Croatia
  • 6 out of 8 host teams have won the Cup on their home turf. Brazil has not, last hosting in 1950
  • Brazil has won the title 5 times previously
  • Home field pride and pressure in preparation for the Olympics and the Brazilian government
  • Croatia finished 3rd in their World Cup debut in 1998 and has not reached the semi-finals again
  • Having not qualified in the last World Cup, the current team made up of regular English Premier League and German Bundesliga players hold their nation’s hopes
  • The EUR/USD Match Up

    With odds paying 3.75 on Sportsbet for Brazil to take the Cup and Croatia at odds of 176 at the same spot, most knew it would be a challenging match up for the red and white checked team. As one of the 13 European teams in this year’s tournament, let’s have a fun look at how the Croats fared in the world market’s eyes during the match up.

    EURUSD BRA v CRO World Cup | MXT Global Forex ReportEURUSD during the BRA v CRO 12 June Match. Click to see full view

     

    Looking at the chart above, you can see a last minute peak in the volume bars as it seems everyone wanted to get their last minute trades in before the game. It looks like with World Cup fever hitting the world over, trade volumes have already started to taper off.

    Immediately, the game begins with the Euro falling along with its chances in this game. It soon surges and rises with hope after the own goal and Croatia takes the lead in the first fifteen minutes of the match. After the equaliser by Brazilian Naymer, sentiments seem to decline along with their winning outlook. As the match nears the end and Brazil’s win seems cemented, traders come back and start trading again.

    EURUSD Sentiment 12 June | MXT Global Forex Report

    Indicator from the Vantage FX Smart Trader Tools set of MT4 add ons.

    Game over and the outlook appears to show that all will return as usual. Our sentiment trader above shows the bullish attitude returns with positive outlooks for the Europeans.

    Until next time, enjoy the games and happy trading!

    1.The Rio Times, August 2013


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