Financial Markets Lack Momentum After UK GDP: Spread Betting Update

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. Yesterday, the UK’s GDP figures showed a 0.1% gain, well below analyst’s estimates, but showing that the UK just moved out of recession. Financial markets showed a similar lack of momentum yesterday with the FTSE 100 rallying just 0.3% and Dow Jones Spreads falling [...]

Uncertainty Weakens Confidence on Financial Indices: Index Trading News

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. The main economic announcement of note today is UK GDP at 09.30. Analysts are expecting a positive number and the first rise for five quarters. A positive number will officially signal the end of a recession in the UK, so analysts will be especially [...]

Markets to Open Lower as Traders Catch Up With US Moves: Financial Trading News

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. The only economic announcement of note planned for today is US existing home sales at 15.00 GMT. Analysts are expecting a drop on the previous month. However, keep your eyes out for any breaking news following up Obama’s bank regulation plan. So far the [...]

Traders Await European Economic Data: Euro Currency Market News

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. This morning we’ve a whole raft of middle tier, in terms of expected ability to move markets, economic announcements from the Eurozone. We start with French PMI data at 08.00, following by the German PMI at 08.30 and European PMI at 09.00. We’ve also [...]

IG Group Beats Predictions

IG Group beats prediction to hit EBITDA up 34%. IG Group’s earning before interest tax depreciation and amortisation (EBITDA) is up by more than a third, the spread betting company’s half-year results reveal. The results for the 6-month period to end 30 November 2009 showed EBITDA up 34% at £81m (€93.9m, $134.6m), from £60.2m in [...]

Inflation Could Stir the Dollar Currency Markets

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. We have another busy trading day ahead of us today The first economic announcement of note being the release of the latest UK unemployment claims at 09.30. Analysts are expecting a drop in unemployment claims. At the same time, we also get the release [...]

Sterling Trades Higher Ahead of UK Data: Financial Trading News

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. After a slow news day yesterday, we’ve a full economic news calendar for Tuesday the 19th. We kick off with UK CPI data at 09.30. This key inflation measure is expected to show a big jump from last month’s announcement of 1.9% to 2.6%. [...]

German DAX Index Nears Key Level: Financial Index Trading News

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. Today is Martin Luther King Day in the US with stock markets, such as the Dow Jones, closed for the day. Without the major buying and selling from US banks, currency markets could be more erratic than usual today. European markets such as the [...]

FTSE Continues to Struggle with 5500: Financial Trading Update

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. In the last post we outlined how the FTSE was having trouble with the 5,500 level and a few days on, things haven’t changed much. The FTSE is still struggling to make much traction above this level. The 60 point trading range won’t last [...]

FTSE 100 Financial Trading and the 5500 Level

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. US markets managed to poke their head above the gain line yesterday, but the FTSE 100 endured a strangely volatile day. The UK’s leading share index burst out of the gate, then reversed those gains for the rest of the day before finishing the [...]