Spread Betting, Forex Markets and the UK Election
Sterling has been seeing some quite big swings in the run up to the UK Election and it does not look like the markets have quite settled down.
The Pound has come in for something of a battering as a media obsessed Britain were polled and voted a modern politician, who has actually never done anything [...]
FX Trading Update – The CAD Markets
BoC hints at higher interest rates next month.
The (mainly) $1.52 - $1.56 range continues to hold sterling steady against the Loonie. Most of that range was explored yet again last week as sterling lost a net half cent to open in London on Monday morning at $1.5450.
With the opinion polls pointing ever more precisely [...]
Trading the Yen and Japanese Deflation
Japan’s finance minister proposes fresh measures to fight deflation.
Bouncing from ¥139.50 on Monday morning the pound had added four yen by midweek and continued its advance on Friday. It opened in London on Monday morning at ¥145.50.
The movements of the yen owed at least as much to developments in Europe as they did to [...]
Weekly FX Update, JPY Trading, CAD Trading
Yen benefits from actions in Brussels and Washington.
Having spent most of the week between ¥142 and ¥145 the pound set off lower on Friday. It bottomed out below ¥139.50 early this morning as London was opening.
The double-top near ¥144.50 appears to have done its work and there is little chance of any repeat [...]
ShortsandLongs - Survey Shows Charts are the Most Important Tool for Spread Bettors
Financial spread betting company ShortsandLongs.com has upgraded its trading platform with a slick, new charting package – after results from a survey of spread bettors showed graphs to be the number one requirement for online traders.
ShortsandLongs.com, which launched in October last year as the only spread firm offering Free Guaranteed Stops to all members on [...]
Spread Betting - GBP/USD Weekly Review
With the election campaign under way there was no chance of any surprises from the Bank of England’s Monetary Policy Committee, which issued a no-change statement almost identical to the one it put out in March.
Indeed, the May meeting has been postponed to the 10th in order to avoid any possibility of interference with [...]
Spread Betting - GBP/AUD Weekly Review
Fourth quarter UK economic performance revised upwards. US payrolls going up.
The $1.63 - $1.67 range held sterling steady for a fifth week. The pound did not quite touch either side of its horizontal channel but it came close to both.
With the Reserve Bank of Australia’s interest rate increase out of the way on Tuesday there [...]
Commodities Spread Betting - Gold and Oil Update
Gold once again confirmed the power of technical levels yesterday.
The $1132/34 mark was the resistance and the metal finally pushed through this level in early action to reach up to $1139 in the follow through.
However the break has achieved no other momentum and we have returned several times to the resistance, now support, of $1132/34.
Traders [...]
Spread Betting - Sterling/Dollar Market Remains Uncertain
Fourth quarter UK economic performance revised upwards. US payrolls going up.
It was almost a one-way street for sterling, which made steady headway from $1.4950 to a peak of $1.53 in the Far East this morning.
Europe did not share that enthusiasm and sterling was heading down through $1.5150 as London got into its stride after [...]