Commodities Spread Betting Markets Look to Move Higher
The gold spread betting market continues to grind higher and the metal has had another go a breaking above the $1,265 mark. That is the third attempt in the last week and spread traders are closing many of their buying positions.
In the short term, the bulls will be looking for a close above $1,260 per [...]
European Spread Betting Markets Tumble
Markets across Europe tumbled as weak consumer confidence numbers from the US compounded continuing fears of European debt worries and the state of the global recovery.
FTSE 100 sold down to 4899, nearly a 3% retracement before making something of a recovery, but still closing down over 2.5% Germany’s Dax traded lower by 3% as negative [...]
Record Low for Euro-Swiss Franc Rate
Looking at yesterday’s markets there were no major news items to speak of so moves appear to be a case of markets falling in line with the path of least resistance…down.
There are two key trends to be aware of:
1. Weakness in the Euro
It’s a big week for Europe with Germany electing a new president on [...]
Euro Looking Resilient in the Forex Markets
Last week’s UK data were uninspiring but did no great damage. The euro shrugged off all sorts of bad news because it was not bad enough.
It was not an inspiring week for the pound, which covered a two-cent range between €1.21 and €1.19.
It was not quite five-a-day for sterling but the British economy [...]
US Dollar Trading Update
Last week’s UK data were uninspiring but did no great damage, while the US numbers helped undermine the dollar.
The story from the States was largely similar to that of the previous week.
In essence, investors cannot really see the point of buying the dollar (or the yen, for that matter) when they are relaxed about [...]
FTSE 100 Rallies 1% on Chinese Yuan News
The move by China over the weekend to make the Yuan more flexible is a move towards market normalisation and this is being welcomed by investors.
The move was a bit of a surprise, and so naturally we have see a bit of a knee jerk reaction in the US dollar, which has fallen against [...]
Spread Betting on Stocks and Shares During the World Cup
The problem with trading shares around the World Cup is that much of the positive effect of the tournament will already be priced into the shares. Also if England perform poorly, or if they are just plain unlucky, then some of the more obvious buys become sells.
Having said that, with Financial Spreads you can speculate [...]
Investor Sentiment Remains Volatile and FTSE Falls
Investor sentiment continued to remain volatile going into the European close with equity markets seesawing between losses of 0.5 and 1 percent before closing on the latter for the day.
The Oil & Gas sector was the main drag on the FTSE 100 with BP reversing earlier gains to lose nearly 1 percent on the [...]
Bargain Hunting Boosts European Equities
Investors were encouraged to buy back into shares today having seen a sharp recovery in the Dow Jones last night, which closed higher by 2.25%, and economic data reminded that the recovery remains on track.
Both factors helped to surge EU Indices higher by over 2% in early trading, helping to recover some of the [...]