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 [...]

A Key Day after Market Bloodbath

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. After yesterday’s bloodbath, the risk takers are dipping their toes back into the market in early trading this morning. Forex markets are seeing a slight reversal of yesterday’s moves. The two currencies at the epicentre of the sell off; the Australian Dollar and [...]

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 [...]

Safe Haven Currencies

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. After a limp rally yesterday, financial markets are starting Tuesday on the back foot. The main catalyst was the news that China’s leading economic index rose just 0.3% in April versus the expected +1.7%. This sent Asian stocks shooting lower with the yen [...]

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 [...]

Trading the Swiss Franc

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. A quick look at the markets from Friday afternoon shows us that they traded lower after final revised US GDP came in below expectations at 2.7%. Both the Dow Jones and the FTSE 100 dropped. BP hit its lowest levels since 1996. In [...]

Markets Looking Nervous as Greek Credit Default Swaps Hit Record Levels

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. Fear is still trumping risk taking this morning as investors fret over sovereign debt problems and the very real possibility of double dip recessions in many Western economies. Yesterday Greek Credit Default Swaps hit record levels, implying the country is close to bankruptcy. [...]

GBP/USD Market Hits 5 Week High

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. The Dow Jones managed to limp over the line yesterday, keeping up its high strike rate on Fed days. The FOMC statement sparked a wave of selling in the US dollar as it seemed to imply rates would be staying low for a [...]

US Interest Rate Announcement and Upbeat Sterling Forex Spreads

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. Forex markets are quiet this morning after yesterday’s monster moves. The pound is still strong on a relative basis, but other than this, there are no significant moves to speak of so far this morning. A quiet Asian session is probably a relief [...]

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 [...]