Where are the Forex Spread Betting Markets Heading?
In the forex spread betting markets the Euro continues to battle higher against the dollar without seeming to be able to sustain the critical move above the $1.3000 level.
We have now been hitting the $1.3035/50 area for weeks. Occasionally we pull back down a bit but the forex spread betting market always returns to this [...]
European Spread Betting Markets See Late Sell Off
Weakness in energy stocks and a late sell off in the banking sector forced European markets lower on Wednesday with the FTSE, DAX and CAC all lower by over 0.5%.
Today has been largely about profit taking. The FTSE 100 spread betting market has rallied almost 13% since the start of the month and investors have [...]
Yen Spread Betting Market Could Strengthen as Carry Trade Positions are Unwound
Yen unwanted as commodity prices rise.
Another relatively narrow three and a half yen range took sterling down to ¥131 and up to ¥135.50 before opening in London this morning at ¥135, two yen firmer on the week.
With investors gaining renewed confidence that the global recovery is on track there was little appetite for the safe-haven [...]
Spread Betting Weekly Report: FTSE 100, Dow Jones, Crude Oil
Markets rally on bullish momentum…
It appears that positive momentum has helped lift the indices up. With
previous bearish signals been negated are there more rallies ahead?
As important key levels have been breached on the upside the opportunity
for the bulls to lift the indices higher certainly stands a good chance. But
there may be limits on how much [...]
Euro Under Pressure After Seven Banks Fail Stress Tests
The Committee of European Banking Supervisors (CEBS) reported on Friday that seven of the ninety one banks tested in the European Union stress tests failed to pass.
Spain produced five of the failed institutions with the majority being savings banks. Greece’s ATEBank and Germany’s state owned Hypo Real Estate made up the other two names [...]
European Spread Betting Indices Climb 2%
Investors hunted risky asset classes today after both EU and US economic data served to calm fears of an impending double dip recession. The main heavyweight sectors of the miners and banks have attracted a large chunk of the higher share demand and it is these two sectors that have been the main drivers behind [...]
Euro Spread Betting Update - Investors Sell Sterling
Sterling spent the first four days of the week around a one cent range. A couple of explorations above that range failed to improve the rate by much. A sell-off that began on Friday morning took the pound down and that was where it was trading when London opened this morning.
Monday’s [...]
Spread Betting Update - The US Dollar Has an Uncomfortable Week
Fed believes it could be ‘five to six years’ before the economy returns to normal.
Twice at the beginning of last week sterling tested support. Both times it rebounded, with Tuesday’s bounce setting it on the way to a peak on Thursday. A profit-taking sell-off on Friday brought sterling back down and it was [...]
Financial Spreads with 188BET
WorldSpreads Group plc is pleased to announce that its UK subsidiary, WorldSpreads Limited (”WorldSpreads”), has signed an exclusive agreement with 188BET to provide a financial spread betting service to their global customer base.
Under the terms of this new partnership, WorldSpreads will provide 188BET’s clients with an online trading service which will offer highly [...]
A Quiet Week for the GBP/USD Spread Betting Market
Dollar in the background with a four-day week and few US ecostats.
An uneventful week saw sterling meander along a cent-and-a-half range. It was only as London was tidying its desk on Friday afternoon that sterling set off lower. It then went on to lose a further half cent in the Far East this [...]