Poor Economic Data Sends Online Spread Markets Lower

Today’s online spread betting summary: Five out of this morning’s six economic data points have come in lower than expected and its not even nine o clock. The main news is Japanese CPI (inflation) coming in at -1.3%, marginally worse than expected and preliminary industrial production coming in well below estimates at -1.5%. UK consumer [...]

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 [...]

UK Spread Betting Market Gains on AstraZeneca and Reed

AstraZeneca and Reed Elsevier were the stand out performers in a stronger trading session on Thursday, helping the FTSE 100 to erase yesterday’s losses and rally 0.6%. The FTSE 100 seems primed for another attack at the 5400 level, where it has found resistance previously. In truth however, as we head deeper into the summer [...]

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 [...]

An End to the Current Stock Market Rally?

Last night saw the latest rally in US equity markets run out of steam and briefly show signs that there could be some downside to come. The major indices had been range trading until recently hitting a run of strong sentiment that has seen some aggressive gains. The rally had been criticised by many for [...]

US Dollar Remains Under Pressure in the Spread Betting Markets

The US dollar continues to come under pressure across the board, despite the high degree of cynicism towards Friday’s benign outcome to Europe’s stress tests. Improving economic data and continued strong earnings performance have also helped in this regard, boosting risk appetite at the expense of the greenback while gold slips back near to its [...]

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 [...]

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 [...]

FTSE Spread Betting Market Wakes Up To Stress Tests and Reporting Season

European markets are set to get their chance to react to Friday’s stress test results as the market opens this morning, and after strong gains on Wall Street on Friday it could be that we get set for a stronger open. The stress test results offered up no real surprises on Friday as only 7 [...]

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 [...]