Record Low for EUR/CHF

In spread betting, US stock markets sold off steadily the close with the Dow Jones closing down 1.39%. The wider S&P 500 closed below Friday’s open, erasing the rally. Japanese stocks experienced heavy selling with the Nikkei closing down 3.20%. The glass has shifted back to being half empty with the US dollar, Japanese yen [...]

New All Time Lows for Euro / Swiss Franc

Friday’s comments from Fed chairman Bernanke that the Fed stands ready to act to provide additional stimulus if necessary, especially if the outlook weakens significantly doesn’t really change anything from the markets perspective. The market continues to behave erratically swinging from “risk on” to “risk off” with every piece of economic data. As if to [...]

Australian Dollar/US Dollar Spread Betting Guide

Where to Spread Bet on Australian Dollar/US Dollar You can trade FX spread betting markets such as Australian Dollar/US Dollar with spread betting companies like: Financial Spreads GFT IG Index How to Spread Bet on Australian Dollar/US Dollar If you decide to spread trade on a foreign exchange pair such as the [...]

US Dollar/Swiss Franc Spread Betting Guide

Where to Spread Bet on US Dollar/Swiss Franc You can trade FX spread betting markets such as US Dollar/Swiss Franc with spread betting companies like: Financial Spreads Capital Spreads GFT How to Spread Bet on US Dollar/Swiss Franc If you decide to spread trade on a foreign exchange pair such as the [...]

European Indices See Violent Trading Days

European Indices endured a violent days trading after better than expected UK and US GDP revisions were counterbalance by a weak Michigan business sentiment number and comments from Ben Bernanke that admitted the US economic recovery has slowed more than expected. The FTSE 100 spread betting market had rallied to its daily high of 5193 [...]

Spread Betting Markets are Unusually Uncertain

Markets got a brief respite yesterday after weekly jobless claims surprised by coming in better than expected at 473k against an expectation of 488k, however the 4 week moving average of claims is at its highest level since last November, indicating that the employment market still remains weak, and this was reflected as the day [...]

Poor Economic Data Pushes Investors to Gold, the Yen and the Franc

If the markets had been looking for US economic data to start to improve yesterday they were sorely disappointed. It’s almost getting to the point that missing expectations with respect to US data is becoming the new normal, so often has it disappointed recently. Yesterday US durable goods (excluding transportation) for July dropped 3.8%, much [...]

Crude Oil and Indices Spread Betting Markets Continue to Fall

As expected the markets fell lower reaching initial support bases. With three time frames showing bearish signals the markets may be in a position for further declines. Although short term momentum appears to be reaching a possible reversal for 1-2 days, we cannot rule out the option for a continuation to the downside. With both [...]

Nervous Investors Boost the US Dollar

July may have been a lousy month for the dollar but the greenback is managing to pare back some of these losses in August on safe haven flows, despite some very poor economic data coming out of the US. Last nights downgrade of Ireland to AA- by Standard and Poor’s, after the US market had [...]

Euro Spreads Come Under Pressure as Eurozone PMI Disappoints

A brief revival in risk appetite early yesterday morning, on a fairly slow day for currencies, didn’t last particularly long as the single currency continued to remain under pressure after Eurozone manufacturing purchasing manager’s data for August came in slightly below expectations. This poor data revived concern about the strength of the Euros recent recovery [...]