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 and Swiss franc [...]
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 on [...]
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 momentum [...]
Bears Take Control of Spread Betting Markets
With a conflict between chart patterns and technical indicators, the indices headed lower after a five wave completion towards the upside. An ABC correction may be on the horizon with the opportunity of lower prices for the weeks ahead.
Unless a strong move toward the upside takes place this week, the weight of evidence sports lower [...]
Mixed Views on the Spread Betting Markets
According to BetOnMarkets, “US markets held their ground last night, but still finished well below the previous day’s close.
This morning looks more positive, with stock market futures indicating a positive session ahead in the US and a flat open for Europe.
The safe havens of the yen, US dollar and Swiss franc are out of favour [...]
Spread Betting: US Dollar Still Looking Weak
Dollar still on the retreat after weak employment figures.
Sterling added another two cents over the last week. Most of the gains came in the first two days with the rest of the week spent in consolidation. It opened in London yesterday morning at the top of its range facing strong psychological overhead resistance.
It was a [...]
Spread Betting Markets Move Higher But for How Long?
With positive momentum continuing to lift the indices higher, the need to sustain support levels is becoming more important for the bulls.
Technical indicators remain bullish but chart patterns may be telling a different story.
As we approach key resistance levels the markets are now getting to a decision point on price, pattern and time. What [...]
Spread Betting Markets Looking at a Strong Start to the Week
So far the markets are quiet as we start the new trading week. Aside from some mild strength in the British pound, there’s not much to speak of so far.
The FTSE and other European stock markets are likely to open up strongly, but that will primarily be down to playing catch-up with the late [...]
Spread Betting Markets Are Looking Up
The stock markets appear to be consolidating around current levels with the UK’s FTSE 100 Index failing yet again to make headway above 5400. At the same time though the FTSE 100 is showing no wish to drift below the 5340/50 level either.
This small range is making for rather tiresome spread betting for all [...]
Will the Dollar Get a Boost in the Spread Betting Markets?
Today is all about monetary policy meetings with the UK, Czech Republic and the Eurozone committees all deciding on levels for interest rates for the next month.
As with previous months it is a fairly common view that both the MPC and the ECB will decide to leave their respective rates on hold, resolving to [...]