Forex Spread Betting: Dollar Continues to Struggle Versus Euro
Currency markets continue to be roiled with the competing dynamics of the prospect of further Federal Reserve quantitative easing, as well as events currently unfolding in Europe as fears grow that the smaller European nations will struggle to finance their deficits.
Public unrest in the form of strikes across Europe was widespread yesterday as governments [...]
FX Spread Betting: US Dollar and Sterling Both Suffer
The US dollar suffered a double whammy of bad news yesterday when September consumer confidence data posted its worst reading since February coming in at 48.5, against an expectation of 52.5.
With the Richmond Fed index for September also disappointing, pushing into negative territory with a reading of -2 against an expectation of 6, investors [...]
Bears Struggling to Push Spread Betting Markets Lower
With the markets holding up and not losing much ground some traders beg the question as to when the bears will gain enough strength to drive the indices lower.
Although over the last two weeks the indices appeared to show initial signs of weakness we still have markets at critical juncture for possible reversals. Gold [...]
Further Japanese Intervention Looking Likely and Is Silver the New Gold?
The US dollar will continue to be in the spotlight this week after the single currency posted its highest levels against the greenback since April 20th late last week.
The pound will also come under scrutiny with the first revision to UK Q2 GDP tomorrow. The US will announce its first revision to its Q2 [...]
Spread Betting Markets Looking to Sell Both Euros and Dollars?
Yesterday’s news about the Irish economy, which saw it shrink 1.2% in the second quarter, against expectations of a rise of 0.5%, has spooked the markets and saw Irish credit default spreads swaps hit a record high of around 500 basis points.
When set alongside the disappointing September French, German and Euro zone PMI data, [...]
The FTSE Spread Betting Market Suffers as the Dollar Recovers
The FTSE suffered its third straight day of losses on Thursday as investors began to sell into rallies fearing that recent strength in the UK Index had outperformed the fragility of the global economic recovery.
The early hours of trading had seen a sharp reversal of fortunes for the FTSE 100, which had opened to gains [...]
Eurozone Spread Betting Indices See Heavy Falls
The DAX and CAC both suffered heavy falls in European trading as traders shunned risky asset classes but the FTSE showed more resilience, closing slightly lower having staged a recovery in the afternoons session.
The German DAX and French CAC spread betting indices have both struggled of late to come through resistance levels and so naturally [...]
FTSE 100 Spread Betting Markets Sees Further Strength
European markets consolidated recent gains to push to levels not seen since April this year after Banks and Oils helped to keep the markets in positive territory. Goldman Sachs raised targets on UK banks helping the sector consolidate on yesterday’s late rally.
Lloyds has outperformed the market again adding another 1% to push the stock [...]
Will There Be a Reversal in the Spread Betting Markets?
Now that the indices have reached the expected price objectives the possibility of a reversal could be at hand. With momentum indicators turning on cue, the odds suggest that if we start seeing a move lower at the start of the week then it is likely that a pullback to initial support levels could be [...]
Positive Chinese Data Drives the FTSE 100 Spread Betting Market
The Spread Betting Markets - Last Week:
In indices spread betting the FTSE opened up 64 points on Monday, driven by positive industrial production data from China.
New capital adequacy rules set by global regulators set relief to the worlds banks, sending them higher. Investor Warren Buffet started talking up America and declared adamantly that [...]