Forex Spread Betting: Dollar Could Still Rally Following Recent Weakness
A drop in 10 year US treasury yields on speculation about the size of QE saw the US dollar fall back yesterday, eradicating some of the gains of the past couple of days, despite the problems emanating from the periphery in the Eurozone in Portugal and Greece, and to a lesser extent Ireland.
However the story [...]
Forex Spread Betting: QE Speculation sees Dollar Continue to Rally
The forex spread betting markets saw the US Dollar continue its recent push higher over the last 24 hours. This was driven by a number of factors, not least uncertainty about the level of stimulus that may be undertaken next week by the Federal Reserve in light of some improvement in the latest batch of [...]
Forex Spread Betting: Pound Rallies Following Better than Expected GDP Data
The forex spread betting markets saw the pound receive a significant boost as it posted its biggest one day gain against a basket of currencies in 3 months, following yesterday’s surprise rise in UK Q3 GDP to 0.8%. Sentiment was also helped by a ratings upgrade from Standard and Poors to a ‘stable’ outlook bringing [...]
Spread Betting: Dow Jones Rallies as Gold Struggles
With last week’s price action closing both positive and higher this now suggests an ABCD formation in the making. This could take the indices much higher than current levels. At the same time Gold prices fell at the key resistance level taking the metal lower with a break of a Parabolic curve after a +19.74% [...]
Indices Spread Betting: FTSE Struggles with Miners Downgrade
The Spread Betting Markets - Last Week:
A mixed bag of corporate earnings kept the indices spread betting markets afloat last week. Miners pulled the FTSE lower, as HSBC’s downgrade of Xstrata and Antofagasta hurt the sector. BHP Billiton’s iron-ore production rose 6% in the quarter though, and they have a positive outlook for [...]
Spread Bettors Reduce Downward Pressure on USD
Sterling began last week in what would turn out to be the middle of a two and a half cent range. The low came on Tuesday, the high on Friday and by the time London opened this week sterling was about quarter of a cent below its starting point.
The dollar spent the week fighting its [...]
Forex Spread Betting: Dollar Volatile as FOMC Meeting Draws Near
The forex spread betting markets have continued their US dollar roller-coaster ride with the greenback continuing to flirt with its recent 15 year lows against the yen, and trading either side of the 1.4000 level against the euro, as 10 year bond yield spreads continue to work in the single currency’s favour.
However as the November [...]
Forex Spread Betting: Dollar Falling Again Following Fed Report
After the rebound in the dollar earlier this week had seen some profit taking on some short positions. The publication of a consultancy report that stated that the Fed would pump up to $100bn a month into the economy over the coming months sent the dollar straight back from where it had come.
Whether this [...]
Forex Spread Betting: Dollar Rallies Following Chinese Interest Rate Hike
Yesterday’s move by China to raise its one year lending and deposit rates by 25 basis points took the spread betting markets by surprise, however was just the catalyst the US dollar needed to help alleviate the downside pressure that it has been under over the past few weeks.
Despite a number of [...]
Spread Betting: Is a Reversal Imminent for Indices?
The week ending Oct 15th pointed to a key reversal based on ‘Time Analysis’. With the current setup in terms of Price, Pattern and Time we could be at a ‘possible’ intermediate term trend reversal.
The crucial element is if the spread betting markets close lower than its opening price by the close of Friday [...]