Sterling Continues to Fall Due to Poor Economic Data
A promising start to the week saw sterling peak on Tuesday more than a cent above its starting position. The euphoria was short-lived. By the end of the day sterling was a cent and a half off its highs and it lost another two cents on Wednesday.
A one-cent rally in the spread trading market [...]
Spread Betting Markets Anticipate Week of Thin Trading
As the Christmas season is upon us the markets are likely to see low volumes for this week. With the holiday season markets can sometime see spikes and traders should be aware that the current patterns suggest that there could be some volatility spikes whilst the indices try to head higher for the Santa rally. [...]
Spread Betting: Trading Volume Low in the Equity Markets as 6000 Looks Unlikely for FTSE
The Spread Betting Markets - Last Week:
Easy pre-Christmas profits based on general optimism may be a thing of the past, as equity trading volumes thinned out this week, and the December doldrums have dashed bulls’ hopes for the FTSE to break the 6000-level with conviction before year’s end.
De la Rue appointed a [...]
Sterling Saw Little Movement versus the Dollar in the Forex Spread Betting Markets Last Week
As the dollar failed to distinguish itself last week in the spread betting markets, sterling made the most of a two-cent range, checking out both sides of it two or three times. It started this week almost exactly in the middle of that range, unchanged on the week.
The economic data was not at all unkind [...]
Bulls Return to the Online Spread Betting Markets for Potential Xmas Rally
As expected the recent decline took the shape of a Bull Flag last week suggesting higher moves were on the cards in the online spread betting markets. The need for stronger momentum is required if the rally is to sustain itself and continue moving North.
Upside breaks above the recent highs look likely but will [...]
Both Equities and Currencies Ignore MPC Announcement in Spread Betting Markets
The Spread Betting Markets - Last Week:
Equity volumes began to thin out in the run up to the holidays, as many investors took profits and remained on the sidelines while there is little macro data to guide the markets.
An impressive 4.5% quarterly GDP gain in Japan encouraged some buying on Thursday. However [...]
Spread Betting: Weakness in Shares of BHP Billiton and Lonmin Drag on FTSE
Investors were slow to come to the fore on Tuesday after strong gains on Monday and important US Retail Sales data due out in the afternoon. We also have the FOMC decision out later tonight after the European closing bell and whilst no change in stance or language is expected by the market, there is [...]
Commodities Spread Betting: Copper Prices Surge as Chinese Industrial Production Hit 28 Month High
UK markets have pushed higher today near to their one year highs after China’s surprising failure to raise interest rates at the weekend boosted risk appetite and commodity stocks with the oil and gas sector leading the way higher.
Rising copper prices have also helped in this regard: the spread betting markets have seen copper [...]
Forex Spread Betting: Sterling Falls Against both the Swiss Franc and the Yen
GBP versus CHF
Sterling lost three cents last week versus the Swiss franc. Last Wednesday it was looking alright, more than a cent up from Monday’s starting point, but it dropped back on Thursday and Friday. It opened in London this morning close to the low of the week.
Spread betting investors have become more relaxed about [...]
UK Spread Betting Markets Trade Sideways With Miners Rallying
UK spread betting markets have traded sideways today with miners showing some positive gains after better than expected Chinese trade data overnight. Copper miners Vedanta and Xstrata are near the top of the index as Chinese copper imports grew, and prices pushed up towards new all-time highs.
The raising of Chinese bank reserve requirements by another [...]